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
OPEC is faced with a wide range of uncertainties, which are perhaps best reflected in the gulf in narratives between the bulls and the bears. For the bulls, OPEC is in a strong position: the declines in non-OPEC supply are structural while the slowdown in global economic growth is temporary. Based on this view, a […]
In a series of recent speeches and interviews, a consistent message coming from Saudi Aramco is that ‘future profit growth will be more from diversification into integrated oil refining and petrochemicals, besides natural gas production and supply for both the domestic and international markets’. But what about opportunities in the upstream oil sector and the […]
In just over a week, the theoretical cost of taking a barrel of oil from the Gulf to Asia, in the cheapest possible way, rose by $6 per barrel. At a time when refinery margins are in single digits, this is a major blow to refinery profitability. The US administration’s decision to sanction two subsidiaries […]
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 paper on Russia-Ukraine gas transit talks: Nord Stream (Greifswald) and YamalEurope (Kondratki) pipelines… https://t.co/zezfP5Xscu
Meidan quoted on China’s use of coal in power sector: While installed renewable capacity is rising rapidly, there a… https://t.co/CZZkK54YkQ
Russia-Ukraine gas transit talks: risks for all sides https://t.co/FW2SC9q6Yw
Michal Meidan quoted on China’s gas growth: The outlook is certainly not bearish, but if markets have factored in 1… https://t.co/0kB7l2wOSF