The Oil Research Programme, established in 2009, has cemented its reputation as a leading source of academic research on oil market issues. The Programme’s research group continues to produce high-quality empirical oil market research of international significance based on its core understanding of oil market dynamics and price cycles, the behaviour of oil market participants and strong background on the policy and economics of the resource-rich economies.
Oil research is disseminated via technical research papers, short energy comments, contributions to academic journals and specialised publications, and topical presentations, as well as podcasts and webinars, and has a global reach and visibility on media outlets and social media platforms.
Since January 2021, the Oil Programme launched a dedicated OIES Oil Monthly report series that offers a timely and comprehensive understating of key oil market issues, and a forward-looking perspective of key oil trends and future challenges, based on high-quality empirical research. The Oil Monthly report features our short-term oil market forecasts up to two years ahead for oil supply and demand by region/country and key product category, as well as for oil price dynamics and risks, and in-depth analysis of key trends affecting the global oil markets, refining activity and trade flows. The Oil Monthly series is accompanied by a dedicated database with projections of some 50+ data series including the underlying price forecast scenarios of the report, updated on a monthly basis.
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; Andreas Economou
The new issue of OIES Oil Monthly, including our latest short-term oil market outlook to 2024, is now available. – Our forecast for global oil demand growth remains roughly unchanged at 1.6 mb/d in 2023 and 1.7 mb/d in 2024. China’s stronger than anticipated turnaround in Q1 buoyed non-OECD growth for 2023 to 1.5 mb/d, […]
The new issue of OIES Oil Monthly, introducing our first oil market outlook for 2024, is now available. – We have upgraded Russia’s crude oil production by 340 kb/d to 10.57 mb/d in 2023 from the previous 10.23 mb/d forecast and expect Russian supply to average 10.44 mb/d in 2024, a y/y decline of 130 […]
On January 31st, 2023, S&P Global Commodity Insights (Platts) confirmed the inclusion of West Texas Intermediate (WTI) Midland in the forward Brent (BFOET) contract from June 2023 and provided further guidance. This followed the introduction of WTI Midland into Dated Brent in June 2022. In this podcast David Ledesma talks with Adi Imsirovic and Kurt […]
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