Bill Farren-Price

Senior Research Fellow and Head of Gas Research

Bill Farren-Price is a Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies. Until early 2023, he was the director of macro oil and gas intelligence at Enverus, a leading US oil and gas data analytics firm. Bill has reported and researched the Middle East energy industry for 25 years, as a specialist journalist and for the past 16 years in research and advisory. Before joining Enverus, he founded and managed Petroleum Policy Intelligence, a consultancy providing advisory to oil trading, investment and research clients, which was acquired by Enverus in 2018. From 2007-10, he led oil research at Medley Global Advisors. His career as a journalist ran from 1993 to 2007, culminating in a stint as editor of the Middle East Economic Survey (MEES) in Cyprus. Bill holds a BA from SOAS at the University of London.

Areas of Expertise

Short-term oil and gas markets, OPEC and MENA area upstream oil and gas. Geopolitical risk in energy markets. Consumer energy policy and producer-consumer dialogue

Contact

WP_Query Object
(
    [query] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 30435
                            [compare] => LIKE
                        )

                )

        )

    [query_vars] => Array
        (
            [post_type] => publications
            [posts_per_page] => -1
            [meta_query] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 30435
                            [compare] => LIKE
                        )

                )

            [error] => 
            [m] => 
            [p] => 0
            [post_parent] => 
            [subpost] => 
            [subpost_id] => 
            [attachment] => 
            [attachment_id] => 0
            [name] => 
            [pagename] => 
            [page_id] => 0
            [second] => 
            [minute] => 
            [hour] => 
            [day] => 0
            [monthnum] => 0
            [year] => 0
            [w] => 0
            [category_name] => 
            [tag] => 
            [cat] => 
            [tag_id] => 
            [author] => 
            [author_name] => 
            [feed] => 
            [tb] => 
            [paged] => 0
            [meta_key] => 
            [meta_value] => 
            [preview] => 
            [s] => 
            [sentence] => 
            [title] => 
            [fields] => 
            [menu_order] => 
            [embed] => 
            [category__in] => Array
                (
                )

            [category__not_in] => Array
                (
                )

            [category__and] => Array
                (
                )

            [post__in] => Array
                (
                )

            [post__not_in] => Array
                (
                )

            [post_name__in] => Array
                (
                )

            [tag__in] => Array
                (
                )

            [tag__not_in] => Array
                (
                )

            [tag__and] => Array
                (
                )

            [tag_slug__in] => Array
                (
                )

            [tag_slug__and] => Array
                (
                )

            [post_parent__in] => Array
                (
                )

            [post_parent__not_in] => Array
                (
                )

            [author__in] => Array
                (
                )

            [author__not_in] => Array
                (
                )

            [search_columns] => Array
                (
                )

            [ignore_sticky_posts] => 
            [suppress_filters] => 
            [cache_results] => 1
            [update_post_term_cache] => 1
            [update_menu_item_cache] => 
            [lazy_load_term_meta] => 1
            [update_post_meta_cache] => 1
            [nopaging] => 1
            [comments_per_page] => 50
            [no_found_rows] => 
            [order] => DESC
        )

    [tax_query] => WP_Tax_Query Object
        (
            [queries] => Array
                (
                )

            [relation] => AND
            [table_aliases:protected] => Array
                (
                )

            [queried_terms] => Array
                (
                )

            [primary_table] => wp_posts
            [primary_id_column] => ID
        )

    [meta_query] => WP_Meta_Query Object
        (
            [queries] => Array
                (
                    [0] => Array
                        (
                            [key] => author
                            [value] => 30435
                            [compare] => LIKE
                        )

                    [relation] => OR
                )

            [relation] => AND
            [meta_table] => wp_postmeta
            [meta_id_column] => post_id
            [primary_table] => wp_posts
            [primary_id_column] => ID
            [table_aliases:protected] => Array
                (
                    [0] => wp_postmeta
                )

            [clauses:protected] => Array
                (
                    [wp_postmeta] => Array
                        (
                            [key] => author
                            [value] => 30435
                            [compare] => LIKE
                            [compare_key] => =
                            [alias] => wp_postmeta
                            [cast] => CHAR
                        )

                )

            [has_or_relation:protected] => 
        )

