Publications

OIES researchers publish in peer-reviewed academic journals as well as producing or authoring policy briefs, technical reports, and op-eds. Below is a selection of non-OIES publications by OIES staff.

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  • Oil Pricing Systems

    By: Paul Horsnell

    The broad details of how oil is priced in the world market have remained the same for more than thirteen years. Indeed, the current system has now survived for as long as direct setting of an administered price by OPEC did. The system itself may have been stable, but the past thirteen years have seen […]

  • Gas Power Stations in Norway: Environmental Policy or Political Power Game?

    By: U. Bartsch

    In many respects, Norway is not like other countries. It is large, sparsely populated, very rich, mountainous like Switzerland, oil-exporting like Kuwait, and has a citizenry which, in many instances, wants to see rather more than less state involvement in its affairs. And for the last two years the country had a government, under Kjell […]

  • OPEC: Hard Choices

    By: Robert Mabro

    This article appeared in Middle East Economic Survey Vol XLIII, No 11, 13 March 2000. The oil-exporting countries spent fifteen months (January 1998-March 1999) to agree upon and implement production cuts of the magnitude required by a sceptical and intemperate market for correcting the declining trend in prices. They all knew that a small percentage […]

  • The Kyoto Protocol: Does US Ratification Really Matter?

    By: Benito Müller

    A growing number of mainly US analysts and academics have voiced their opinion that the UN Protocol concerning the reduction of greenhouse gas emissions adopted in Kyoto on 11 December 1997 is doomed to failure because of US Congress hostility. Indeed, it does not seem very likely that Congress will ratify the Kyoto Protocol at […]

  • The Governance of International Oil: The Changing Rules of the Game

    By: B. Mommer

    Most people still believe that the big international oil Companies dominate the governance of world oil. This is not surprising since these companies continue to be amongst the largest in the world and through most of the twentieth century their power has been unchallenged. Their eclipse inside the exporting countries by the national oil companies […]

  • A Little Bit of Opening Up: The Middle East Invites Bids by Foreign Oil Companies

    By: K. Bindemann

    In mid-November Kuwait held a conference on ‘The Role of International Oil Companies in the Development of Oilfields in Kuwait’. More than 200 executives from foreign oil companies (FOCs) shared what was, according to observers, a lively and open debate with the Kuwait Petroleum Corporation (KPC), Kuwaiti parliamentarians and government representatives. One of the aims […]

  • Suspending Sanctions on Iraq: Make Haste, Slowly

    By: Robert Mabro

    Iraq’s decision on 22 November to suspend oil exports, helping to send oil prices to highs not seen since the Gulf war, underscores the continuing turmoil surrounding international policy on Iraq. By all accounts the UN economic sanctions imposed on the country nine years ago after the invasion of Kuwait have reduced it to hardship. […]

  • A Line in the Sand

    By: Juan Carlos Boué

    Without a doubt, 1999 has been an eventful year for the international oil industry, even when judged against the standards of the recent past. However, even in this year of extraordinary goings-on (OPEC shaking off its decade-long torpor, Saudi-Iranian rapprochement, the about face in Venezuelan oil policy brought about by the accession of Hugo Chávez […]

  • Trading Natural Gas in the UK

    By: Liz Bossley

    The objective of this paper is to provide an overview of the UK1 gas market, how it has developed, where it stands currently and how it is likely to develop in the future. It provides a historical context in which to place the various contractual mechanisms by which gas is traded and points out some […]

  • Production-Sharing Agreements: An Economic Analysis

    By: K. Bindemann

    Production-Sharing Agreements (PSAs) are among the most common types of contractual arrangements for petroleum exploration and development. Under a PSA the state as the owner of mineral resources engages a foreign oil company (FOC) as a contractor to provide technical and financial services for exploration and development operations. The state is traditionally represented by the […]

  • Managing Oil Prices within a Band

    By: Robert Mabro

    Oil prices fell to very low levels during the January 1998 – March 1999 crisis. The oil-exporting countries sought to redress the situation by repeated attempts to impress the market with production cuts. The first attempt, made in March 1998, did not produce the desired price effect. The second attempt, in June 1998, was equally […]

  • Should OPEC Now Raise its Output Quotas?

    By: Robert Mabro

    A. The Oil Price Saga How far is Tipperary? Well, the answer to this question depends first and foremost on where you happen to be when you enquire. In the same vein we can ask: `How high are oil prices today?’ And we would then answer the question by a further question: `What is your […]