Natural Gas Research Programme

The Renewal of Turkey’s Long Term Contracts: Natural gas market transition or ‘business as usual’?

Oil and the Middle East Research Programme

Oxford Energy Podcast – After the Initial Oil Rebound: What Next for Market Fundamentals and Prices?

Electricity Research Programme

Oxford Energy Forum – Electricity Networks in a Net-Zero-Carbon Economy

China Energy Research Programme

Oxford Energy Podcast – China’s oil demand in the wake of COVID-19

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.

  • Oil & the Middle East Research Programme

    The Oil and the Middle East Research Programme of the Oxford Institute for Energy Studies was established in 2009. It is dedicated to the advanced study of contemporary oil markets, production, consumption and policy. With a historical focus on the resource-rich economies of the Middle East, research on the Programme...

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  • Natural Gas Research Programme

    The Natural Gas Research Programme, launched in 2003, has become one of the foremost sources of independent academic research on natural gas. The programme focuses on natural gas within the disciplines of the Institute: economics, politics and sociology, international relations of gas-producing, consuming and transit countries, as well as the...

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  • Electricity Research Programme

    The OIES Electricity Research Programme was established in 2015. The Programme seeks to inform public and private sector decision-making by improving understanding of the electricity supply chain. The Programme studies the role of public policy, regulation, and markets to support the energy transition, along with implications for end-users, companies and...

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  • China Energy Research Programme

    Launched in 2019 the OIES China Energy Research Programme, is a center of analytical excellence offering insights into the factors that inform China’s energy policies and choices and their pivotal role in global energy markets. China is the world’s second largest economy, biggest importer of crude oil, the fastest growing...

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Latest Research Papers

Since the birth of the LNG industry, Asia has been the key market, providing high value, reliable demand. The 3 foundation markets of Japan, South Korea and Taiwan have been joined more recently by China and India to form the “big 5” which is often the focus for much analysis and comment. However, it would be wrong to ignore the...

Latest Energy Insights

Turkey’s new, timely natural gas strategy of reducing import dependence coincides with the situation that all Long Term Contracts (LTCs) with the current pipeline suppliers will expire in the 2020s. In 2021 alone, 16 bcm of LTCs will expire, of which 8 bcm is Gazprom gas and half is imported by BOTAŞ and the other half by the seven private...

Latest Energy Comments

China’s oil demand has almost tripled over the past two decades, accounting on average for one-third of global oil demand growth every year. China is set to dominate future growth as well, as it will overtake the US as the world’s largest economy. But the pace of the country’s oil consumption is slowing while the product makeup is shifting, in...

Latest Oxford Energy Forum

This issue of Oxford Energy Forum (OEF) is dedicated to electricity networks. Over the last decade, decarbonization, decentralization and digitalization (3D) have transformed the electricity system. Within this changing environment electricity networks are required to remain stable and secure while additionally facilitating net-zero-carbon policies. The increased level of low-carbon heating/cooling and transport along with changes in the operating environment of...

Latest Podcasts

Following the sharp recovery in the oil price, the Brent price has been stuck in the narrow $40/b-$45/b range since July and despite the heightened uncertainty, volatility has been exceptionally low. What factors are driving the recent price behaviour? When will oil demand recover to its pre-virus level? What explains OPEC+ high compliance? Looking forward, what are the trade-offs that...

Latest Presentations

This presentation provides an historical perspective from 1990 to 2018 of the functioning of the world oil market with and without OPEC. Analysis builds on a new methodology simulating counterfactual (i.e. what-if) outcomes in the rich context of state-of-the-art structural VAR models of the world oil market to empirically assess OPEC’s contribution to oil markets and the global economy by...

The Future of Gas in the Gulf: Continuity and Change

This book provides an update the development of natural gas in the Gulf countries nearly ten years after the publication of the OIES Gas Programme book on Natural Gas Markets in the Middle East and North Africa. The book comprises in-depth studies of a smaller set of countries, but those of critical regional and international importance to the future of gas: Qatar, Iran, Oman, Saudi Arabia, UAE, Kuwait, Iraq and Bahrain. Over the past decade, Gulf gas production and demand have expanded rapidly, and the next decade is likely to see further major expansions. The only substantial increase in LNG exports in the 2010s was from Qatar and a smaller, but still very significant, increase is planned for the 2020s. This book finds that the Gulf will play a substantial role in the expansion of global gas supply and demand at least until 2030, and probably beyond, and will therefore remain an extremely important region for gas and energy researchers over the next decade.

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Contents:

Introduction

1. Qatar: LNG expansion following the ending of the North Field moratorium

2. Iran: an inward-looking gas giant

3. Natural Gas in Oman: change and stability

4. The Future of Gas in Saudi Arabia’s Transition

5. Appetite and Innovation: natural gas in the UAE

6. Present and Future Role of Natural Gas in Kuwait

7. Rising from the Ashes: natural gas in Iraq

8. Bahrain: gas sector prospects