The Oxford Institute for Energy Studies is a world leading independent energy research institute specialising in advanced research into the economics and politics of international energy across oil, gas and electricity markets.

In recent years, the replacement of fossil fuels with renewables in power generation and improvements in energy use efficiency have contributed the largest proportions of global CO2 emissions reduction.  With the recent acceleration of ambitions on decarbonization – and countries adopting targets to achieve net-zero carbon emissions by the middle of this century – these predominant measures have limitations: first,...

In October 2016 the European Commission (EC) adopted an exemption decision, which exempted 50% of capacity in OPAL (one of the onshore pipelines connecting to Nord Stream 1) from third party access. It also prescribed non-discriminatory access to another 50% of capacity via auctions where both Gazprom and third parties were able to participate, guaranteeing the latter’s access to 20%...

On 11 March 2021, the Chinese government ratified its 14th Five Year Plan and long-term targets for 2035. Since this is the first Five Year Plan (FYP) published following China’s announcement in September 2020 that it would aim to peak carbon emissions by 2030 and reach carbon neutrality by 2060, it was expected to be a strong indicator of China’s...

Gathering momentum for the energy transition has sparked debate on what the energy map will look like in 30 years. For more than half a century now, access to oil and natural gas has been at the heart of the geopolitics of energy; but with renewable technologies set to dominate energy supply systems, relations between states will change, while economies...

The two decades between 2030 and 2050 will see a period of radical change in the global energy economy if climate targets are going to be met. An increasing number of countries are now setting net zero emissions targets, but Europe continues to lead the way with its decarbonisation plans and in this extended Oxford Energy podcast James Henderson and...

The Energy Transition is necessary for achieving both universal energy access and the Paris Agreement targets, and it requires pathways that need to rely on all technologically feasible and economically affordable solutions.  The Circular Carbon Economy (CCE) has been accepted at the Saudi-presided G20 as an holistic, integrated, inclusive, pragmatic approach to managing emissions.  Nevertheless, CCE implementation requires international cooperation...

The new issue of OIES Oil Monthly including our latest short-term oil market outlook is now available. In this month’s featured In Focus piece, Bassam Fattouh and Andreas Economou argue that while oil market dynamics and prices have markedly improved, the degree of uncertainty surrounding the outlook remains high. Following a challenging year, OPEC+ policy choices will keep dictating market...