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
This paper analyses the history of oil production in Russia since 2016, including the impact of the OPEC+ agreements, and then looks at the short-term outlook for the period to 2025 from existing assets and known new fields. It then assesses the potential of a number of new areas for production growth, namely enhanced production […]
The sharp decline in the Brent price to below $60/barrel and the weakening of the oil demand outlook due to the US-China trade war has brought to the fore the issue of Saudi Arabia’s next move. There have been multiple media reports indicating that Saudi Arabia would not tolerate the latest price slide and that […]
On 22 July, 2019, US Secretary of State Mike Pompeo announced the US’s decision to impose sanctions on a Chinese trader, Zhuhai Zhenrong, and its chief executive for ‘knowingly purchasing or acquiring oil from Iran, contrary to US sanctions’. While the US State Department’s decision to designate a Chinese entity may be seen as a sign […]
The Middle East is one of the largest producers and exporters of crude oil globally. The majority of its oil flows east, into major refining centers located across China, India, Japan and a multitude of other Asian nations. The region’s plentiful and varied production of oil has historically been priced against two similar grades of […]
Over the past decade Iraq has doubled its production capacity to 5m b/d, propelling the country to the status of OPEC’s second largest producer. The launch of a new crude grade – Basra Heavy – in 2015 and the expansion of southern export infrastructure has allowed southern exports to ramp up (with seaborne liftings currently […]
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 […]
New OIES Forum on LNG in Transition: In Europe, competition boils down to Russian pipeline gas versus LNG as other… https://t.co/W4y4yFCr9Q
The #OPAL ruling lowers the chance of long-term post-2019 Ukraine transit contract by eroding a little goodwill lef… https://t.co/JN6Dc1VKpv
The LNG business is facing considerable uncertainties as it transitions to become a fully traded commodity. This O… https://t.co/eCWWVZNUZ0
Oxford Energy Forum – LNG in Transition: from uncertainty to uncertainty – Issue 119 https://t.co/dc1tMHKhEg