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 theme 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 programme’s 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.
Iraqi oil production outperformed expectations in 2015, after numerous years of disappointing growth. Iraqi production, including output from the semi-autonomous Kurdish region, rose by 0.62 mb/d to above 3.9 mb/d in 2015, the fastest growth since 2004 when Iraq’s oil sector was recovering after the US invasion. The growth was even more impressive at points […]
In 2015, oil demand growth, which surprised on the upside, was responsible for most of the adjustment in the oil market imbalance. In 2016, oil demand growth started slowing down and the baton of adjustment passed to non-OPEC supply, particularly US shale, which has declined sharply in recent months. So far, the OPEC cut feedback […]
As much of the world pushes ahead with the deployment of renewable energy, resource-rich MENA economies are lagging behind. For the region to catch up, new policies are required to remove barriers of entry to the industry and create investment incentives. This paper contends that while the main obstacles to deployment of renewables are grid […]
China’s leaders have long been concerned with the strategic vulnerabilities associated with rising oil imports. In their efforts to hedge against these, Chinese policy banks have handed out loans that are repaid with oil. At the same time, China’s national oil companies (NOCs) have been actively investing globally in upstream projects. The companies now have […]
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
‘Ahead of any meeting, OPEC members talk up own production prospects.I suspect Russia playing same game’ J.Henderson https://t.co/d11LojlTZn
J. Henderson, 'important to Kremlin that Rosneft remains a strong company as foreign & domestic policy relies on it' https://t.co/p6yFcWbEiO
'... a must-read for scholars of the EU or anyone interested in energy as a source of conflict or cooperation'… https://t.co/0QykN2hnU6