    [date_query] => 
    [request] => 
			SELECT   wp_posts.*
			FROM wp_posts  INNER JOIN wp_postmeta ON ( wp_posts.ID = wp_postmeta.post_id )
			WHERE 1=1  AND ( 
  ( wp_postmeta.meta_key = 'author' AND wp_postmeta.meta_value LIKE '{0bfc49a64020382f7cf2fd31135a970248b7baffd9de4be68945a743a42c15aa}30435{0bfc49a64020382f7cf2fd31135a970248b7baffd9de4be68945a743a42c15aa}' )
) AND ((wp_posts.post_type = 'publications' AND (wp_posts.post_status = 'publish' OR wp_posts.post_status = 'acf-disabled' OR wp_posts.post_status = 'wc-fraud-screen' OR wp_posts.post_status = 'wc-authorised')))
			GROUP BY wp_posts.ID
			ORDER BY wp_posts.post_date DESC
			
		
    [posts] => Array
        (
            [0] => WP_Post Object
                (
                    [ID] => 46816
                    [post_author] => 974
                    [post_date] => 2023-12-07 12:10:33
                    [post_date_gmt] => 2023-12-07 12:10:33
                    [post_content] => European gas balances look comfortable heading into the winter on the back of record storage levels. European hub prices have stabilized since April and absent a major supply outage, 100 Bcm of storage stocks at the start of December means there is no prospect of any physical shortage this winter. We expect gas demand to remain subdued through the winter, despite some apparent recovery in industrial and commercial consumption in the second half of 2023. The main drivers of this subdued demand will be low gas use in the power sector given the combined impacts of the weak macroeconomic outlook; a recovery in French nuclear output; and higher hydro and other renewables generation. But limited supply flexibility means there are risks to this outlook and most of those are bullish price. A surge in European gas demand driven by colder weather or curtailment of LNG supplies would spike storage withdrawals, lifting prompt gas prices and requiring higher storage fills in mid-2024.
                    [post_title] => European Gas Market Supply & Demand: Winter Outlook 2023/24
                    [post_excerpt] => 
                    [post_status] => publish
                    [comment_status] => closed
                    [ping_status] => closed
                    [post_password] => 
                    [post_name] => european-gas-market-supply-demand-winter-outlook-2023-24
                    [to_ping] => 
                    [pinged] => 
                    [post_modified] => 2023-12-07 12:10:33
                    [post_modified_gmt] => 2023-12-07 12:10:33
                    [post_content_filtered] => 
                    [post_parent] => 0
                    [guid] => https://www.oxfordenergy.org/?post_type=publications&p=46816
                    [menu_order] => 0
                    [post_type] => publications
                    [post_mime_type] => 
                    [comment_count] => 0
                    [filter] => raw
                )

            [1] => WP_Post Object
                (
                    [ID] => 30433
                    [post_author] => 111
                    [post_date] => 2017-06-07 14:58:51
                    [post_date_gmt] => 2017-06-07 13:58:51
                    [post_content] => Earlier this week, Saudi Arabia, the UAE, Bahrain and Egypt cut diplomatic and economic ties with Qatar, accusing Qatar of supporting extremism. The measures are of unprecedented severity in modern GCC diplomacy with adverse consequences for Qatar, not least for its reputation as a business and international and regional transit hub and as host for international events, including the 2022 World Cup. While efforts at mediation are underway, it will be difficult to bridge the gap between Qatar and Saudi Arabia and its closest allies. At the root of the dispute is a fundamental difference in foreign and regional policy. Further escalation is unlikely, but the dispute will not be resolved anytime soon - unless Qatar makes some very painful concessions. Therefore, oil and gas markets should prepare for a flow of headline news, which could induce erratic volatility, despite the impact of the current escalation on oil and gas market fundamentals being rather limited. We expect no impact on oil market balances and there is no indication that Qatar’s exports of LNG, oil or NGLs will be impeded, though we could witness some redirection of LNG trade flows. While the impacts of the current escalation on energy markets are likely to be limited, the same can’t be said for the stability of the Middle East. The region is already undergoing a ‘regional’ civil war, which has fragmented countries, created new geographical boundaries, weakened the authority of central governments and increased the power of non-state actors. The current rift within the GCC, if not contained, will only amplify the ‘regional’ civil war, increasing the risk of further fragmentation, more intense proxy conflicts, and higher instability, which, whilst it may not have a direct impact on immediate oil and gas supplies, may well impact the long-term productive potential of the region.
                    [post_title] => Feud Between Brothers: the GCC rift and implications  for oil and gas markets
                    [post_excerpt] => 
                    [post_status] => publish
                    [comment_status] => closed
                    [ping_status] => closed
                    [post_password] => 
                    [post_name] => feud-brothers-gcc-rift-implications-oil-gas-markets
                    [to_ping] => 
                    [pinged] => 
                    [post_modified] => 2017-06-07 16:29:09
                    [post_modified_gmt] => 2017-06-07 15:29:09
                    [post_content_filtered] => 
                    [post_parent] => 0
                    [guid] => https://www.oxfordenergy.org/?post_type=publications&p=30433
                    [menu_order] => 0
                    [post_type] => publications
                    [post_mime_type] => 
                    [comment_count] => 0
                    [filter] => raw
                )

