417 results

The World Needs OPEC, but OPEC Can’t Go It Alone

The World Needs OPEC, but OPEC Can’t Go It Alone

Andrew Stanley

The global oil market is going through an extraordinary period. The twin shocks of a significant increase in global supply and a remarkable fall in oil demand appear to have no parallel in history. Together, the collapsed OPEC+ agreement and…

Andrew Stanley Andrew Stanley
March 27, 2020
The Saudi Nuclear Energy Project
Electricity Sector Transitions

The Saudi Nuclear Energy Project

Noura Mansouri

Saudi Arabia’s nuclear energy program has been a subject of intense speculation recently, especially since the establishment of the King Abdullah City for Atomic and Renewable Energy (KA-CARE) by Royal Order No. A/90 in 2010. In 2012, the government announced…

Noura Mansouri Mansouri, Noura
March 25, 2020
The Relentless Politics of Climate Change: The Paris Agreement
Climate Change Policies and Governance

The Relentless Politics of Climate Change: The Paris Agreement

Saleh Al Muhanna, AlJawhara Al Quayid, Nourah Al Hosain

The Paris Agreement entered into force in November 2016 and, to date, 187 parties have ratified it (UFCCC). The Agreement’s goal is to limit the increase in global temperature to 2 degrees Celsius (°C) above] pre-industrial levels. The Agreement established…

Saleh Al Muhanna Al Muhanna, Saleh
AlJawhara Al Quayid Al Quayid, AlJawhara
Nourah Al Hosain Al Hosain, Nourah
March 19, 2020
Implementing Alternative Pricing Policies in Economic Equilibrium Models Using the Extended Mathematical Programming Framework
Regional Energy Markets

Implementing Alternative Pricing Policies in Economic Equilibrium Models Using the Extended Mathematical Programming Framework

Bertrand Rioux, Abdullah AlJarboua, Frederic Murphy, Axel Pierru

Standard economic optimization models represent markets in perfect competition. They are commonly used, though they may not accurately represent real-world policies and regulations. Equilibrium models built using a mixed complementarity problem (MCP) approach are capable of simulating more flexible pricing…

Bertrand Rioux Rioux, Bertrand
Abdullah AlJarboua AlJarboua, Abdullah
Frederic Murphy Murphy, Frederic
Axel Pierru Pierru, Axel
March 12, 2020
Transition Risks, Creative Destruction, and Stranded Assets
Electricity Sector Transitions

Transition Risks, Creative Destruction, and Stranded Assets

Nawaz Peerbocus

Ten years ago, climate risks were absent from the top five global risks in the World Economic Forum’s Global Risks report. In their 2020 report, the top five global risks are all climate-related: extreme weather, climate action failure, natural disasters,…

Nawaz Peerbocus Peerbocus, Nawaz
March 11, 2020
Behavioral Aspects of Energy Transition: A KAPSARC-Energy Systems Catapult (ESC) Joint Methodological Report
Electricity Sector Transitions

Behavioral Aspects of Energy Transition: A KAPSARC-Energy Systems Catapult (ESC) Joint Methodological Report

Rolando Fuentes, Emre Hatipoglu, Thamir Alshehri, Matt Lipson, Scott Milne, Simon Pearson

KAPSARC’s work on innovation in electricity transitions has focused on unbundling services in the electricity sector (KAPSARC 2016) and developing the microeconomic foundation for a reliability service. Our research has investigated the experiences of industries resembling the electric power sector…

Rolando Fuentes Fuentes, Rolando
Emre Hatipoglu Hatipoglu, Emre
Thamir Alshehri Alshehri, Thamir
Matt Lipson Matt Lipson
Scott Milne Milne, Scott
Simon Pearson Pearson, Simon
March 11, 2020
Testing the Limits of Electricity Market Design
Electricity Sector Transitions

Testing the Limits of Electricity Market Design

Rolando Fuentes

We live in an unprecedented time for the energy sector. According to the BP Statistical Review of World Energy 2019, electricity generated from renewable sources is at a historic high, with about 2,500 terrawatthours (TWh) produced in 2018 (Figure 1). This is more…

