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      Moving Saudi Arabia’s Role in the Global Methane Pledge Forward
      Evaluation of Public Investment Projects

      Moving Saudi Arabia’s Role in the Global Methane Pledge Forward

      Rami Shabaneh, Bertrand Rioux, Fahad Bin Haji

      In our previous Instant Insight, The Global Methane Pledge: What It Means for the Oil and Gas Industry Post-COP26, we shed light on the increased momentum behind the issue of methane emissions and how it is taking center stage in…

      Rami Shabaneh Shabaneh, Rami
      Bertrand Rioux Rioux, Bertrand
      Fahad Bin Haji Fahad Bin Haji
      8th May 2022
      Potential implications of the EU Carbon Border Adjustment Mechanism
      Climate Change Policies and Governance

      Potential implications of the EU Carbon Border Adjustment Mechanism

      Bertrand Rioux, Dongmei Chen

      From 2023 onward, the European Union’s (EU’s) Carbon Border Adjustment Mechanism (CBAM) will require importers to declare the embedded carbon emissions of electricity, iron, steel, aluminum, cement and fertilizers. The CBAM will ultimately transition into a carbon import tax, with…

      Bertrand Rioux Rioux, Bertrand
      Dongmei Chen Chen, Dongmei
      22nd March 2022
      Integrated Oil Companies and the Requiem for a Transition: How Are They Coping with Climate Change?
      Future of Global Oil Markets

      Integrated Oil Companies and the Requiem for a Transition: How Are They Coping with Climate Change?

      Majed A. Al Suwailem, Bertrand Rioux

      Integrated oil and gas (O&G) companies operate vertically integrated businesses that span the O&G value chain. In this way, they can leverage expertise across multiple domains rather than just focusing on exploration and production (E&P). Examples of such companies include…

      Majed A. Al Suwailem Al Suwailem, Majed A.
      Bertrand Rioux Rioux, Bertrand
      28th February 2022
      Economic Analysis of Gas Pipeline Trade Cooperation: A GCC case study

      Economic Analysis of Gas Pipeline Trade Cooperation: A GCC case study

      Bertrand Rioux, Rami Shabaneh, Steve Griffiths

      Natural gas development across the member states of the Gulf Cooperation Council (GCC) — including Saudi Arabia, the United Arab Emirates (UAE), Qatar, Kuwait, Oman and Bahrain —has become a priority for achieving long-term energy security and for supporting economic…

      Bertrand Rioux Rioux, Bertrand
      Rami Shabaneh Shabaneh, Rami
      Steve Griffiths Griffiths, Steve
      23rd March 2021
      Assessing the Impact of Stablecoins on the International Monetary System: G20 and IMF to Study the Impact of Facebook’s Libra Project

      Assessing the Impact of Stablecoins on the International Monetary System: G20 and IMF to Study the Impact of Facebook’s Libra Project

      T20

      Stablecoins are an alternative digital currency that is pegged to a basket of traditional currencies and other assets. They are designed to address the shortcomings of first-generation cryptocurrencies in providing adequate monetary services. They represent a disruptor to the payment…

      Fatima Yousef Al Sebaie, Eiji Ogawa, Jose Siaba Serrate, Bertrand Rioux

      2020
      Can Cooperation Enhance Natural Gas Utilization in the GCC?
      Future of Natural Gas Markets

      Can Cooperation Enhance Natural Gas Utilization in the GCC?

      Rami Shabaneh, Bertrand Rioux, Steve Griffiths

      The last decade saw dramatic changes in the energy sector, including the shale oil and gas boom in the United States (U.S.), a commodity down-cycle, and heightened awareness of the global climate challenge. In response, the Gulf Cooperation Council (GCC)…

      Rami Shabaneh Shabaneh, Rami
      Bertrand Rioux Rioux, Bertrand
      Steve Griffiths Griffiths, Steve
      12th October 2020
      Cooperate or Compete? Insights from Simulating a Global Oil Market with No Residual Supplier
      Future of Global Oil Markets

      Cooperate or Compete? Insights from Simulating a Global Oil Market with No Residual Supplier

      Bertrand Rioux, Abdullah AlJarboua, Fatih Karanfil, Axel Pierru, Shahd Alrashed, Colin Ward

      Structural changes in the global oil sector are disrupting conventional market dynamics and the roles played by competing and cooperating producers. Industry players are adjusting to the shale (or ‘tight’) oil revolution and the possibility of plateauing or peaking global…

      Bertrand Rioux Rioux, Bertrand
      Abdullah AlJarboua AlJarboua, Abdullah
      Fatih Karanfil Karanfil, Fatih
      Axel Pierru Pierru, Axel
      Shahd Alrashed Alrashed, Shahd
      Colin Ward Ward, Colin
      6th August 2020
      Simulating a Global Oil Market With No Residual Supplier
      Future of Global Oil Markets

      Simulating a Global Oil Market With No Residual Supplier

      Bertrand Rioux, Abdullah AlJarboua, Fatih Karanfil, Axel Pierru, Shahd Alrashed, Colin Ward

