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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Historically the cornerstone of the LNG industry has been the long-term oil indexed contract with restrictions on destination flexibility. However, market liberalisation in North America, the UK and Northwest continental Europe, the temptation to make contracts more flexible to capture arbitrage upside and large volumes of destination flexible US LNG under development – have encouraged […]
As much of the world pushes ahead with the deployment of renewable energy, resource-rich MENA economies are lagging behind. For the region to catch up, new policies are required to remove barriers of entry to the industry and create investment incentives. This paper contends that while the main obstacles to deployment of renewables are grid […]
The objective of this paper is to analyse how contractual stabilization devices have evolved since the late 1990s, based on a survey of 20 countries and a review of the literature and evidence on stabilization clauses. Although fiscal stability is a commonly cited attribute of a desirable upstream petroleum regime, one of the commonly observed […]
In this presentation, given at the Bank of England, Bassam Fattouh looks at current developments in the oil market and explores some short and medium term prospects and concludes with the following observations: • It is important to be clear about causality; it is supply and demand imbalances that cause stocks to rise and for […]
Less than 10 years ago, at the height of the commodities boom, Brazil was all but assured a place as an oil world powerhouse following the discovery of oil in its subsalt basins. Much faith has been put in Brazil delivering the barrels needed to keep the medium-term oil market in reasonable balance. Whether it […]
This comment analyses the potential impact of the proposed Mexican energy reforms in light of the current state of Mexican oil production. It identifies the main themes behind the reforms and evaluates the prospects for shallow, deepwater and shale resources, along with the midstream and downstream sectors. The comment notes that while Mexico offers significant […]
In just seven years, the US shale gas and tight oil revolution has created significant new challenges and opportunities and a new known-unknown that energy market players and analysts must learn to deal with in the years to come. Among all the data and evidence at hand, this comment focuses around the following pieces of […]
This Review Note for the Sixth Meeting of the Green Climate Fund Board analyses the GCF Paper ?Policies and Procedures for the Initial Allocation of Fund Resources? (GCF/B.06/05) against the background of some of the main lessons drawn in a recently completed research project on resource allocation methodologies, as summarized in How will the Green […]
The Green Climate Fund is at a crossroads where it must choose between the traditional centralized or a novel devolved decision making model. The next meeting of the GCF in February will be key as it will for the first time be explicitly discussing enhanced direct access through (national) funding entities which has devolution of […]
This OIES Energy and Environment Working Paper is the third and final study on resource allocation which Dr Benito Müller has been engaged in over the past year – the previous papers being on the Allocation of (Adaptation) Resources: (September 2013) and on Quantity Performance Payment by Results: (July 2013). This Working Paper looks at […]
Nearly all countries whose exports are highly concentrated in fuel products fix their nominal exchange rate in order to protect the livelihoods of vulnerable workers in other sectors from exchange rate changes that could be caused by variations in international fuel prices. In this paper, we assess the impact that fuel price-induced exchange rate variability […]
This paper examines the implications of the rapid growth in US tight oil production for US and global energy markets. The behaviour of US crude markets is analysed, with a particular focus on changing arbitrage dynamics. The rapid growth in US tight oils production was not met with an equally fast response by the US […]
New OIES paper on European gas demand: 2017 was third consecutive year exhibiting strong natural gas demand growth… https://t.co/xnqkslgEaC
April 24th
Natural gas demand in Europe in 2017 and short term expectations https://t.co/VRkp7mw9aa
April 24th
An OIES study cited in an article discussing OPEC choices: any ‘mission accomplished’ rhetoric should be benchmarke… https://t.co/OjbKBNdAd3
April 23rd
