This paper explores how the oil price path could evolve in 2017 by assessing the various oil price risks under alternative forecast scenarios pertaining to future market conditions. It is shown that even without the...Lees verder
Since the OPAL pipeline started operating, more than five years ago, Gazprom has been unable to use more than 50 per cent of its capacity – even if such was not required by third parties...Lees verder
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. …. Lees verder
It is well known that Russia is heavily dependent on its energy sector, from both an economic and a political perspective. As a result, the fall in the oil price over the past two years...Lees verder
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...Lees verder
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...Lees verder
Driven by rapidly increasing electricity demand, Southeast Asia coal demand has surged since 2010. The availability of coal in the region, and its lower cost than competing fuels, has made coal the preferred option to...Lees verder
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...Lees verder
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...Lees verder
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...Lees verder
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...Lees verder
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...Lees verder
The softening of European hub prices and Asian LNG spot prices in early 2014, followed by the plunge in oil prices later that year has created an extremely challenging business environment for the LNG industry. ...Lees verder
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...Lees verder
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...Lees verder
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...Lees verder
Iraqi oil production outperformed expectations in 2015, after numerous years of disappointing growth. Iraqi production, including output from the semi-autonomous Kurdish region, rose by 0.62 mb/d to above 3.9 mb/d in 2015, the fastest growth...Lees verder
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...Lees verder
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...Lees verder
Investigating bottlenecks in pipeline flows by modelling history. This paper brings together findings from previous OIES research on European gas hub price correlation by Beatrice Petrovich with demonstrated capability in European gas transmission system modelling by...Lees verder