        )

    [post_count] => 2
    [current_post] => -1
    [before_loop] => 1
    [in_the_loop] => 
    [post] => WP_Post Object
        (
            [ID] => 46816
            [post_author] => 974
            [post_date] => 2023-12-07 12:10:33
            [post_date_gmt] => 2023-12-07 12:10:33
            [post_content] => European gas balances look comfortable heading into the winter on the back of record storage levels. European hub prices have stabilized since April and absent a major supply outage, 100 Bcm of storage stocks at the start of December means there is no prospect of any physical shortage this winter. We expect gas demand to remain subdued through the winter, despite some apparent recovery in industrial and commercial consumption in the second half of 2023. The main drivers of this subdued demand will be low gas use in the power sector given the combined impacts of the weak macroeconomic outlook; a recovery in French nuclear output; and higher hydro and other renewables generation. But limited supply flexibility means there are risks to this outlook and most of those are bullish price. A surge in European gas demand driven by colder weather or curtailment of LNG supplies would spike storage withdrawals, lifting prompt gas prices and requiring higher storage fills in mid-2024.
            [post_title] => European Gas Market Supply & Demand: Winter Outlook 2023/24
            [post_excerpt] => 
            [post_status] => publish
            [comment_status] => closed
            [ping_status] => closed
            [post_password] => 
            [post_name] => european-gas-market-supply-demand-winter-outlook-2023-24
            [to_ping] => 
            [pinged] => 
            [post_modified] => 2023-12-07 12:10:33
            [post_modified_gmt] => 2023-12-07 12:10:33
            [post_content_filtered] => 
            [post_parent] => 0
            [guid] => https://www.oxfordenergy.org/?post_type=publications&p=46816
            [menu_order] => 0
            [post_type] => publications
            [post_mime_type] => 
            [comment_count] => 0
            [filter] => raw
        )

    [comment_count] => 0
    [current_comment] => -1
    [found_posts] => 2
    [max_num_pages] => 0
    [max_num_comment_pages] => 0
    [is_single] => 
    [is_preview] => 
    [is_page] => 
    [is_archive] => 1
    [is_date] => 
    [is_year] => 
    [is_month] => 
    [is_day] => 
    [is_time] => 
    [is_author] => 
    [is_category] => 
    [is_tag] => 
    [is_tax] => 
    [is_search] => 
    [is_feed] => 
    [is_comment_feed] => 
    [is_trackback] => 
    [is_home] => 
    [is_privacy_policy] => 
    [is_404] => 
    [is_embed] => 
    [is_paged] => 
    [is_admin] => 
    [is_attachment] => 
    [is_singular] => 
    [is_robots] => 
    [is_favicon] => 
    [is_posts_page] => 
    [is_post_type_archive] => 1
    [query_vars_hash:WP_Query:private] => 68ba73c56c0204a5516e958a2c746b21
    [query_vars_changed:WP_Query:private] => 
    [thumbnails_cached] => 
    [allow_query_attachment_by_filename:protected] => 
    [stopwords:WP_Query:private] => 
    [compat_fields:WP_Query:private] => Array
        (
            [0] => query_vars_hash
            [1] => query_vars_changed
        )

    [compat_methods:WP_Query:private] => Array
        (
            [0] => init_query_flags
            [1] => parse_tax_query
        )

)

Latest Publications by Bill Farren-Price