The Oil and the Middle East Research 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.
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; Bassam Fattouh
In this podcast David Ledesma discusses a recent OIES Energy Insight on MENA oil exporting countries’ diversification strategy under deep uncertainty with the co-author Bassam Fattouh. They cover a range of issues including how Middle East oil exporters are coping with the double shocks of COVID-19 and low oil prices; what measures they are taking […]
Following the sharp price recovery in May/June which saw daily Brent rebounding above $40/b in June 5 from $19/b in April 21, before holding remarkably steady in the $40/b and $45/b in the course of July/August, September saw prices breaking on the downside of this range and trading below $40/b for the first time since […]
Oil exporting countries are exposed to long-term challenges related to the energy transition and increased uncertainty about the prospects of oil demand. A key challenge for oil-exporting countries is the potential loss of a key source of revenues, which is essential for the smooth functioning of their economies. Another challenge is the ability to monetize […]
In an effort to increase oil export revenue and to meet local electricity demands, the Kuwaiti government is planning to replace the majority of crude and petroleum products with imported liquefied natural gas (LNG) in its power generation by 2030. The basic motivation for this plan is that it will enable freeing crude and petroleum […]
The proposal is to write a series of papers around the theme of how well-adapted MENA institutions and sector governance are to undertaking and facilitating an economically-optimal energy transition, in the face of increasingly disruptive technologies in the electricity sector (particularly solar, windpower, and energy storage). By “disruptive” technologies it is meant those technologies whose […]
In this podcast David Ledesma discusses with Bassam Fattouh a recent OIES Energy Insight on MENA oil exporting coun… https://t.co/KFGoCBk17v
Oxford Energy Podcast – MENA oil exporting countries’ diversification strategy under deep uncertainty https://t.co/bP4ryaKAEt
Latest Gas Quarterly provides regular review of price trends in natural gas & LNG markets and factors shaping gas m… https://t.co/tPC5p9i3j8
Poudineh on how the traditional regulatory model of network companies which focuses on cost efficiency is ineffecti… https://t.co/I3kPdmLgZB