Publications

Why are European Wholesale Electricity Prices Soaring?

Marie Petitet, Fateh Belaïd

Since the beginning of summer 2021, European wholesale electricity prices have been soaring to historic highs. The average day-ahead price of electricity for central European countries more than doubled between June and September, reaching 170 euros per megawatthour (e/MWh) on…

Marie Petitet

Belaïd, Fateh

Oil Market Shocks and Financial Instability in Asian Countries

Fakhri Hasanov, Leila Dagher

There is no commodity whose interlinkages with the macroeconomy have been studied as extensively as oil, starting with Hamilton’s (1983) seminal study. Thousands of subsequent studies have examined the relationship between oil prices and various economic variables, including the stock…

Hasanov, Fakhri

Dagher, Leila

Oman’s Second Nationally Determined Contribution (NDC)

Mari Luomi, Aisha Al-Sarihi

In July 2021, Oman submitted its second nationally determined contribution to the Paris Agreement on climate change (NDC). In the NDC, Oman pledges to reduce its greenhouse gas (GHG) emissions by 7% relative to a business-as-usual (BAU) scenario by 2030.…

Luomi, Mari

Al-Sarihi, Aisha

Economic Structural Change and Freight Transport Demand in China

Energy Policy

Xun Xu, Tianduo Peng, Nicholas Chase

The Sensitivity of Oil Price Shocks to Preexisting Market Conditions: A GVAR Analysis

Science Direct

This study develops a Global Vector Autoregression (GVAR) model to simulate various types of shocks to oil markets and to see whether such shocks are time-sensitive in oil markets. Our model extends the canonical Mohaddes and Pesaran (2016) model temporally…

Jennifer Considine, Emre Hatipoglu, Abdullah Aldayel

The Impact of Total Factor Productivity on Energy Consumption: Theoretical Framework and Empirical Validation

Science Direct

Jeyhun Mikayilov, Fakhri Hasanov

Will COP26 Recognize a Role for Nuclear Energy in the Clean Energy Mix?

Noura Mansouri, Adnan Shihab-Eldin

Next month, the 2021 United Nations Climate Change Conference (COP26), hosted by the United Kingdom, will discuss the big challenge facing the world’s governments, which is how to limit the average rise in global temperatures above pre-industrial levels to below…

Mansouri, Noura

Adnan Shihab-Eldin

KAPSARC Oil Market Outlook (KOMO)

The drivers of this quarter’s global demand outlook stem from multiple factors (i.e., a slower roll-out of vaccinations in developing countries, multiple continued lockdowns in several countries, rising inflation, including shipping costs, lagging delivery times, the usual seasonal behavior of…

How the Circular Carbon Economy Index Can Serve Policymaking: Case Study of Saudi Arabia

Mari Luomi, Fatih Yılmaz, Thamir Al Shehri

The Circular Carbon Economy (CCE) Index is a tool developed by KAPSARC for energy and climate policymakers and stakeholders to quantify and compare country performance and potential on the CCE. The CCE is a relatively new concept. It aims to…

Luomi, Mari

Yılmaz, Fatih

Al Shehri, Thamir

The Circular Carbon Economy Index 2021 – Methodology

Mari Luomi, Fatih Yılmaz, Thamir Al Shehri

The Circular Carbon Economy Index (CCE Index) aims to measure countries’ progress in and potential for achieving circular carbon economies (CCEs). The CCE Index is based on two sub-indices: one for measuring countries’ current performance in the various dimensions of…

Luomi, Mari

Yılmaz, Fatih

Al Shehri, Thamir

Volatility, Contango, and Crude Oil Inventories: A Complex Relationship

Business School University of Colorado Denver

Jennifer Considine, Philipp Galkin, Abdullah Aldayel

The Role of Residential Energy Efficiency in Shaping the Energy Transition in Saudi Arabia: Key Challenges and Initiatives

IAEE Energy Forum

Mohammad Aldubyan, Fateh Belaïd

Potential Trip Coverage of the Proposed Public Transport Network in Riyadh

Academia

Abu Toasin Oakil, Abdelrahman Muhsen

Impact of Stay Home Living on Energy Demand of Residential Buildings: Case Study of Saudi Arabia

Science Direct

The analysis presented in this paper evaluates the impact of stay-home order on the energy consumption of Saudi residential building stock. The analysis combines monitored data obtained for a sample of housing units as well as the results Residential Energy…

Mohammad Aldubyan, Moncef Krarti

China’s BRI and Saudi Vision 2030: A Review to Partnership for Sustainability

Dongmei Chen

This study reviews the comprehensive strategic partnership between Saudi Arabia and China and the interconnection between China’s Belt and Road Initiative (BRI) and Saudi Vision 2030. These connections have significantly improved cooperation in trade, investment, energy and new technology development…

Chen, Dongmei

Modeling World Oil Market Questions: An Economic Perspective

Science Direct

The choice of a modeling approach is driven by the oil policy or market question that needs to be addressed. We provide the non-modeling community with insightful information on oil market models, shedding light on the economic interpretation of technical…

Olivier Durand-Lasserve, Axel Pierru

Sustainable Transport in Riyadh: Potential Trip Coverage of the Proposed Public Transport Network

Abu Toasin Oakil, Abdelrahman Muhsen

The transport sector has always had high energy demand and is a significant contributor to greenhouse gas (GHG) emissions and climate change. To improve energy efficiency and reduce GHG emissions, Riyadh is introducing an integrated public transport system. Per capita…

Oakil, Abu Toasin

Muhsen, Abdelrahman

Future Trends in Electricity Demand in Saudi Arabia and the Gulf Region

Long-term electricity demand projections are fundamental for power generation expansion planning and for broader energy policy formulation. Studies show that electricity demand in Saudi Arabia and the GCC region has been growing rapidly over the past decades. This growth has…

An Economic Analysis of Gas Pipeline Trade Cooperation in the GCC

Science Direct

Rami Shabaneh, Bertrand Rioux, Steve Griffiths

Building Back Better in Saudi Arabia With Energy Efficiency

Nicholas Howarth, Moncef Krarti, Thamir Al Shehri, Eric Williams, Mohammad Aldubyan, Jan Frederik Braun, Elizabeth Carey

The first priority for governments in managing the COVID-19 crisis is the health of their citizens. However, the implementation of restrictions on activity necessary for limiting the spread of the disease has caused the greatest global recession since the Great…