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.
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.
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.
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.
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.
This presentation delivered at the Department of Business, Energy & Industrial Strategy (BEIS) analyses the main factors shaping Saudi oil policy and the various phases of the Kingdom’s oil policy since the 2008 financial crisis. It is possible to identify four such phases: 1) In the aftermath of the 2008 financial crisis, Saudi Arabia decided to cut output in the face of a temporary demand shock […]
One year ago, on 16 January 2016, the Iran nuclear deal was formally implemented. Officially known as the Joint Comprehensive Plan of Action (JCPOA), the deal was concluded in July 2015 between Iran and the ‘E3+3’, which comprises France, Germany, and Great Britain, China, Russia, and the United States. In essence, the JCPOA allows for […]
Although relations between Russia and Saudi Arabia have improved since the debacle in Doha in April 2016, it is clear that both sides will be watching each other carefully over the next few months. The fact that both have made their own implementation of a production cut dependent on the performance of the other suggests that […]
Falling renewable energy capital costs, favorable policy environments, and concerns around the impacts of climate change have made renewable energy sources such as solar and wind the fastest growing source of electricity in many areas of the world. In the Gulf Cooperation Council (GCC) nations, additional drivers (such as desalination demands, substantial air conditioning loads, […]
Ethiopia has emerged to become one of the economic powerhouses in Africa with overall growth rates averaging around ten per cent in the past decade. As a growing political, economic, and transportation hub, it is rivalling neighbouring Kenya in Eastern Africa and provides investors on the Horn of Africa with a more stable business climate […]
Since mid-2014, Kuwait has experienced a substantial drop in its oil export price and, consequently, government revenues, which caused adverse impacts on its macroeconomic stability, fiscal position, and overall economic performance. Against this backdrop, cutting energy subsidies has become a top priority for the Kuwaiti government with many policy makers promising energy pricing reform as a […]
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;
The Oxford Institute for Energy Studies (OIES) invites applications for Short-Term Visiting Research Fellowships to work on self-directed studies on the energy policy, energy economics and the political economy of energy in the Gulf Cooperation Council (GCC) states. The Fellowship aims to enable academics, researchers and practitioners to spend a period of time conducting specific research at the Oxford Institute for Energy Studies. The appointment is for a period of up to six months during which time a pre-agreed project will be completed by the Visiting Research Fellow. For further details please click the following link; Visiting Research Fellow GCC Energy – further particulars
J Stern: Gas industry needs new arguments and a credible plan for its European future https://t.co/1CFidWZOF0
OIES study quoted on Ukraine Gas Transit:Increasing tariffs boosted development of pipelines threatening its economy https://t.co/2LbjHR9VK9
Bassam Fattouh presents 'The Phases of Saudi Oil Policy' to Department of Business, Energy & Industrial Strategy - https://t.co/b3YSKuHFqQ