• HRH Minister of Energy and HH Minister of Culture Inaugurate the Black Gold Museum in Riyadh

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    March 2026, we feature Axel Pierru, Vice President of Knowledge and Analysis at KAPSARC, with his article “Fiscal and External Breakeven Oil Prices are Broken Concepts – But They Can Be Fixed.” He explains why commonly used breakeven oil price measures can be misleading and how they can be improved to better inform decision-making.

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    This paper studies the 2022 breakdown in the short-run relationship between energy equity valuations and underlying commodity prices.

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    • Press release

      HRH Minister of Energy and HH Minister of Culture Inaugurate the Black Gold Museum in Riyadh

    • Commentary

      Fiscal and External Breakeven Oil Prices are Broken Concepts – But They Can Be Fixed

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    About Us

    Strategic thinkers advising energy policies in a complex world.

    In a rapidly evolving energy landscape, policymakers need trusted advisors who can translate complexity into clarity. At KAPSARC, we bridge the gap between data and decision-making, offering expert-driven insights on global energy economics and sustainability. Through rigorous assessment and innovative thinking, our team transforms intricate challenges into practical solutions, empowering governments and institutions to shape effective policies.

    Domains and Focus Areas

    Our focus areas span three domains that reflect our core expertise.

    Global Energy Markets

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      Global Energy Markets

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    We analyze and interpret shifts in the global energy landscape—from upstream supply and downstream capacity to technological advancements, investment strategies, and economic impacts—while closely tracking developments in oil and gas markets. Using data-driven insights and forecasts, we help policymakers and industries navigate the global energy transition and align their strategies with long-term value creation.

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    • Hydrocarbons
    • Petrochemicals
    • Transportation
    • Industrial Demand
    • Renewables
    • Electricity
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    Based in Riyadh, we combine deep local expertise with a global perspective to help shape the future of the Saudi energy sector. With a focus on sustainability and long-term energy transition, we help develop strategies that balance economic growth, energy security, and environmental responsibility. Our insights are informed by both regional dynamics and international trends, allowing us to provide guidance that is locally relevant and globally impactful.

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    Our experts provide strategic guidance on achieving ambitious sustainability and net-zero targets through advanced climate-energy-economic models, in-depth analysis, and data-driven insights. By integrating circular carbon economy principles and advancing pathways to carbon neutrality, we help create a cleaner, more resilient future for communities in Saudi Arabia and beyond.

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    • Nature-based Solutions
    • Climate & Sustainability - Targets & Financing