Oil & the Middle East Programme

The Oil and the Middle East Programme of the Oxford Institute for Energy Studies was established in 2009. It is dedicated to the advanced study of modern-day oil markets and of the economics of natural resource wealth. With historical focus on the resource-rich economies of the Middle East, the Programme also focuses on major non-OPEC producing regions such as Russia, and emerging energy markets such as China and India.

The programme’s research activities centre around its three main thematic branches:

  • Oil markets and their financialisation

The key area of the programme’s research concentrates on global oil market dynamics, such as oil price behaviour, benchmark developments, fundamentals research, the impact of unconventional energy sources and of biofuels on oil market dynamics, producer-consumer relations, and oil market financialisation hypotheses.

  • The economics of resource-rich economies and the Middle East

The programme’s second key area of research concentrates on the management of natural resource wealth within resource-rich economies, including resource-based development strategies and economic growth, ways of distributing natural resource rents, and domestic demand growth challenges.

  • Development of emerging energy markets

In response to the rapid rise in energy consumption outside traditional OECD energy consumers, the Oil and the Middle East Programme analyses demand and supply patterns in emerging energy markets, including Russia, India, China, Latin America and Africa.

Research is disseminated via a dedicated research paper series, short energy comments and contributions to academic journals and specialised publications, in addition to a book series published by Oxford University Press. Members of programme staff have also been involved in  a range of international publications, including the United Nations Development Programme (UNDP), the International Energy Agency (IEA) and the International Energy Forum (IEF). The Programme’s research group is composed of core staff, and draws on a network of external contributors from a wide range of disciplinary and industrial backgrounds.


Latest from the Oil & Middle East Programme

Europe’s Energy Union – a problem of governance

Published: 30th November 2015 | By: , David Buchan

This Comment explores how far the EU can go towards the goal of an Energy Union. The European Commission announced ambitious plans for such a Union earlier this year and followed it up with a number of supporting proposals. However, the Comment identifies a fundamental underlying problem – of governance. The Commission has limited formal […]

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US Shale Oil Dynamics in a Low Price Environment

Published: 2nd November 2015 | By:

One of the biggest unanswered questions facing the market is whether or not relatively high-cost US shale oil production can survive in a relatively low oil price environment (sub $60 per barrel). This is the first economic test of the shale oil renaissance. While shale production has thus far proved resilient (due to a combination […]

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Categories / Country and Regional Studies, Oil, Oil & Middle East Programme, Papers

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Oil in Uganda – Hard bargaining and complex politics in East Africa

Published: 26th October 2015 | By:

From 2006 onward, a series of oil discoveries put Uganda on the global energy map. These were the largest onshore oil finds in sub-Saharan Africa in over two decades, and part of an oil and gas surge in East Africa and a wider energy boom on the continent. But almost immediately after the discovery of […]

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Categories / Country and Regional Studies, Oil, Oil & Middle East Programme, Papers, Publications

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