Future of Global Oil Markets KAPSARC Oil Market Outlook Total global oil demand is expected to increase year-on-year (YoY) by 4.2 million barrels per day (MMb/d) in 2021 and further grow by 3.5 MMb/d in 2022, returning to 2019 levels by the third quarter (Q3) 2022. The International Monetary…
Regional Energy Markets What Happened to Oil Product Demand in Saudi Arabia During the First Two Quarters of 2020? Anwar Gasim In this commentary, we examine the effects of the COVID-19 pandemic and the various lockdown measures on domestic oil product demand in Saudi Arabia during the first and second quarters of 2020. We explore the pandemic’s effects on six key… Gasim, Anwar
Electricity Sector Transitions Utility-Scale Storage: Sleeping Giant or Mirage? The Kingdom of Saudi Arabia, among other countries, has ambitious plans to install a significant amount of renewable capacity by 2040. A high share of renewable generation in the power system can, however, result in grid instabilities. Energy storage technology…
Future of Global Oil Markets Refining Value Chain Optimization Trends in the United States: The Shale Factor Malik Selemankhel Shale oil or light tight oil (LTO) is a sweet, less viscous crude oil, with an average API gravity range of 35º API to 55º API, and a sulfur content as low as <0.2%. After the Global Financial Crisis in… Selemankhel, Malik
On the Incremental Investment in Residential Energy Efficiency: A Saudi Perspective Taylor & Francis Online This paper examines the marginal welfare gain of adopting higher energy efficiency after another efficiency measure has already been installed. For example, how does installing stringent thermal insulation influence energy efficiency investment decisions thereafter? A mathematical model that embeds a… Walid Matar
Share of Road Transport and the Consumption of Diesel and Petrol in India Yagyavalk Bhatt As of 2015, India had approximately 230 million registered vehicles. Over 70% of India’s registered vehicles are two-wheelers. In 2013, India had 132.55 million registered two-wheelers and 25 million registered cars. According to India’s Ministry of Petroleum and Natural Gas,… Bhatt, Yagyavalk
Future of Transport and Fuel Demand Economic Structural Change and Freight Transport Demand in China Xun Xu, Tianduo Peng After decades of rapid economic development, China is quickly becoming the world’s second-largest transport energy consumer. Recently, it has also surpassed the United States (U.S.) as the world’s largest oil importer, and it is expected to become the largest oil… Xu, Xun Tianduo Peng
Future of Global Oil Markets Can Oil Refiners Adjust to a Greater Supply of Shale Oil? Walid Matar, Rami Shabaneh The advent of American shale oil and its prospects for continued production growth have raised concerns about whether oil refineries can handle the increasingly lighter crude oil supply. To provide a perspective on this issue, we run a global oil… Matar, Walid Shabaneh, Rami
The Saudi Move into Hydrogen: A Paradigm Shift Hatem Al Atawi, Abdulelah Darandary Saudi Arabia is moving ahead with its diversification plan, Saudi Vision 2030, by adopting hydrogen. The Kingdom is keen to enable the circular carbon economy (CCE) by producing and utilizing clean hydrogen. On September 27, Saudi Aramco announced its first… Al Atawi, Hatem Darandary, Abdulelah
In Eco-Design of Buildings and Infrastructure Fateh Belaïd, Jean-Pierre Lévy This chapter looks at different models and approaches concerning the energy consumption of households and buildings. The modelling of building energy consumption falls completely within this context. The field of building energy consumption modelling is therefore vast, diverse and involves… Belaïd, Fateh Jean-Pierre Lévy
Extreme Market Distortions Canadian Crude Oil Flows Jennifer Considine, Philipp Galkin, Abdullah Aldayel With extensive natural resources and strategic access to both the Atlantic and Pacific basins, Canada has the potential to become a global energy powerhouse – provided that the nation is successful in alleviating its infrastructure bottlenecks. According to the United… Considine, Jennifer Galkin, Philipp Aldayel, Abdullah
Productivity and Economic Diversification Real Gross Domestic Income for Saudi Arabia: A Measure of National Income Anwar Gasim, Walid Matar “A country’s national income is defined as the total market value of its output. The most used measure for national income is gross domestic product (GDP). One way to estimate GDP for a country is to sum its government consumption,… Gasim, Anwar Matar, Walid
Gasoline Demand Elasticities at the Backdrop of Lower Oil Prices: Fuel-Subsidizing Country Case MDPI Jeyhun Mikayilov
Regional Energy Markets Charting Saudi Energy Flows Andrew Stanley KAPSARC has developed an energy flow chart for Saudi Arabia. The graphic provides a comprehensive view of the Kingdom’s energy profile, breaking down energy supply by source, sector, and electric power. Andrew Stanley
Regional Energy Markets Models, Data and Tools Electricity Sector Transitions Saudi Arabia Energy Report Abeer AlGhamdi Saudi Arabia is one of the world’s leading oil producers and exporters. It has the second-largest proven crude oil reserves after Venezuela. Saudi Arabia’s oil reserves have made it one of the most significant players in the global oil market.… AlGhamdi, Abeer
COVID-19 and Mobility in Riyadh: An Analysis of Changes in Motorized Trips and Possible Emission Loss Abu Toasin Oakil In this insight, we investigate the implications of COVID-19 on mobility in Riyadh. COVID-19 has impacted our world, leading to a ‘new norm’ for our standard of living. Countries have restricted personal mobility significantly, among other measures, to control the… Oakil, Abu Toasin
Renewables and the Future of Geopolitics: Revisiting Main Concepts of International Relations from the Lens of Renewables Russian Journal of Economics The development of renewable energy is often treated as a purely positive outcome for the world, without consideration of the challenges that come with implementation at scale, which will inevitably follow with the process of a global energy transition. Studies… Emre Hatipoglu, Saleh Al Muhanna, Brian Efird
How the World Trading System Promotes and Impedes the Diversification of Developing Countries Abdelaaziz Aït Ali, Mohammed Al Doghan, Muhammad Bhatti, Carlos Braga, Abdulelah Darandary, Uri Dadush, Anabel González, Niclas Poitiers Diversification is important because it is associated with economic growth and reduced volatility. Export diversification is especially important for developing countries as a source of foreign exchange and imported know-how. We examine how export diversification is affected by trade policies,… Abdelaaziz Aït Ali Mohammed Al Doghan Muhammad Bhatti Carlos Braga Darandary, Abdulelah Uri Dadush Anabel González Niclas Poitiers
How Responsive is Saudi New Vehicle Fleet Fuel Economy to Fuel-and Vehicle-price Policy Levers? Science Direct This paper investigates the drivers of recent improvements in Saudi Arabia’s fleet fuel economy for new vehicles including passenger cars and light-duty trucks. Vehicle choice models are estimated using both aggregate new vehicle sales data and disaggregate new vehicle buyer… Rubal Dua, Tamara Sheldon
The Value of Storage in Electricity Generation: A Qualitative and Quantitative Review Science Direct Electricity storage (ES) is a technology that can complement variable renewable generation in the widely sought low-carbon future. Given the several unique features of ES, it is important for utilities, investors, and regulators to understand how ES evaluation is conducted… Amro Elshurafa
