Natural Gas Research Programme

Oxford Energy Podcast – Asia LNG Price Spike: Perfect Storm or Structural Failure?

Oil and the Middle East Research Programme

Canada’s Carbon Tax Hike and Strategic Implications for Oil & Gas Firms

Electricity Research Programme

Oxford Energy Podcast – A critical assessment of learning curves for solar and wind power technologies

China Energy Research Programme

China’s Natural Gas Development Report – A Tale of Two Years

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

The learning curve concept, which relates historically observed reductions in the cost of a technology to the number of units produced or the capacity cumulatively installed, has been widely adopted to analyse the technological progress of renewable resources, such as solar PV and wind power, and to predict their future penetration. The observed relationship has often been used as an...

Latest Energy Insights

China’s 2020 Natural Gas Development Report (NGDR), assessing the current state of the country’s gas industry and how it relates to the broader global gas market, was published late last year.  If 2019’s focus was on the seemingly inexorable rise in China’s demand for gas, the 2020 reports theme has been the impact of coronavirus.  Despite a significant economic hit...

Latest Energy Comments

The big jump in Asian LNG prices in January as a result of very cold weather in Northeast Asia and supply issues at some export plants together with a seeming lack of spare LNG tanker capacity, led to the conclusion that a perfect storm had hit the LNG market. However, other factors were also at play which meant that the...

Latest Oxford Energy Forum

Gathering momentum for the energy transition has sparked debate on what the energy map will look like in 30 years. For more than half a century now, access to oil and natural gas has been at the heart of the geopolitics of energy; but with renewable technologies set to dominate energy supply systems, relations between states will change, while economies...

Latest Podcasts

The learning curve – a concept that relates historically observed cost reductions to the number of units produced or cumulatively installed capacity – has been widely adopted to analyse the technological progress and adoption of renewable energy technologies such as solar and wind power. Learning curves are also used as inputs in energy system models. This increased use of learning...

Latest Presentations

The Energy Transition is necessary for achieving both universal energy access and the Paris Agreement targets, and it requires pathways that need to rely on all technologically feasible and economically affordable solutions.  The Circular Carbon Economy (CCE) has been accepted at the Saudi-presided G20 as an holistic, integrated, inclusive, pragmatic approach to managing emissions.  Nevertheless, CCE implementation requires international cooperation...

Latest Oil Monthly

The new issue of OIES Oil Monthly including our latest short-term oil market outlook is now available. In this month’s featured In Focus piece, Michal Meidan argues that although China’s oil demand seemed off to a shaky start in 2021 with new COVID infections limiting travel during the New Lunar Year, solid economic momentum, new refining starts, and new storage...

Webinar Sessions

Session 1: Oil demand: A very uneven recovery
The demand shock is special in many ways compared to previous shocks: in addition to its size and the speed at which global oil demand contracted, its impact has been highly uneven across geographies. How does When or whether oil demand will return to its pre-crisis level? Will demand growth go to a lower trajectory path? What are some of the implications of the differentiated impacts of the shock? What has been the impact on the various parts of the barrel? How is the refining sector coping?

Session 2: OPEC+ Dynamics During Covid-19
High OPEC+ compliance has been a key feature in 2020 and this will remain key throughout the entirety of the deal. Can OPEC+ maintain its cohesion? What are some of the key lessons from the current cycle? OPEC+ and US shale: What are the new dynamics between OPEC+ and shale? What would an exit strategy for OPEC+ look like? Could we see another shift in OPEC+ conduct?

Session 3: North America’s oil production: Already peaked?
After a sharp reduction at the start of the crisis, shut-in well in US shale and Canada returned sooner than expected but the US shale and Canadian oil sands still face financial constraints and rig activity remains low. Has US shale production peaked or will US shale surprise yet again? What does a Biden Administration mean for US shale? Will consolidation of the US shale accelerate? Can growth be achieved outside the Permian? Can US shale still achieve productivity gains? What is the outlook for Canadian production? Will Canadian production escape from the bottlenecks?

Oil Day Webinar

What awaits oil markets in 2021-2022?

This presentations summarises some of the key questions that will be discussed at the Oxford Institute for Energy Studies’ Oil Day webinar, 'What awaits oil markets in 2021-2022?'

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Latest Oil Programme Publication

Oil Market Recovery and the Balance of Risks

While the market is shifting its attention to OPEC+ dynamics and the return of Libyan and Iranian barrels, the reality remains that this is first and foremost a demand shock and ultimately the evolution of demand will be the key factor shaping oil market outcomes. This demand shock is special in many ways compared to previous shocks: in addition to its size and the speed at which global oil demand contracted, its impact has been highly uneven across geographies (Asia versus the rest of the world) and across fuels (jet fuel and distillate demand versus other parts of the barrel). This has created a challenge for refineries and their margins have been under severe pressure. The combination of OPEC+ cuts and the return of Libyan barrels have created unevenness in terms of crude quality, with light sweet crudes in abundant supply compared to heavy-medium and sour crudes. The size of the shock and the unevenness of its impacts imply a recovery process which is far from smooth.

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