Publications

The Stability of World Oil Markets and the Potential for Oil Shocks

Despite many journal articles, forecasting models, and books, little is known about the actual quantitative value, or cost to society, of oil shocks. The potential consequences of any specific political or economic disturbance are unclear and depend on the market…

Impacts of Income Poverty and High Housing Costs on Fuel Poverty in Egypt: An Empirical Modeling Approach

Science Direct

Fateh Belaïd, Mohamad Hejazi

Impacts of Water Scarcity on Agricultural Production and Electricity Generation in the Middle East and North Africa

Frontiers

Mohamad Hejazi

Lessons From the European Electricity Crisis

Frank Felder, Marie Petitet

On January 23, 2023, the European Commission initiated a public consultation to reform the European Union’s electricity market (European Commission 2023) on the heels of extremely high wholesale electricity prices in Europe in the last months and days of 2022.…

Felder, Frank

Marie Petitet

Bans on the Sale of Gasoline- And Diesel-Powered Vehicles: Why Are Policymakers Favoring Commandand- Control to the Point of Banning, and Does It Send Unintended Policy Signals?

Rubal Dua, Prateek Bansal

In recent years, the adoption of command-and-control policies, from mandating sales of zero-tailpipe-emission vehicles all the way to prohibiting future sales of gasoline- and diesel-powered vehicles via tailpipe carbon dioxide (CO2) emissions standards or otherwise, has gained momentum globally in…

Dua, Rubal

Bansal, Prateek

Spatial Modeling of Bargaining Among Stakeholders in Energy Policy: The Case of Japanese Nuclear Plants

Emre Hatipoglu, Brian Efird, Saleh Al Muhanna

This paper evaluates the evolving political will in Japan to restart nuclear power plants to generate electric power, in light of the country’s political and economic developments over the past few years. We apply a model of collective decision-making processes…

Hatipoglu, Emre

Efird, Brian

Al Muhanna, Saleh

Balancing Climate Mitigation and Energy Security Goals Amid Converging Global Energy Crises: The Role of Green Investments

Science Direct

Fateh Belaïd, Raed Al-Mestneer, Aisha Al-Sarihi

KAPSARC Oil Market Outlook (KOMO)

On the demand side, seasonality tends to play an important role as it keeps oil demand growth stagnating or in decline relative to its previous quarter. However, this quarter will also witness an added layer of downward pressure as several…

ESG: A Barrier or a Solution to the Oil and Gas Investment Emergency?

On September 6, 2022, the workshop “ESG: A Barrier or a Solution to the Oil and Gas Investment Emergency?” was held in conjunction with the Arab Petroleum Investment Corporations (APICORP). This workshop had the following objectives: To continue the campaign to inform…

Cost, Footprint, and Reliability Implications of Deploying Hydrogen in Off-grid Electric Vehicle Charging Stations: A GIS-assisted Study for Riyadh, Saudi Arabia

Amro Elshurafa, Abdelrahman Muhsen, Frank Felder

We quantify the cost, footprint and reliability implications of using hydrogen in off-grid electric vehicle charging stations (CS) using an optimization model coupled with a geographical information system (GIS) analysis for the city of Riyadh, Saudi Arabia. We also account…

Elshurafa, Amro

Muhsen, Abdelrahman

Felder, Frank

The Energy Transition and Export Diversification in Oil-dependent Countries: The role of Structural Factors

Science Direct

Fatih Karanfil

Capturing the Value From Supply-Side Shocks in the Heavy Crude Market

Philipp Galkin, Jennifer Considine, Evar Umeozor

The Russian-Ukraine conflict and sanctions on Russian crude oil flows have significantly affected world oil markets. Price volatility has increased, flows have been re-directed and there is considerable uncertainty concerning future energy policy. The implications of these changes affect all…

Galkin, Philipp

Considine, Jennifer

Umeozor, Evar

Oil Market Shocks and Financial Instability in Asian Countries

Science Direct

Fakhri Hasanov, Leila Dagher

The Crisis in Electricity Prices in Europe: Context and Key Insights

Ahmed Al-Balawi, Fateh Belaïd

The cost of electric power in Europe is soaring. After a steady rise in 2021, prices spiked in the first half of 2022 following the post-COVID-19 economic recovery. Day-ahead wholesale electricity prices increased more than threefold on average in 2021…

Ahmed Al-Balawi

Belaïd, Fateh

The G7 Pricing Scheme, an Exercise in Monopsony Power

Carlo Andrea Bollino, Jennifer Considine

High in the Bavarian Alps, at a special security session, G7 leaders set out to devise an ambitious plan to sanction Russian energy sales. The intent was to reduce Russian profits from oil and gas sales, while minimizing the damage…

Bollino, Carlo Andrea

Considine, Jennifer

Alternative Fuels for Saudi Cement Manufacturing with Time-varying Carbon Pricing

Walid Matar, Doaa Filali

After cement production in Saudi Arabia surged in the first half of the 2010s due to the country’s rapid economic development, it has slowed measurably in recent years as economic growth has declined. This is shown in Figure 1, along…

Matar, Walid

Doaa Filali

Stagflation: Should the Oil Industry Worry?

Julio Arboleda, Majed Almozaini

Oil is an essential commodity with an almost perfectly inelastic demand, despite its volatile price. In recent months, fuel prices have declined significantly from approximately $120 per barrel (b) at the beginning of June to less than $85/b at the…

Arboleda, Julio

Almozaini, Majed

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

A Macroeconometric Model for Saudi Arabia: A Case Study on the World’s Largest Oil Exporter

Muhammad Javid, Jeyhun Mikayilov, Fakhri Hasanov, Fred Joutz

Open Access Brief Introduces the KAPSARC Global Energy Macroeconometric Model for Saudi Arabia Combines cutting-edge econometric methods, a well-established theoretical foundation, and empirical coherence Customizable for different research and policy questions   Click here to read the book

Javid, Muhammad

Mikayilov, Jeyhun

Hasanov, Fakhri

Joutz, Fred

Peak Demand-based Optimization Approach for Building Retrofits: Case Study of Saudi Residential Buildings

Springer Link

Mohammad Aldubyan, Moncef Krarti