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


Prospects for Renewable Energy in GCC States – Opportunities and the Need for Reform

Published: 8th September 2014 | By: , Muna Husain

This study explores the economic potential for, and possible caveats of, renewable energy in the GCC countries. Looking at the case of Kuwait, the authors highlight the growing potential for economic cost savings, primarily for solar photovoltaic power in the GCC states over oil-fired power generation, in the current global high-price environment for oil. The [...]

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Categories / Country and Regional Studies, Electricity & Nuclear, Energy and the Environment, Energy Policy, Gas, Oil, Oil & Middle East Programme, Papers, Renewable, Working Papers

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New swings for West African crudes

Published: 26th August 2014 | By: , Amrita Sen

While most recent analysis has focused on the potential impact of the US ‘tight oil’ revolution on global oil supplies and oil price levels, the impact on the shifts in trade flows and on the dynamics of price differentials has received much less attention. This is quite surprising, as the recent transformations in the US [...]

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Categories / Country and Regional Studies, Energy Comments, Energy Comments, Energy Policy, Oil, Oil & Middle East Programme

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The US Shale Revolution and the changes in LPG Trade Dynamics – A Threat to the GCC?

Published: 22nd July 2014 | By:

Published paper can be found here One of the major developments associated with the US shale revolution and that has attracted little attention from market analysts is the sharp expansion in US liquefied petroleum gas (LPG) exports. Substantial increase in domestic supply has not only meant that US imports of LPG have dwindled, but the [...]

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Categories / Country and Regional Studies, Energy Comments, Energy Comments, Energy Policy, Oil, Oil & Middle East Programme

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