353 results

The Impact of Fiscal Policy on Non-Oil GDP in Saudi Arabia

The Impact of Fiscal Policy on Non-Oil GDP in Saudi Arabia

Fakhri Hasanov, Nader AlKathiri, Saad Alshahrani, Ryan Alyamani

Saudi Vision 2030 (SV2030), the strategic roadmap for the future of the Kingdom of Saudi Arabia, aims to decouple the country’s economy from its reliance on oil revenues through implementing several economic and social initiatives. The key economic goals of…

Fakhri Hasanov Hasanov, Fakhri
Nader AlKathiri AlKathiri, Nader
Saad Alshahrani Saad Alshahrani
Ryan Alyamani Alyamani, Ryan
January 16, 2020
The Value of Spot Sales to a Producing Country Subject to Production Quotas

The Value of Spot Sales to a Producing Country Subject to Production Quotas

Jennifer Considine, Kang Wu, Abdullah Aldayel

In recent years, global oil markets have experienced intensified competition driven by growing surpluses of lighter crude and shale oil. As their margins have shrunk, many producers have increased output in order to boost revenue, adding to the oversupply. Meanwhile,…

Jennifer Considine Considine, Jennifer
Kang Wu Wu, Kang
Abdullah Aldayel Aldayel, Abdullah
January 16, 2020
Carbon Sequestration Units (CSUs): A New Tool to Mitigate Carbon Emissions

Carbon Sequestration Units (CSUs): A New Tool to Mitigate Carbon Emissions

Paul Mollet, Wolfgang Heidug, Paul Zakkour, Eric Williams

The United Kingdom’s decision to aim for net zero emissions by 2050 and to enshrine it in law raises the bar for global policymakers as the world seeks to limit the impact of climate change. A recent European Commission paper…

Paul Mollet Mollet, Paul
Wolfgang Heidug Heidug, Wolfgang
Paul Zakkour Zakkour, Paul
Eric Williams Williams, Eric
January 13, 2020
Natural Gas Strategies for the Saudi Energy System
Future of Natural Gas Markets

Natural Gas Strategies for the Saudi Energy System

Walid Matar, Rami Shabaneh

Fuel prices in the Kingdom of Saudi Arabia have historically been below international market values. This has stimulated rapid growth in primary energy demand. The Kingdom’s natural gas demand has now outstripped its domestic production, forcing the government to impose…

Walid Matar Matar, Walid
Rami Shabaneh Shabaneh, Rami
January 13, 2020
China’s Energy Investment Through the Lens of the Belt and Road Initiative
Regional Energy Markets

China’s Energy Investment Through the Lens of the Belt and Road Initiative

Philipp Galkin, Dongmei Chen, Junyuang Ke

The Chinese government launched the Belt and Road Initiative (BRI) in 2013 as a vision to promote growth and cooperation among the economies of Asia and Europe. Over the five years since its inception, the BRI has expanded in both…

Philipp Galkin Galkin, Philipp
Dongmei Chen Chen, Dongmei
Junyuang Ke Junyuang Ke
January 12, 2020
The Effectiveness of China’s Plug-In Electric Vehicle Subsidy
Future of Transport and Fuel Demand

The Effectiveness of China’s Plug-In Electric Vehicle Subsidy

Tamara Sheldon, Rubal Dua

Subsidies for promoting plug-in electric vehicle (PEV) adoption are a key component of China’s overall plan for reducing local air pollution and greenhouse gas (GHG) emissions from its light-duty vehicle sector. This paper explores the impact and cost-effectiveness of the…

Tamara Sheldon Sheldon, Tamara
Rubal Dua Dua, Rubal
December 29, 2019
Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?
Models, Data and Tools

Gasoline Demand in Saudi Arabia: Are the Price and Income Elasticities Constant?

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

After the drop in international oil prices in 2014, oil-exporting countries started to launch new policies to develop their economies. It is important that policymakers involved in energy and economic development understand how economic agents respond to increased energy prices…

Jeyhun Mikayilov Mikayilov, Jeyhun
Fred Joutz Joutz, Fred
Fakhri Hasanov Hasanov, Fakhri
December 26, 2019
Understanding the Impact of Ride-Hailing Services on Travel Behavior
Future of Transport and Fuel Demand

Understanding the Impact of Ride-Hailing Services on Travel Behavior

Prateek Bansal, Rubal Dua

Major transformations are taking place in the road transportation sector, particularly in passenger auto travel. The arrival of transportation network companies (TNCs), including Uber, Didi Chuxing, Ola, Lyft and others, has the potential to critically alter key aspects of passenger…

