Natural Gas Research Programme

The dilemma of gas importing and exporting countries

Oil and the Middle East Research Programme

Quantifying Dutch disease effects and asymmetry in economic responses to oil price volatility in Kuwait

Electricity Research Programme

Oxford Energy Forum – EV Uptake in the Transport Fleet: Consumer Choice, Policy Incentives and Consumer-Centric Business Models

China Energy Research Programme

The Shanghai Oil Futures Contract and the Oil Demand Shock

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

At a time of low prices and an apparent surplus of supply in the global gas market it is important to try and identify new sources of demand, especially for LNG. In this respect, one interesting theme is how some countries are switching from their traditional role as LNG exporters to becoming importers of gas as their indigenous demand grows....

Latest Energy Insights

This Energy Insight examines the current regulatory framework and challenges facing the natural gas industry (producers, transporters, suppliers and consumers) during the transition to a zero-carbon economy.  The EU has declared its intention to be climate neutral by 2050, which means that the current level of natural gas usage will no longer be possible. However natural gas is a crucial...

Latest Energy Comments

The global oil demand shock due to the COVID-19 pandemic has sent markets and benchmarks into turmoil. In the height of the demand shock, WTI traded at negative values while the divergence in Middle Eastern benchmarks was laid bare. Excess supply of oil naturally gravitated to China, the biggest oil importing country in the world, increasing ‘spot’ activity in delivered...

Latest Oxford Energy Forum

The COVID-19 pandemic may be giving us glimpses of what the future of the energy sector will bring; and the glimpses keep coming as the pandemic continues with no early end in sight. There are two general themes that run through the articles in this Forum, reflecting that we are still in the middle of a global crisis. One is...

Latest Podcasts

In this podcast David Ledesma talks with Agnieszka Ason about her new paper on scenarios for Asian long-term LNG contracts (LNG SPAs) before and after COVID-19. The paper argues that recent market events have delivered multiple incentives for price reviews and exposed three key needs for changes to Asian LNG SPAs: (1) to abandon oil-linked pricing, (2) to increase operational...

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