Energy Policy Publications

The results of OIES research is published as working papers, energy comments, presentations and articles as well as commercially published books and monographs. The views expressed in all OIES publications are those of the authors and do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its Members.

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  • The Phases of Saudi Oil Policy: What Next?

    By: Bassam Fattouh

    This presentation delivered at the Department of Business, Energy & Industrial Strategy (BEIS) analyses the main factors shaping Saudi oil policy and the various phases of the Kingdom’s oil policy since the 2008 financial crisis. It is possible to identify four such phases: 1) In the aftermath of the 2008 financial crisis, Saudi Arabia decided to cut output in the face of a temporary demand shock […]

  • Iranian Energy: a comeback with hurdles

    By: David Ramin Jalilvand

    One year ago, on 16 January 2016, the Iran nuclear deal was formally implemented. Officially known as the Joint Comprehensive Plan of Action (JCPOA), the deal was concluded in July 2015 between Iran and the ‘E3+3’, which comprises France, Germany, and Great Britain, China, Russia, and the United States. In essence, the JCPOA allows for […]

  • The Future of Gas in Decarbonising European Energy Markets – the need for a new approach

    By: Jonathan Stern

    The European gas industry has argued that gas can be a bridging fuel in the transition to decarbonised energy markets because of the advantages of switching from coal to gas, and the role of gas in backing up intermittent renewable power generation. While this remains a logical approach for some countries, in others it has […]

  • EU energy policy – 4th time lucky?

    By: David Buchan , Malcolm Keay

    The European Commission has tabled a mega-package of legislative proposals to complete its blueprint for Europe’s Energy Union. Billed as “the biggest transformation of Europe’s energy system since the building of its centralised energy system a century ago”, the draft legislation aims to accelerate decarbonisation by adapting the electricity market to decentralised and intermittent renewables, […]

  • Room for cynicism and hope in Russia’s deal with OPEC

    By: James Henderson

    Although relations between Russia and Saudi Arabia have improved since the debacle in Doha in April 2016, it is clear that both sides will be watching each other carefully over the next few months. The fact that both have made their own implementation of a production cut dependent on the performance of the other suggests that […]

  • China’s loans for oil: asset or liability?

    By: Michal Meidan

    China’s leaders have long been concerned with the strategic vulnerabilities associated with rising oil imports. In their efforts to hedge against these, Chinese policy banks have handed out loans that are repaid with oil. By 2015, repayment for these loans generated 1.4-1.6 mb/d of crude and fuel oil deliveries from Venezuela, Russia, Brazil, and Ecuador […]

  • India’s Upstream Revival – HELP or Hurdle?

    By: Anupama Sen

    Following several years of stagnation, India’s government is attempting to revive its upstream exploration sector through the launch of a new Hydrocarbon Exploration Licensing Policy (HELP), comprising a set of measures including: a single licence for conventional and unconventional hydrocarbons, open acreage licensing, a revenue sharing model, and commercial and marketing (pricing) freedom. The policy […]

  • Has Ukraine scored an own-goal with its transit fee proposal?

    By: Thierry Bros

    The issue of gas transit through Ukraine remains a crucial commercial and political concern, given the current debate over the future of Nord Stream 2 and the gradual approach of 2019, when the current contract between Gazprom and Naftogaz will expire. In this short note we examine Naftogaz’s latest tactic, which has been to increase […]

  • Energy subsidy reforms and the impacts on firms: Transmission channels and response measures

    By: Jun Rentschler , Martin Kornejew

    While the adverse effects of energy price increases following reforms are increasingly well understood for households, the existing literature has largely ignored the effect of subsidy reform on firms. This paper argues that this is a gap in the evidence base that must be addressed, in order to design and deliver reforms more effectively. In […]

  • OPEC Deal or No Deal? This is Not the Question

    By: Bassam Fattouh , Amrita Sen

    This comment argues that while Saudi Arabia has shown willingness to cooperate, this does not imply that the fundamentals of Saudi oil policy have necessarily changed nor that the kingdom would accept any deal irrespective of the key principles that have been guiding Saudi oil policy so far. Based on its historical record, it is […]

  • South American Gas Markets and the role of LNG

    By: Anouk Honoré

    South America has long been isolated from other natural gas markets, focusing instead on achieving self sufficiency and regional integration. As a consequence, it has never been at the centre of discussions in the natural gas industry until the region decided to turn to Liquefied Natural Gas (LNG) in 2008 following shortages of natural gas […]

  • The Low-Cost OPEC Cycle: The Big Elephant in the Room

    By: Bassam Fattouh

    In 2015, oil demand growth, which surprised on the upside, was responsible for most of the adjustment in the oil market imbalance. In 2016, oil demand growth started slowing down and the baton of adjustment passed to non-OPEC supply, particularly US shale, which has declined sharply in recent months. So far, the OPEC cut feedback […]

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