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

  • Room for cynicism and hope in Russia’s deal with OPEC

    Although relations between Russia and Saudi Arabia have improved since the debacle in Doha in April 2016, it is clear that both sides will be watching each other carefully over the next few months. The fact that both have made their own implementation of a production cut dependent on the performance of the other suggests that […]

    By: James Henderson

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  • China’s loans for oil: asset or liability?

    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. By 2015, repayment for these loans generated 1.4-1.6 mb/d of crude and fuel oil deliveries from Venezuela, Russia, Brazil, and Ecuador […]

    By: Michal Meidan

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  • India’s Upstream Revival – HELP or Hurdle?

    Following several years of stagnation, India’s government is attempting to revive its upstream exploration sector through the launch of a new Hydrocarbon Exploration Licensing Policy (HELP), comprising a set of measures including: a single licence for conventional and unconventional hydrocarbons, open acreage licensing, a revenue sharing model, and commercial and marketing (pricing) freedom. The policy […]

    By: Anupama Sen

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Latest research from the Oil & the Middle East Programme

  • Ethiopia and frontier markets on the Horn of Africa

    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 […]

    By: Tim Steinecke

  • Beyond the Promise: Subsidies Reforms Assessment following Petroleum Price Declines in Kuwait through Economy-Wide Analysis

    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 […]

    By: Manal Shehabi

  • After the Boom: Angola’s Recurring Oil Challenges in a New Context

    Angolan oil production hit a peak of 2 million b/d in 2010 and averages around 1.85 million b/d since 2012, allowing the country to vie with Nigeria to be Sub-Saharan Africa’s largest crude producer. Sonangol is currently arguably one of the most powerful national oil companies on the continent, with regular access to the international […]

    By: Lucy Corkin

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

Short Term Visiting Research Fellowship

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

Latest Tweets from @OxfordEnergy

  • Chinese NOCs’ share in overseas production reached 1.7 mb/d & oil-backed loans generated estimated 1.4-1.6 mb/d… https://t.co/hqvvxZTFr3

    December 7th

  • New publication: Room for cynicism and hope in Russia’s deal with OPEC https://t.co/SqyAK5MzDC

    December 7th

  • New publication: China’s loans for oil: asset or liability? https://t.co/FZQCt72lzM

    December 5th

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