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 Bassam Fattouh and Adi Imsirovic discuss with David Ledesma the effects of the demand shock on oil benchmarks. The sharp contraction in demand has stressed the oil markets to the core causing massive oversupply which has quickly overwhelmed available storage. These have exposed the weaknesses in some benchmarks and the widened divide […]
The long-term impact of the Covid-19 crisis on various industries, including oil trading, remains highly uncertain. While some uncertainties, such as the magnitude of the demand destruction for petroleum products and the pace of global storage saturation are known unknowns, other consequences could come as a shocking surprise. It is very unlikely that any of […]
April 2020 will be remembered as the bleakest month in the history of oil markets in terms of balances and prices. But looking ahead, there are signs of improvement both on the supply and demand fronts, though from a very low base. Many countries have started to ease the coronavirus-induced lockdowns which is expected to […]
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 […]
Bassam Fattouh quoted in the FT on OPEC choices in the coming meeting: OPEC realises that in an environment of extr… https://t.co/L5lg31S6Xv
Mehdi quoted in Bloomberg on how China is getting its hooks deeper into Middle East oil supplies: The Chinese have… https://t.co/3MeFC5ee1B
Oxford Energy Podcast – European Traded Gas Hubs: the supremacy of TTF https://t.co/3yyTHJFFD8
Jonathan Stern quoted in Bloomberg on how natural gas may be the next commodity to trade below zero: It may require… https://t.co/SbhRIwgVPP