Prateek Bansal Prateek Bansal
Rubal Dua Dua, Rubal
December 26, 2019
Estimating Saudi Arabia’s Regional GDP Using Satellite Nighttime Light Images
Future of Transport and Fuel Demand

Estimating Saudi Arabia’s Regional GDP Using Satellite Nighttime Light Images

Hector G. Lopez-Ruiz, Jorge Blazquez, Fakhri Hasanov

The increasing availability of data from technologies such as mobile phones, satellites and connected devices means that there are many new possible sources of economic data. This study analyzes the potential use of nighttime light images from satellites to provide…

Hector G. Lopez-Ruiz Lopez-Ruiz, Hector G.
Jorge Blazquez Blazquez, Jorge
Fakhri Hasanov Hasanov, Fakhri
December 23, 2019
The Impact of High Temperatures on Battery Performance in Solar-PV Systems With Storage
Electricity Sector Transitions

The Impact of High Temperatures on Battery Performance in Solar-PV Systems With Storage

Amro Elshurafa, Mohammad Aldubyan

The World Bank estimates that nearly 1 billion people globally have no grid electricity access. Diesel generators are the default source of energy for locations lacking access to the grid. The falling costs of solar photovoltaic (PV) generation and battery…

Amro Elshurafa Elshurafa, Amro
Mohammad Aldubyan Aldubyan, Mohammad
December 17, 2019
Residential Electricity Price Reforms: Are Different Income Groups and Regions Impacted Equally?
Models, Data and Tools

Residential Electricity Price Reforms: Are Different Income Groups and Regions Impacted Equally?

Ryan Alyamani, Abdulelah Darandary, Jeyhun Mikayilov, Fakhri Hasanov

The government of Saudi Arabia has successfully reduced the country’s energy intensity, helped by its establishment of the Saudi Energy Efficiency Center (SEEC) and a series of energy price reforms (EPR) that began in 2016. However, how households have responded…

Ryan Alyamani Alyamani, Ryan
Abdulelah Darandary Darandary, Abdulelah
Jeyhun Mikayilov Mikayilov, Jeyhun
Fakhri Hasanov Hasanov, Fakhri
December 15, 2019
India’s Rising Imports of LNG
Future of Transport and Fuel Demand

India’s Rising Imports of LNG

Yagyavalk Bhatt

In 2017, India imported 20 million metric tons (MMmt) of liquefied natural gas (LNG), making it the world’s fourth-largest importer behind Japan, China and South Korea.

Yagyavalk Bhatt Bhatt, Yagyavalk
December 15, 2019
Implications of IMO 2020: The Potential for High Sulfur Fuel Oil Penetration in Saudi Arabia
Future of Global Oil Markets

Implications of IMO 2020: The Potential for High Sulfur Fuel Oil Penetration in Saudi Arabia

Rami Shabaneh, Hamid M. Al Sadoon, Raed Mestneer

January 1, 2020 marks the enforcement of the International Maritime Organization’s (IMO) rule on limiting sulfur emissions from ships (IMO 2020). The rule mandates ships to reduce the sulfur content in their fuels to 0.5% from the current 3.5%. This…

Rami Shabaneh Shabaneh, Rami
Hamid M. Al Sadoon Al Sadoon, Hamid M.
Raed Mestneer Mestneer, Raed
December 12, 2019
The Changing Impact of Income and Price on Gasoline Demand in Saudi Arabia
Models, Data and Tools

The Changing Impact of Income and Price on Gasoline Demand in Saudi Arabia

Jeyhun Mikayilov, Fred Joutz, Fakhri Hasanov

The growth path of gasoline demand, a key strategic fuel, has important implications for oil security, oil-related carbon emissions, and refinery investment (Dahl 2012). As such, understanding how fluctuations in income and gasoline prices could affect the demand for oil…

Jeyhun Mikayilov Mikayilov, Jeyhun
Fred Joutz Joutz, Fred
Fakhri Hasanov Hasanov, Fakhri
December 11, 2019
COP 25: Negotiating the Rules for a Future Global Carbon Market Under Article 6
Climate Change Policies and Governance

COP 25: Negotiating the Rules for a Future Global Carbon Market Under Article 6

Elizabeth Carey

The design of the rulebook for Article 6 of the Paris Agreement is one the most significant and highly anticipated outcomes of the twenty-fifth session of the Conference of the Parties (COP 25) taking place in Madrid in December 2019.

Elizabeth Carey Carey, Elizabeth
December 9, 2019