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
The large contraction in oil demand due to the spread of COVID-19 and the dissolution of the OPEC+ agreement has combined to generate large shockwaves through oil and financial markets. The impact on prices and balances has been severe with Brent and WTI falling by more than 50% over two weeks in March 2020. Daily Brent tumbled to […]
This issue of the Forum looks at the medium-term oil supply outlook in the Middle East and North Africa. Middle East and North Africa (MENA) oil producers are expected to increase oil production capacity by 5.7 per cent over the next five years (up to 2025), to 33.5 million barrels per day (mb/d) from the […]
With the market having shrugged off the latest escalation between the United States and Iran, some of the aftershocks of recent events have heightened the risk of future US-Iran rivalry playing out in Iraq – OPEC’s second largest producer and a key source of oil supply growth out to 2030. Next month’s decision by Washington […]
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 […]
Stern quoted on gas markets: It is not just those with highest costs it is also those whose governments and banks w… https://t.co/EPpseCB1CB
To ensure all views have been heard the German regulator has consulted other EU member states while considering a d… https://t.co/FJ6EJXzzRh
Bloomberg reports on Singapore’s Pavilion issuing the world’s first LNG tender with carbon neutral goal. See Jonath… https://t.co/zHa1NTmvdF
Under Russian proposal of rollover of previous cuts Brent prices would still have fallen sharply to low $30 & by mo… https://t.co/5CHoUDCQpI