Publications

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

Science Direct

Fateh Belaïd, Raed 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

Fostering Net-Zero Transition Pathways: The Role of Clean Hydrogen

Salaheddine Soummane, Rami Shabaneh

In early 2022, 80 countries (including Saudi Arabia), representing around 74% of global greenhouse gas emissions, pledged to reach net-zero emissions (NZE) in the coming decades. Achieving these ambitious climate policy objectives requires shifting the energy mix toward existing and…

Soummane, Salaheddine

Shabaneh, Rami

Status of Global Concentrated Solar Power Installations

Ahmed Al-Balawi

Concentrated solar power (CSP) is a type of renewable energy that uses mirrors to concentrate solar irradiation onto a receiver and convert it into heat. The heat can then be used directly or indirectly for thermal or electrical applications. CSP…

Ahmed Al-Balawi

Insights from India’s Journey to Over 100 Gigawatts of Renewable Energy

Shahid Hasan, Yagyavalk Bhatt

This commentary analyzes the key industry developments, policy and regulatory features, prevailing circumstances and challenges related to renewable energy (RE) in India. It also highlights learnings for other countries. As electricity is a concurrent subject as per the Indian Constitution,…

Hasan, Shahid

Bhatt, Yagyavalk

Saudis in the Private Sector: Women Leading the Way

Cian Mulligan

In Q3 2018, 30% of Saudi employment was in the private sector, and by Q1 2022 this had increased to 46%. A major driver of this increase was the comparative outperformance of Saudi women, of whom over 60% now work…

Mulligan, Cian

Gaming Out the Proposed Price Cap on Russian Oil

Colin Ward, Emre Hatipoglu, Majed A. Al Suwailem

In a June 29, 2022, communique, the G7 countries agreed to explore ways to impose a price cap on Russian oil exports. The main mechanism would be a ban on the provision of insurance, logistics and financial services by G7 nations for…

Ward, Colin

Hatipoglu, Emre

Al Suwailem, Majed A.

KAPSARC Oil Market Outlook (KOMO)

Declining gross domestic product (GDP) growth in Q4 2022 will add downward pressure to the underlying seasonality of oil demand trends in several countries, playing an important role in oil demand declines this quarter. OECD countries in North America and…