      Motivation and objective of the study What if OPEC decided to abandon organizing residual production collectively, transitioning the world permanently to a competitive oil market? This commentary is based on a forthcoming KAPSARC paper, “Cooperate or Compete? Insights from Simulating…

      Bertrand Rioux Rioux, Bertrand
      Abdullah AlJarboua AlJarboua, Abdullah
      Fatih Karanfil Karanfil, Fatih
      Axel Pierru Pierru, Axel
      Shahd Alrashed Alrashed, Shahd
      Colin Ward Ward, Colin
      16th July 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
      12th March 2020
      An Economic Analysis of China’s Domestic Crude Oil Supply Policies
      Models, Data and Tools

      An Economic Analysis of China’s Domestic Crude Oil Supply Policies

      Bertrand Rioux, Philipp Galkin, Kang Wu

      China’s domestic oil production has lagged the rapid growth in the country’s oil consumption since 2000, leading to a large, and growing, reliance on crude imports to meet demand. Factors including China’s current market structure and regulatory environment impede further…

      Bertrand Rioux Rioux, Bertrand
      Philipp Galkin Galkin, Philipp
      Kang Wu Wu, Kang
      28th May 2019
      The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

      The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

      Science Direct

      Despite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain controlled by the government.

      Axel Pierru, Kang Wu, Frederic Murphy, Philipp Galkin, Bertrand Rioux, Yan Li, Artem Malov, Felipe Feijoo

      2019
      Summertime stratospheric processes at northern mid-latitudes: comparisons between MANTRA balloon measurements and the Canadian Middle Atmosphere Model

      Summertime stratospheric processes at northern mid-latitudes: comparisons between MANTRA balloon measurements and the Canadian Middle Atmosphere Model

      Atmospheric Chemistry and Physics

      Bertrand Rioux

      2018
      Unintended consequences of China’s coal capacity cut policy

      Unintended consequences of China’s coal capacity cut policy

      Energy Policy

      In early 2016, China introduced additional capacity cut policies to rebalance supply in the coal market to match demand that had been reduced by slow economic growth and strict environmental regulation. Ensuing disruptions to the coal market caused these policies…

      Bertrand Rioux, Philipp Galkin

      2018
      The Economic Impact of Price Controls on China’s Natural Gas Supply Chain
      Regional Energy Markets

      The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

      Bertrand Rioux, Philipp Galkin, Frederic Murphy, Axel Pierru, Kang Wu

      Despite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain heavily monopolized or controlled by the government. To assess how such distortions impact the market, we developed…

      Bertrand Rioux Rioux, Bertrand
      Philipp Galkin Galkin, Philipp
      Frederic Murphy Murphy, Frederic
      Axel Pierru Pierru, Axel
      Kang Wu Wu, Kang
      24th May 2018
      Restructuring Saudi Arabia’s Power Generation Sector: Model-Based Insights
      Electricity Sector Transitions

      Restructuring Saudi Arabia’s Power Generation Sector: Model-Based Insights

      Bertrand Rioux, Axel Pierru, Nader AlKathiri

      Saudi Arabia plans to reform and privatize its power generation sector as part of the Kingdom’s Vision 2030. To provide analytical insights, we developed a model that simulates the restructuring of the electricity market, along with reforming fuel prices to…

      Bertrand Rioux Rioux, Bertrand
      Axel Pierru Pierru, Axel
      Nader AlKathiri AlKathiri, Nader
      20th December 2017
      Efficient industrial energy use: The first step in transitioning Saudi Arabia’s energy mix

      Efficient industrial energy use: The first step in transitioning Saudi Arabia’s energy mix

      Energy Policy

      In Saudi Arabia, industrial fuel prices are administered below international prices and firms make decisions based on low energy prices, increasing domestic energy demand. This analysis explores alternative policies designed to induce a transition to a more efficient energy system…

      Walid Matar, Frederic Murphy, Axel Pierru, Bertrand Rioux, David Wogan

      2017
      Economic impacts of debottlenecking congestion in the Chinese coal supply chain

      Economic impacts of debottlenecking congestion in the Chinese coal supply chain

      Energy Economics

      The fast pace of development in China’s coal industry created bottlenecks in its transportation infrastructure. These bottlenecks likely affected not only China’s domestic coal market, but also global coal markets. In this paper, we estimate the costs and consequences of…

      Bertrand Rioux, Philipp Galkin, Frederic Murphy, Axel Pierru

      2016
      Potential Gains From Reforming Price Caps in China’s Power Sector
      Electricity Sector Transitions

      Potential Gains From Reforming Price Caps in China’s Power Sector

      Bertrand Rioux, Philipp Galkin, Axel Pierru, Frederic Murphy

      When energy sectors transition from government-controlled to market-driven systems, the legacy regulatory instruments can create unintended market distortions and lead to higher costs. In China, the most notable regulatory throwback is ceilings on electricity prices that generators can charge utilities,…

      Bertrand Rioux Rioux, Bertrand
      Philipp Galkin Galkin, Philipp
      Axel Pierru Pierru, Axel
      Frederic Murphy Murphy, Frederic
      29th September 2016