Rolando Fuentes Fuentes, Rolando
March 9, 2020
Policy and Economic Frameworks to Deepen Sino-Saudi Cooperation
Regional Energy Markets

Policy and Economic Frameworks to Deepen Sino-Saudi Cooperation

The Belt and Road Initiative (BRI) has expanded from 65 original member states during its official launch in 2015 to 131 as of April 2019. The countries of the Middle East and North Africa have generally welcomed the initiative and…

March 9, 2020
Assessing the Gas Market Potential in India
Future of Natural Gas Markets

Assessing the Gas Market Potential in India

India faces a pressing energy shortage. Despite rapid economic development, a large section of the population has little or no access to electricity, while the cost, reliability and availability of power constrain growth and investment in key sectors. As a…

March 8, 2020
Market Structure, Inventories and Oil Prices: An Empirical Analysis
Future of Global Oil Markets

Market Structure, Inventories and Oil Prices: An Empirical Analysis

Jennifer Considine, Philipp Galkin, Abdullah Aldayel

Understanding the relationship between crude oil prices and inventory levels is critical for policymakers and economic actors. The size of the ‘basis,’ or spread between spot and futures prices, reflects the level of inventories and can trigger arbitrage trading. The…

Jennifer Considine Considine, Jennifer
Philipp Galkin Galkin, Philipp
Abdullah Aldayel Aldayel, Abdullah
February 24, 2020
Eliciting Preferences of Ride-Hailing Users and Drivers

Eliciting Preferences of Ride-Hailing Users and Drivers

Prateek Bansal, Akanksha Sinha, Rubal Dua, Ricardo Daziano

The ‘ride-hailing’ services offered by transportation network companies (TNCs) such as Uber and Lyft have rapidly disrupted personal transportation, particularly in cities. Schaller (2018) reports that TNCs provided 2.6 billion rides in 2017 in the United States (U.S.), a 37%…

Prateek Bansal Prateek Bansal
Akanksha Sinha Akanksha Sinha
Rubal Dua Dua, Rubal
Ricardo Daziano Ricardo Daziano
February 24, 2020
Assessment of Coronavirus Effects on Oil Demand Implied by Price Elasticities

Assessment of Coronavirus Effects on Oil Demand Implied by Price Elasticities

Ronald Ripple, Dongmei Chen, Abdullah Aldayel, Hamid M. Al Sadoon

There appears to be a significant response in the crude oil markets to the coronavirus outbreak that originated in Wuhan, China, in December 2019 and has since spread globally. Many cities in Hubei, of which Wuhan is the capital, have been…

Ronald Ripple Ripple, Ronald
Dongmei Chen Chen, Dongmei
Abdullah Aldayel Aldayel, Abdullah
Hamid M. Al Sadoon Al Sadoon, Hamid M.
February 20, 2020
KAPSARC Oil Market Outlook – Update

KAPSARC Oil Market Outlook – Update

Hamid M. Al Sadoon, Colin Ward

China reported an outbreak of a SARS-like viral infection on December 31, 2019. The disease, officially named COVID-19, was first detected in Wuhan City, Hubei Province, China and continues to spread globally. Initial symptoms are similar to the common cold,…

Hamid M. Al Sadoon Al Sadoon, Hamid M.
Colin Ward Ward, Colin
February 18, 2020
Analytical Approaches to Blending Political Science With the Study of Energy Markets
Future of Global Oil Markets

Analytical Approaches to Blending Political Science With the Study of Energy Markets

Energy is arguably the most valuable traded commodity in the world. Unlike most other commodities, energy resources are essential for economic and military activity and therefore have unique strategic importance, especially because states vary widely in their energy resource endowment.…

February 18, 2020
Saudi Arabia’s Residential Solar Energy Use and Prospects
Electricity Sector Transitions

Saudi Arabia’s Residential Solar Energy Use and Prospects

Sadeem Alhosain, Ryan Alyamani

In an effort to diversify the energy mix of Saudi Arabia’s residential sector, the Electricity and Cogeneration Regularity Authority introduced regulations in August 2017, allowing households to use solar energy to generate their own electricity.

Sadeem Alhosain Alhosain, Sadeem
Ryan Alyamani Alyamani, Ryan
February 13, 2020