In this presentation, given at IP Week, Bassam Fattouh discusses the heightened geopolitical risks in the Middle East and North Africa (MENA) and the potential impacts, both short-and long-term, on oil and gas markets. He argues that the nature of geopolitical risks in the region has changed dramatically and that despite the defeat of the […]
The Japanese oil industry and oil policy are undergoing a major transformation due to decreased oil demand and industry rationalization. As recently, as 1997 oil imports in Japan exceeded 5.7 Mb/d making the country the second largest oil consumer in the world. The oil industry itself was highly fragmented and comprised for former national oil […]
The cost of shipping LNG has always been an important element to include in the assessment of new LNG project breakeven economics, or in selecting the optimum destination for a spot cargo of LNG. This Energy Insight was prompted a perception that convenient rules of thumb for LNG transport costs were becoming outdated. Until recently, […]
2018 started on a positive note for oil markets with Brent prices breaking through $70 a barrel for a few days and all the key international crude oil benchmarks flipping into backwardation. Yet, there is still a wide uncertainty engulfing the oil market, with very divergent views among market observers about how the oil price […]
While the market has been focused on short-term issues such as OPEC’s success in rebalancing the market in 2018; its exit strategy after the expiry of the deal; and the risk that the market over-tightens, OPEC and its dominant player Saudi Arabia have been keen to shift the market focus towards the longer term. The […]
In this Oxford Energy Podcast David Ledesma interviews James Henderson, the Director of the Gas Programme at OIES, about his recent paper on developments at the Gas Exchange in St. Petersburg. Written in collaboration with Tatiana Mitrova at the Skolkovo Energy Centre in Moscow, the paper looks at the history of gas trading in Russia, […]
With energy demand in Africa forecast to grow quickly in the coming decades, the prospects of LNG imports have been talked up by many commentators, with Ghana being thought of as one of the brightest prospects. Ghana first began developing its gas market by importing pipeline gas from Nigeria, along the West African Gas Pipeline, […]
It is often implied that economic adjustments and structural reforms are very difficult in the context of rentier economies. Yet recent experience shows that in response to the declines in oil price and uncertainties surrounding oil markets, GCC countries have been able to introduce some limited reforms with relative ease and, so far, without much […]
The sale and purchase of Russian gas in the post-Soviet era has been dominated by the need for Gazprom, the dominant player, to sell to consumers at a regulated price. Since 1998 other producers, known in Russian legal terminology as the independents, have been able to sell gas at market prices, but these prices have […]
The Oxford Institute for Energy Studies held a Workshop – the first of a series – on ‘Disruptive Change in the Transport Sector’ in relation to its impact on energy use in private transport. Participants included experts from the energy, auto, mobility, and technology sectors. This document summarises eight key takeaways from the Workshop discussions: Despite many government announcements […]
The prospect that global oil demand will gradually slow and eventually peak has created a cottage industry of executives and commentators trying to predict the point at which demand will peak. In this Energy Insight, we argue that this focus seems misplaced. The date at which oil demand will stop growing is highly uncertain and […]
The Turkish government is in the process of making significant structural changes in the country’s energy sector in attempts to lessen its dependence on current import and transmission infrastructure capacity which is constrained and cannot meet gas demand in peak periods. It intends to diversify supply sources and gas import types (both pipeline gas and […]
In April 2018 we will be holding our annual 'Middle East' Day.
The meeting will bring together a select group of key senior figures from governments, energy companies, the financial industry, research institutes, and think tanks.
The meeting will focus on six key themes:
1. Global Overview of the Renewables Market
2. Power Sector Reforms & Relevance of the Market Model
3. Renewable Deployment and Electricity market Design
4. The Role of Competitive Auctions as a Policy Tool for Renewable Development
5. Financing Renewable Energy Projects
6. The Current Status of Renewables Policy in the GCC
In November 2018 we will be holding the 13th Annual Gas Day.
The event, held at St Anne’s College, Oxford, will bring together sponsors of the OIES Natural Gas Research Programme along with invited guests from the academic, media, and corporate sectors.
The event is a forum for debate on natural gas issues of international significance, as well as regional and national issues, for example; gas and LNG in: Europe, Asia, CIS countries, the Middle East and North Africa; Atlantic Basin LNG, gas pricing (in different parts of the world), market reform and regulatory issues.
At the end of May 2018 we will be holding the annual OIES Brainstorming.
The Institute has been holding an annual Brainstorming meeting since 1990.
The meeting is one full day and one half day of brainstorming discussion amongst participants.
We bring together around thirty participants from energy companies, financial institutions, governments and international organisations for a wide-ranging discussion on topical energy issues.
An OIES study (Saudi Arabia: Shifting the Goal Posts) cited in a new article in The Economist on OPEC long-term all… https://t.co/K1iuNCK1b4
Heightened Geopolitical Risks in the Middle East and Potential Impacts on Oil Markets https://t.co/ur8Q0PxXit
A new OIES paper on evolution of Japanese oil industry: Considering that demand for refined petroleum products will… https://t.co/jwajCfNQI4