19 results

Adaptive Strategies in the Low Carbon Energy Transition
Future of Global Oil Markets

Adaptive Strategies in the Low Carbon Energy Transition

As ‘energy transition’ enters the mainstream lexicon, a new narrative is emerging. The presumption that there is an urgent need to achieve full decarbonization via the elimination of fossil fuels is being tempered by calls to capitalize on the opportunities…

February 25, 2019
KAPSARC Quarterly Issue 8
Climate Change Policies and Governance Future of Global Oil Markets Future of Natural Gas Markets Regional Energy Markets

KAPSARC Quarterly Issue 8

The research summaries in this issue are grouped into four themes: climate change; oil and gas; electricity; and Asia. Opening with an overview of KAPSARC’s most recent work on climate change, we also highlight our latest research on global oil…

December 31, 2018
International Oil and Gas Market Outlook
Future of Global Oil Markets Future of Natural Gas Markets

International Oil and Gas Market Outlook

The United States Energy Information Administration (EIA) and KAPSARC co-hosted an expert workshop on the international outlook for oil and gas, held in Washington, D.C. on September 18, 2018. The workshop focused on the global oil and gas supply and…

December 18, 2018
OPEC Oil Production Data: The Role of Secondary Sources
Future of Global Oil Markets

OPEC Oil Production Data: The Role of Secondary Sources

Paul Mollet, Saleh Al Muhanna

OPEC oil production data is a key to understanding not just global energy balances but also the international oil market. Historically, most OPEC oil production figures are opaque as governments either consider them to be confidential and do not publish…

Paul Mollet Mollet, Paul
Saleh Al Muhanna Al Muhanna, Saleh
November 17, 2018
An Estimation of the Drivers Behind OPEC’s Quota Decisions
Future of Global Oil Markets

An Estimation of the Drivers Behind OPEC’s Quota Decisions

Philipp Galkin, Tarek Atalla, Zhongyuan Ren

This paper identifies key determinants that appear to shape OPEC’s quota strategy and implementation. Using econometric estimations, it examines the factors that seem to most influence members’ adherence to their production commitments in the short term and what drives the…

Philipp Galkin Galkin, Philipp
Tarek Atalla Atalla, Tarek
ZR
Ren, Zhongyuan
July 19, 2018
OPEC’s Impact on Oil Price Volatility: The Role of Spare Capacity
Future of Global Oil Markets

OPEC’s Impact on Oil Price Volatility: The Role of Spare Capacity

Energy Journal

OPEC claims to hold and use spare production capacity to stabilize the crude oil market. We study the impact of that buffer on the volatility of oil prices. After estimating the stochastic process that generates shocks to demand and supply,…

Axel Pierru, Tamim Zamrik

2018
Understanding the Energy Transition
Future of Global Oil Markets

Understanding the Energy Transition

The world of energy is always undergoing transition, but the nature of the current phase of the transition is subject to a wide spectrum of interpretations that are often colored by bias and aspirations for a particular future end-point. In…

April 18, 2018
Decarbonizing Oil: The Role of CO2-Enhanced Oil Recovery (CO2‐EOR)
Future of Global Oil Markets

Decarbonizing Oil: The Role of CO2-Enhanced Oil Recovery (CO2‐EOR)

The International Energy Agency (IEA) and KAPSARC co-hosted an expert workshop on the potential of advanced carbon dioxide (CO2 ) enhanced oil recovery (CO2 -EOR) to decarbonize oil production. The workshop focused on the potential for using CO2 -EOR for…

April 10, 2018
Role of Oil in the Low Carbon Energy Transition
Future of Global Oil Markets

Role of Oil in the Low Carbon Energy Transition

The way the world uses energy services has entered a period of profound change. However, there is continuing uncertainty about its trajectory in terms of the speed and extent of transition. This will dictate whether the world achieves the 2oC…

November 27, 2017
Prices versus policy: An analysis of the drivers of the primary fossil fuel mix
Future of Global Oil Markets

Prices versus policy: An analysis of the drivers of the primary fossil fuel mix

Energy Policy

Energy policymakers often attempt to shape their countries’ energy mix, rather than leave it purely to market forces. By calibrating and simulating a Dynamic Stochastic General Equilibrium (DSGE) model, this paper analyzes the primary fossil fuel mix in the USA…

Tarek Atalla, Lester C. Hunt, Baltasar Manzano

2017
Substitutes for Liquid Fuels – Outlook in a Low Oil Price Environment
Future of Global Oil Markets

Substitutes for Liquid Fuels – Outlook in a Low Oil Price Environment

The case for alternatives to gasoline and diesel was historically built on economic concerns; that the world might be running out of oil, which would then become prohibitively expensive. More recently, the argument has been refocused around carbon abatement and…

March 20, 2016
Multidimensional Bargaining Using KTAB
Evaluation of Public Investment Projects Future of Transport and Fuel Demand Regional Energy Markets Climate Change Policies and Governance Future of Global Oil Markets Future of Natural Gas Markets Electricity Sector Transitions Energy and Economic Vulnerability Models, Data and Tools Productivity and Economic Diversification

Multidimensional Bargaining Using KTAB

Brian Efird, Imtenan Al-Mubarak, Ben Wise, Lama Yaseen

This paper (Multidimensional KTAB) is a technical discussion paper designed as a follow on to An Introduction to the KAPSARC Toolkit for Behavioral Analysis using one-dimensional spatial models (Unidimensional KTAB). It extends the original framework of KTAB to explain the…

Brian Efird Efird, Brian
Imtenan Al-Mubarak Al-Mubarak, Imtenan
Ben Wise Wise, Ben
Lama Yaseen Yaseen, Lama
December 24, 2015
Asian Premium or North Atlantic Discount: Does Geographical Diversification in Oil Trade Always Impose Costs?
Future of Global Oil Markets

Asian Premium or North Atlantic Discount: Does Geographical Diversification in Oil Trade Always Impose Costs?

Shahad Alarenan, Frederic Murphy, Ziyad Alfawzan, Nader AlKathiri

It is popularly believed that importers of oil diversify their suppliers to achieve security of supply and that exporters diversify their customer base to achieve security of demand. However, this diversification comes at a cost, compared with buying from or…

Shahad Alarenan Alarenan, Shahad
Frederic Murphy Murphy, Frederic
Ziyad Alfawzan Alfawzan, Ziyad
Nader AlKathiri AlKathiri, Nader
August 6, 2015
Crude Oil Markets in 2015: The Battle for Market Share
Future of Global Oil Markets

Crude Oil Markets in 2015: The Battle for Market Share

Since the OPEC meeting on November 27, 2014, world attention has focused on the U.S. shale oil producers, their financiers and how quickly they will throttle back their production due to low oil prices. U.S. producers are now considered by…

July 6, 2015
The role of CO2 capture and storage in Saudi Arabia’s energy future
Future of Global Oil Markets

The role of CO2 capture and storage in Saudi Arabia’s energy future

International Journal of Greenhouse Gas Control

This paper aims to investigate for the first time the role of carbon dioxide (CO2) capture and storage (CCS) in shaping the future energy policy for Saudi Arabia. It begins with a broad analysis of the strategic context for CCS.…

Berenice Garcia Tellez, Tarek Atalla

2012