Oil & the Middle East Programme

Oil & the Middle East Programme

The Oil and the Middle East 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 has expanded to include major non-OPEC producing regions such as North America and Russia, and emerging energy markets such as China and India.

The programme’s research activities centre around its four main thematic branches:

Global Oil Market Dynamics

This research stream encompasses the study of oil price cycles, evolution of pricing benchmarks, behaviour of oil market participants, the impact of new supply sources on market dynamics, producer-consumer relations, and international oil and product trade flows.

Production

Research under this stream relates to the economic prospects for conventional and unconventional production in the world’s major producing economies as well as newly emerging provinces, and includes the Middle East, Africa, North America and Russia. It covers topics such as the evolution of fiscal regimes.

Consumption and the Development of Emerging Energy Markets

The programme’s third main research stream focuses on emerging centres of energy demand outside traditional OECD energy consumers. Research under this stream analyses demand and supply patterns in emerging energy markets, including Russia, India, China, Latin America and Africa.

Policy and the Economics of Resource Rich Economies

The fourth key area of research concentrates on the management of natural resource wealth within resource-rich economies, including resource-based development strategies and economic growth, distribution of natural resource rents, challenges related to domestic demand growth, diversification, and the deployment of renewables.

Research is disseminated via a dedicated research paper series, short energy comments and contributions to academic journals and specialised publications, in addition to a book series published by Oxford University Press. Members of programme staff have also been involved in a range of international collaborative publications, including the United Nations Development Programme (UNDP), the International Energy Agency (IEA) and the International Energy Forum (IEF). The Programme’s research group is composed of core staff, and draws on a network of external contributors from a wide range of disciplinary and professional backgrounds.

Latest Publications from the Oil & the Middle East Programme

  • Oxford Energy Podcast – Current Trends in the US Shale Oil Industry

    James Henderson and Trisha Curtis, the CEO and founder of PetroNerds and a visiting fellow at OIES, discuss her forthcoming paper on current trends in the US shale oil industry. Following recent industry concerns that productivity and well performance might be set to undermine the future production outlook, Trisha outlines her view that in fact […]

    By: OIES

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  • OPEC Choices are Getting Harder and Harder

    Oil market sentiment has turned very bearish over the last few weeks. The Brent price has fallen from highs of above $80/barrel in October to currently trading close to $60/barrel, global economic prospects have become highly uncertain, Saudi Arabia’s production is at record level of above 11.1 mb/d in November, Russia and other OPEC+ members […]

    By: Bassam Fattouh Andreas Economou

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  • What Next for Asian Benchmarks? – A Footnote

    Since October 2018 Saudi Aramco has used the DME Oman daily settlement price in its pricing formula for Asian customers. The DME Oman futures contract settles daily, based on a weighted average of trades between 16.25 and 16.30 Singapore time (often referred to as a ‘window’). In line with the usual timing of Asian oil […]

    By: Adi Imsirovic

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Latest research from the Oil & the Middle East Programme

  • Challenges in Economic Diversification in the MENA Countries

    Economic diversification has been a continuous topic of debate in the MENA economies. However, of late a sense of urgency has arisen around it due to two factors; rapid structural changes in global oil markets and structural shifts in oil trade flows, and, assertions around ‘peak demand’ with the world on the brink of another […]

    By: Bassam Fattouh Anupama Sen

  • Gulf NOC strategies in Asia

    Confronted with slowing demand for crude oil, NOCs are increasingly diversifying from the upstream and investing in the downstream sector both in their home markets and in consuming countries to ensure market share. Already more than 75 percent of Gulf NOC oil exports are destined for Asian markets, and more than 70 percent of new […]

    By: Loftur Thorarinsson

Contact Us

We are interested in hearing from students and researchers working on oil and the Middle East academically worldwide. For information about the programme and questions, please email;

Anupama Sen

 

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