Publications

Pandemic, Ukraine, OPEC+ and Strategic Stockpiles: Taming the Oil Market in Turbulent Times

Hossa Almutairi, Axel Pierru, James L. Smith

With a simple decomposition method, we estimate the monthly shifts in global oil demand and non-OPEC+ supply since 2010. We find evidence that during the January 2017 to December 2023 period, OPEC+ attempted to stabilize the price of crude oil…

Almutairi, Hossa

Pierru, Axel

James L. Smith

K-DSGE 2.0: A Dynamic Stochastic General Equilibrium Model for Saudi Arabia with Carbon Circular Economy Features

Hossa Almutairi, Marzio Galeotti, Baltasar Manzano, Axel Pierru

This paper describes a substantially improved version of K-DSGE, the dynamic stochastic general equilibrium model of the Saudi Arabian economy, developed by KAPSARC researchers.

Almutairi, Hossa

Galeotti, Marzio

Manzano, Baltasar

Pierru, Axel

Nudging Toward Sustainability: Behavioral Interventions in Saudi Arabia’s Residential Electricity Consumption

Abdulelah Darandary, Hossa Almutairi

Residential energy consumption is responsible for significant global energy consumption and associated emissions. As a result, households are a prime focus for behavior-modifying interventions. Household energy conservation can be achieved through changes in consumption patterns and investments in energy-efficient products,…

Darandary, Abdulelah

Almutairi, Hossa

Decarbonizing Saudi Arabia’s Residential Sector: Designing Behavioral Interventions for Efficient and Sustainable Energy Consumption

Hossa Almutairi, Fateh Belaïd, Abdulelah Darandary

There is a consensus in the literature regarding the significant role of behavioral change in reducing the level of residential energy consumption. However, there is an ongoing debate concerning the most effective mechanisms and instruments with which to promote energy-efficient…

Almutairi, Hossa

Belaïd, Fateh

Darandary, Abdulelah

Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms

Sage Journals

We assess the extent to which the implementation of Vision 2030 policies enhances the Saudi economy’s resilience to oil shocks. Using a dynamic stochastic general equilibrium model that captures the country’s economic diversification policies, we build a resilience index based…

Hossa Almutairi, Axel Pierru, Baltasar Manzano, Marzio Galeotti

Managing the Oil Market Under Misinformation: A Reasonable Quest?

Hossa Almutairi, Axel Pierru, James L. Smith

This paper examines the type and quality of information that OPEC needs to stabilize the oil market. We extend our previous structural model, in which OPEC makes potential mistakes in judging the size of market shocks, to now include the…

Almutairi, Hossa

Pierru, Axel

James L. Smith

Will Government Support for CCS-EOR Lead to Reduced Emissions?

Axel Pierru, Hossa Almutairi

Government support for CCS-EOR projects is often contested on the grounds that the resulting increase in oil production undermines their environmental benefits. This paper summarizes a simple approach based on a marginal reasoning consistent with economic decision-making. It produces analytical…

Pierru, Axel

Almutairi, Hossa

Assessing Climate Mitigation Benefits of Public Support to CCS-EOR: An Economic Analysis

Hossa Almutairi, Axel Pierru

Government support for CCS-EOR projects is sometimes contested on the grounds that the resulting increase in oil production undermines their environmental benefits. Addressing this concern requires determining the effects of implementing CCS-EOR on global CO2 emissions. This paper presents a…

Almutairi, Hossa

Pierru, Axel

Hard-linking a Top-down Economic Model with a Bottom-up Energy System for an Oil-exporting Country with Price Controls

Science Direct

Olivier Durand-Lasserve, Axel Pierru, Hossa Almutairi, Abdullah AlJarboua, Shreekar Pradhan, Frederic Murphy

Oil Market Stabilization: The Performance of OPEC and Its Allies

IAEE

Axel Pierru, Hossa Almutairi, James L. Smith

Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms

Hossa Almutairi, Marzio Galeotti, Baltasar Manzano, Axel Pierru

We assess the extent to which the implementation of Saudi Vision 2030 policies enhances the Saudi economy’s resilience to oil price and production shocks, and to the productivity of tradable and non-tradable goods. We extend Blazquez et al.’s (2021) dynamic…

Almutairi, Hossa

Galeotti, Marzio

Manzano, Baltasar

Pierru, Axel

The Value of Opec’s Spare Capacity to the Oil Market and Global Economy

Wiley Online Library

We investigate the extent to which OPEC has succeeded in its self‐stated mission of stabilising the oil market and the implications for the world’s economy. We discuss the modelling framework developed by Pierru, Smith and Zamrik (2018) and Pierru, Smith…

Hossa Almutairi, Axel Pierru, James L. Smith

Sectoral and Economy-Wide Effects of Domestic Energy Price Reforms in Saudi Arabia

Olivier Durand-Lasserve, Hossa Almutairi, Abdullah AlJarboua, Frederic Murphy, Shreekar Pradhan, Axel Pierru

This paper simulates the sectoral and economy-wide consequences of deregulating energy prices in Saudi Arabia. Our analysis is based on KAPSARC’s general equilibrium energy model (KEMGE), a new hybrid computable general equilibrium model (CGE). The model examines the effects of…

Durand-Lasserve, Olivier

Almutairi, Hossa

AlJarboua, Abdullah

Murphy, Frederic

Pradhan, Shreekar

Pierru, Axel

Promoting Energy Market Stability in a Transitioning World

T20

Stability in international energy markets is critical for promoting adequate investment in infrastructure so that economic activity can be sustained, in order to provide pathways for growth and improvement in welfare. In light of recent global events and the varied…

Kenneth Medlock III, Axel Pierru, Hossa Almutairi

OPEC’s Pursuit of Market Stability

IAEE

We investigate attempts by the Organization of Petroleum Exporting Countries (OPEC) to stabilize the price of oil during the past fifty years. We first develop a novel decomposition of shifts in global demand and non-OPEC supply. This decomposition provides a…

Axel Pierru, James L. Smith, Hossa Almutairi

Carbon tax based on the emission factor: a bilevel programming approach

Journal of Global Optimization

Hossa Almutairi

Modeling, analysis, and evaluation of a carbon tax policy based on the emission factor

Computers & Industrial Engineering

Hossa Almutairi

A new Lagrangean approach to the pooling problem

Journal of Global Optimization

Hossa Almutairi