Energy Comments 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.

Sort by:

  • What to Make of Saudi Arabia’s Recent Shift in its Output Policy?

    By: Bassam Fattouh , Andreas Economou

    After a sharp rise in April/May this year, which saw Brent trading at above $80/barrel for several days, the upward pressure on the oil price eased in July with the Brent structure flipping into contango. This may have come as a surprise to many analysts who were expecting oil prices to continue on their upward […]

  • What Next for Asian Benchmarks?

    By: Bassam Fattouh

    Earlier this month, Saudi Aramco announced that from October 2018 it will be changing the pricing formula it uses to price its long-term crude oil sales to Asia. Rather than using the equally weighted average prices for Dubai and Oman as assessed by pricing agency S&P Global Platts (referred to in this article as Platts […]

  • The US Exit from the JCPOA: What Consequences for Iranian Energy?

    By: David Ramin Jalilvand

    On May 8, the United States announced their immediate and full withdrawal from the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA). This came with the re-imposition of all nuclear-related US sanctions and possibly several new sanctions. It is common knowledge that before implementation of the JCPOA in January 2016, […]

  • The Oil Market’s Mixed Price Signals

    By: Bassam Fattouh

    Recent movements in oil prices, time spreads, and physical differentials have been sending some mixed signals both about current and long-term market fundamentals. This may reflect heightened uncertainty as well as a wide divergence of expectations about key factors shaping the oil market, both in the short-term and the medium-term, including the size of potential […]

  • Capacity mechanisms in EU Law: A comment on the free movement of goods

    By: Kaisa Huhta

    The EU internal market in electricity is experiencing challenges in ensuring resource adequacy through the operation of the energy-only market alone. To guarantee the uninterrupted availability of affordable electricity, many Member States have adopted national capacity mechanisms, which compensate for the availability and readiness of existing and forthcoming generation capacity to supply electricity.  These national […]

  • Is this the end of the OPEC+ deal?

    By: Bassam Fattouh

    President Trump’s recent decision to exit the Joint Comprehensive Plan of Action (JCPOA) and the expectation therefore of the loss of Iranian barrels has brought the fate of the OPEC+ deal to the fore. For some analysts, this signifies that ‘the current OPEC deal will end by end-2018’ while for others the impact may be felt as […]

  • Market liberalization and decarbonization of the Russian electricity industry

    By: Alexey Khokhlov , Yury Melnikov

    Two decades from the start of the Russian electricity sector’s reform, outcomes are disappointing for those who favour liberalization and decarbonization. On the one hand, the swing towards a liberalized market from the former centrally planned state owned monopoly has been reversed; large state-controlled corporations now dominate the industry landscape. On the other hand, the […]

  • Ukrainian Gas Transit: Still Vital for Russian Gas Supplies to Europe as Other Routes Reach Full Capacity

    By: Jack Sharples

    With European gas import demand having risen substantially since 2014, Gazprom has dramatically increased its sales on the European market. In Q1 2018, Gazprom reported record daily gas exports to Europe in late February and early March. This Comment addresses the question of how those volumes were delivered to the market, and the extent to […]

  • Saudi Arabia: Shifting the Goal Posts

    By: Bassam Fattouh

    While the market has been focused on short-term issues such as OPEC’s success in rebalancing the market in 2018; its exit strategy after the expiry of the deal; and the risk that the market over-tightens, OPEC and its dominant player Saudi Arabia have been keen to shift the market focus towards the longer term. The […]

  • Disruptive Change in the Transport Sector – Eight Key Takeaways

    By: OIES

    The Oxford Institute for Energy Studies held a Work​shop – the first of a series – on ‘Disruptive Change in the Transport Sector’ in relation to its impact on energy use in private transport. Participants included experts from the energy, auto, mobility, and technology sectors. This document summarises eight key takeaways from the Workshop discussions: Despite many government announcements […]

  • Reflection on the Baumgarten Gas Explosion: Markets are Working

    By: Thierry Bros

    On the morning of 12 December (9:00 CET), an explosion at the major European gas hub at Baumgarten in Austria forced the operator to close the gas facility. Italian gas prices surged as a result to 80€/MWh or 27$/MMBtu and Italy declared a state of emergency regarding energy supplies. Flows restarted later the same evening […]

  • OPEC’s Hard Choices

    By: Bassam Fattouh

    Oil market sentiment has shifted considerably over the last few weeks. Brent is trading above $60 per barrel, the major benchmarks are in backwardation, stocks have been falling towards the five-year average, global oil demand remains strong, financial positioning is at record length, OPEC and non-OPEC compliance has been high, the additional Nigerian and Libyan […]

Latest Tweets from @OxfordEnergy

  • LNG in marine transport – is it about to become the environmentally-friendly fuel of choice? https://t.co/iN1e4pdLX7

    September 18th

  • OIES presentation quoted on impact of Iranian sanctions: oil market backdrop different with crude stocks below 5-ye… https://t.co/rwJaHHwzbk

    September 15th

  • OIES’s @thierry_bros on the need to move from oil to energy storage for the benefit of all - https://t.co/8yAzoF3pf4

    September 14th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.