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.
Structural reforms outlined in Vision 2030 are much needed to shift the economy to a more sustainable path and even if only a small part of Vision 2030 is being implemented, the Saudi economy will look very different in 2030 than it does now. The key question is whether these changes will have a substantial […]
China’s 13th Five Year Plan (13FYP) outlines the country’s economic transformation for the coming five years and beyond. As the main blueprint for China’s ‘rebalancing’, it will impact economic growth and energy demand patterns. China’s economic growth is slowing, and the economy is now clearly shifting from an export oriented growth path to a more […]
The sharp fall in the oil price has divided views about the nature of the latest oil price cycle. Some argue that the oil market has been subject to structural shocks that have created a ‘new global oil order’ and that we have entered a world of ‘low oil prices for much longer’. Others are […]
Many oil producing countries in Latin America (Mexico, Colombia, Argentina, Venezuela and Brazil) are experiencing supply stagnation or decline challenges, potentially weakening the global oil market relevance of this region in the long-term. In 2015, investments in the Latin American oil sector fell by 19%. The oil price drop since mid-2014 has clearly been playing […]
The standard political economy explanation for the persistence of energy subsidies in the Middle East has emphasised governments’ fear of political unrest as the main obstacle to reform. This paper sheds a new light on the issue by analysing how unintended beneficiaries, such as the military, traders, and crony businessmen have reaped major benefits from […]
At the end of 2014 and the beginning of 2015, multiple GCC countries increased energy prices and hinted at a longer-term reform of the subsidy system. Truly reforming the subsidy system (as opposed to a one time increase due to favourable political economy conditions) would signify a remarkable shift in the implicit social contract that […]
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
Figure from a new OIES study on Russia-China energy relations https://t.co/mnJ1cRVVnK https://t.co/VwbVzdjpnw
.@katyafimava Polish objection may well not be last hurdle that #Nordstream2 would have to overcome @AAEnergyNews https://t.co/UBbQ5O3IQm
EU's energy hopes for Algeria tied to leadership change https://t.co/gMjcn9JbXy via @POLITICOEurope