The Oil Research Programme, established in 2009, has cemented its reputation as a leading source of academic research on oil market issues. The Programme’s research group continues to produce high-quality empirical oil market research of international significance based on its core understanding of oil market dynamics and price cycles, the behaviour of oil market participants and strong background on the policy and economics of the resource-rich economies.
The programme’s research activities centre around its three main thematic branches:
Global Oil Market Dynamics
- Short-term oil market outlook (2-years ahead)
- Regional and sectoral analysis of global oil demand
- OPEC+ output policy, behaviour and production paths
- Non-OPEC supply w/ focus in North American liquids
- Geopolitics
- Trade flows and cracks
- Global balance and stocks
Oil Price Outlook and Balance of Risks
- Oil price outlook and risks
- Forecast scenarios analysis
- Oil Market Sentiment Index
- Price drivers and market sentiment decomposition
Long-Term Global Oil Market Research
- Energy transition and oil exporter’s strategies
- Long-term oil demand and oil products analysis
- Long-run oil prices
- Future of oil price benchmarks
Oil research is disseminated via technical research papers, short energy comments, contributions to academic journals and specialised publications, and topical presentations, as well as podcasts and webinars, and has a global reach and visibility on media outlets and social media platforms.
Since January 2021, the Oil Programme launched a dedicated OIES Oil Monthly report series that offers a timely and comprehensive understating of key oil market issues, and a forward-looking perspective of key oil trends and future challenges, based on high-quality empirical research. The Oil Monthly report features our short-term oil market forecasts up to two years ahead for oil supply and demand by region/country and key product category, as well as for oil price dynamics and risks, and in-depth analysis of key trends affecting the global oil markets, refining activity and trade flows. The Oil Monthly series is accompanied by a dedicated database with projections of some 50+ data series including the underlying price forecast scenarios of the report, updated on a monthly basis.
Team
Head of Oil Research
Research Fellows & Associates
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; Andreas Economou
Latest Publications from the Oil Research Programme
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19.04.24Listen to Podcast
OIES Podcast – Follow the Money: Understanding Russia’s oil and gas revenues
In this latest podcast from the Gas Programme, James Henderson talks to Vitaly Yermakov about his March report ‘Follow the Money: Understanding Russia’s oil and gas revenues’ which tracks hydrocarbon export revenues and the significant part they play in public finances. Russia’s oil and gas revenues have proven volatile in recent years – on top […]
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16.04.24
OIES Oil Monthly – Issue 33
The new issue of OIES Oil Monthly, including our latest short-term oil market outlook to 2025, is now available. – Tighter-than-expected balances compounded by heightened geopolitical risks have prompted us to raise our Brent price forecast by $2.5/b to $85.4/b in 2024 and by $1.6/b to $81.0/b in 2025. Our Brent price forecast revisions this […]
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25.03.24Download Publication
Outlook for Russia’s oil and gas production and exports
Oil and gas revenues have underpinned the Russian economy for decades. As a result, they are an obvious target for sanctions from countries wishing to punish Russia for the annexation of Crimea in 2014 and the invasion of Ukraine in 2022. However, the impact of hydrocarbons from Russia on the world energy market is so […]