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The outlook for gas demand in China is one of the most important questions facing the global gas market, as it will have significant consequences for gas producers and consumers across the world. The rapid rise in China’s gas demand has been catalysed by environmental concerns, in particular air quality, in the country’s major cities […]
James Henderson and Trisha Curtis, the CEO and founder of PetroNerds and a visiting fellow at OIES, discuss her forthcoming paper on current trends in the US shale oil industry. Following recent industry concerns that productivity and well performance might be set to undermine the future production outlook, Trisha outlines her view that in fact […]
In 2017, a gas crisis emerged in Australia’s East Coast gas market. Gas prices had increased rapidly from mid-2016 as the full effect of the three LNG projects starting operations on Curtis Island worked through the gas market, putting domestic energy users under pressure. In March 2017, the Australian Energy Market Operator (AEMO) forecast gas […]
In Europe, the Brexit unknowns are increasing, and the gas markets have still not been properly addressed, leaving little time before March 2019 to find a commonly agreed solution not only for the short but also the long-term. We are now seeing industry lobby groups like Eurogas and Eurelectric interfering in Brexit energy issues, making […]
Gazprom’s pipeline projects that aim to diversify transit away from Ukraine, Nord Stream 2 and Turkish Stream, are very unlikely to be operating at full capacity by 31 December 2019, when the current transit contract between Gazprom and Naftogaz expires. New contractual arrangements must therefore be agreed – and are being negotiated in an atmosphere […]
Oil market sentiment has turned very bearish over the last few weeks. The Brent price has fallen from highs of above $80/barrel in October to currently trading close to $60/barrel, global economic prospects have become highly uncertain, Saudi Arabia’s production is at record level of above 11.1 mb/d in November, Russia and other OPEC+ members […]
The ECJ’s recent annulment of a 2014 decision by the European Commission not to raise objections to the aid scheme for the capacity market in the United Kingdom has highlighted some of the challenges faced by governments in implementing centralised capacity mechanisms to respond to shortfalls in the market provision of electricity. There are also […]
Russia’s pivot to Asia has taken a long time to mature in the gas sector, but 2019 is set to be an important year as the Kremlin seeks to diversify its sources of export revenues. The Power of Siberia pipeline is due to come onstream at the end of the year, and before then agreements […]
In this latest Oxford Energy podcast James Henderson and Vitaly Yermakov discuss Vitaly’s forthcoming paper on Russia’s gas supply surplus. It has been widely documented that Gazprom has had 100bcm or more spare gas for potential export to Europe, but recent increases in production have reduced this figure. In addition, Vitaly outlines his concern that, […]
China is the world’s third-largest gas market – as well as its fastest-growing. Government policy, economic growth and reform of its gas pricing system are driving growth in demand at double-digit rates. The outlook for China’s gas market and its interaction with the wider world of global gas is both a major question for international […]
Since October 2018 Saudi Aramco has used the DME Oman daily settlement price in its pricing formula for Asian customers. The DME Oman futures contract settles daily, based on a weighted average of trades between 16.25 and 16.30 Singapore time (often referred to as a ‘window’). In line with the usual timing of Asian oil […]
Australia’s National Electricity Market is an important global test case of the impacts of electricity sector transition in a large-scale liberalized energy-only market. The integration of variable and distributed energy resources has provided opportunities for clean, low-cost generation, but has also challenged existing market frameworks and resulted in a debate about the necessity for new […]
In November 2018 we will be holding our annual Oil Day.
The meeting will focus on four main themes:
• IMO 2020 Marine Fuel Sulphur Cap: Impacts on Shipping, Refineries and Petroleum Products Demand
• Insights into the relationship between oil price shocks and demand: Lessons from Previous Cycles
• A Deep Dive into the Russian Oil Sector: Economy, Oil Policy, Companies’ Strategies, and Supply Prospects
• A Deep Dive into the US Shale Rebound: Production, Productivity, Infrastructure and Business Models
For more information on the Oil and the Middle East Programme please click here.
In November 2018 we will be holding our annual Electricity day.
The meeting will cover three main topics:
Session 1: Why should active consumer participation be at the centre of the energy sector’s development?
Session 2: What market design and regulatory regimes (and reforms) are consistent with active consumer participation?
Session 3: What new business models and strategies can we anticipate involving active consumer participation in electricity markets?
For more information about our electricity programme please click here.
The Outlook for Natural Gas and LNG in China in the War against Air Pollution https://t.co/8whN19JPBl
December 10th
OIES’s @thierry_bros in @ru_rbc "...it is going to be difficult but essential to move to € denominated commodity tr… https://t.co/9wCsJakTpS
December 7th
Oxford Energy Podcast – Current Trends in the US Shale Oil Industry https://t.co/XCr1ch6qfN
December 7th