Oil & the Middle East Programme

Oil & the Middle East Programme

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.

The programme’s research activities centre around its four main thematic branches:

Global Oil Market Dynamics

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.

Production

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.

Consumption and the Development of Emerging Energy Markets

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.

Policy and the Economics of Resource Rich Economies

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.

Latest Publications from the Oil & the Middle East Programme

  • China’s Independent Refiners: A New Force Shaping Global Oil Markets

    China’s independent refiners account for roughly one third of the country’s downstream, yet for years, these private companies, nicknamed ‘teapots’ for their simple refining configuration, were virtually unknown to global crude markets. The independent refiners processed fuel oil as feedstock and, running at low utilisation rates, their retail market share in China was limited mainly […]

    By: Michal Meidan

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  • The IPO of Saudi Aramco: Some Fundamental Questions

    In the last few months, there has been a flurry of articles about the Initial Public Offering (IPO) of Saudi Aramco. While such articles offer a fresh perspective on the complexities involved in the IPO of Saudi Aramco, key issues are still missing in the debate. This short paper tries to fill some of these […]

    By: Bassam Fattouh Laurence Harris

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  • Oil Benchmarks: what next?

    For the trading community, 2017’s ‘IP week’ in London (20-23 February) was not just concerned with the forecast level of crude oil prices, but about how those prices are expressed, assessed ​and reported. Once again the security of international oil price benchmarks is a significant cause for concern.  In this comment, Liz Bossley argues that […]

    By: Liz Bossley

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Latest research from the Oil & the Middle East Programme

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;

Anupama Sen

 

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