Although relations between Russia and Saudi Arabia have improved since the debacle in Doha in April 2016, it is clear that both sides will be watching each other carefully over the next few months. The fact that both have made their own implementation of a production cut dependent on the performance of the other suggests that […]
China’s leaders have long been concerned with the strategic vulnerabilities associated with rising oil imports. In their efforts to hedge against these, Chinese policy banks have handed out loans that are repaid with oil. By 2015, repayment for these loans generated 1.4-1.6 mb/d of crude and fuel oil deliveries from Venezuela, Russia, Brazil, and Ecuador […]
This event was held in Oxford in collaboration with KAPSARC and CIEP with support from Aramco. Click to see presentations.
Following several years of stagnation, India’s government is attempting to revive its upstream exploration sector through the launch of a new Hydrocarbon Exploration Licensing Policy (HELP), comprising a set of measures including: a single licence for conventional and unconventional hydrocarbons, open acreage licensing, a revenue sharing model, and commercial and marketing (pricing) freedom. The policy […]
The issue of gas transit through Ukraine remains a crucial commercial and political concern, given the current debate over the future of Nord Stream 2 and the gradual approach of 2019, when the current contract between Gazprom and Naftogaz will expire. In this short note we examine Naftogaz’s latest tactic, which has been to increase […]
This paper seeks to assess the well productivity changes in US shale since the collapse of oil prices in 2014 by analysing the nature of these productivity gains through an assessment of the impact of cost cuts, efficiency gains, and technology advances on the performance of recently developed shale and tight oil wells. The paper argues […]
The softening of European hub prices and Asian LNG spot prices in early 2014, followed by the plunge in oil prices later that year has created an extremely challenging business environment for the LNG industry. Current prices – whether spot or oil-indexed LNG contract prices – are well below levels recently regarded as necessary for […]
While the adverse effects of energy price increases following reforms are increasingly well understood for households, the existing literature has largely ignored the effect of subsidy reform on firms. This paper argues that this is a gap in the evidence base that must be addressed, in order to design and deliver reforms more effectively. In […]
This comment argues that while Saudi Arabia has shown willingness to cooperate, this does not imply that the fundamentals of Saudi oil policy have necessarily changed nor that the kingdom would accept any deal irrespective of the key principles that have been guiding Saudi oil policy so far. Based on its historical record, it is […]
South America has long been isolated from other natural gas markets, focusing instead on achieving self sufficiency and regional integration. As a consequence, it has never been at the centre of discussions in the natural gas industry until the region decided to turn to Liquefied Natural Gas (LNG) in 2008 following shortages of natural gas […]
Iraqi oil production outperformed expectations in 2015, after numerous years of disappointing growth. Iraqi production, including output from the semi-autonomous Kurdish region, rose by 0.62 mb/d to above 3.9 mb/d in 2015, the fastest growth since 2004 when Iraq’s oil sector was recovering after the US invasion. The growth was even more impressive at points […]
In 2015, oil demand growth, which surprised on the upside, was responsible for most of the adjustment in the oil market imbalance. In 2016, oil demand growth started slowing down and the baton of adjustment passed to non-OPEC supply, particularly US shale, which has declined sharply in recent months. So far, the OPEC cut feedback […]
Published - to order your copy >>
In collaboration with the Kuwait Programme at the London School of Economics and Political Science (LSE) we are holding a one-day Seminar on 31st March 2017.
The aim is to bring together a small group of key senior figures from governments, oil companies, the financial industry, and academia to discuss important and topical issues affecting energy pricing reform in MENA. Attendance is by invitation only and the event is closed to the press.
The Seminar will focus on four main themes:
1. Energy pricing reform: the MENA experience so far
2. Energy pricing reform and impacts on industrial competitiveness
3. Energy subsidies and the deployment of renewables in resource rich countries
4. The design and implementation of compensation schemes
The Oxford Institute for Energy Studies has launched an Africa Oil and Gas programme.
Led by Senior Research Fellow, Luke Patey, the programme seeks to provide an in-depth understanding of the current trends shaping Africa’s energy industry, from a national and regional perspective, and deep-look analysis on the main political, socio-economic, and security risks facing the oil and gas industry in African countries. The programme is a distinctive research platform for industry, government, academia and non-governmental and civil society groups to access high quality independent research on the key developments, opportunities and challenges in Africa oil and gas.
Initial research activities of the Africa Oil and Gas programme will focus on three areas:
East Africa and the next frontier – a look at exploration and development activities in African countries that have recently entered the oil and gas scene
After the boom – analysis on how Africa’s large producers are managing a lower price environment
Asian players – disentangling the strategies and impact of Chinese, Indian, and other Asian oil and gas investors in Africa
Chinese NOCs’ share in overseas production reached 1.7 mb/d & oil-backed loans generated estimated 1.4-1.6 mb/d… https://t.co/hqvvxZTFr3
New publication: Room for cynicism and hope in Russia’s deal with OPEC https://t.co/SqyAK5MzDC
New publication: China’s loans for oil: asset or liability? https://t.co/FZQCt72lzM