Presentations

These presentations are written by members of the research team and have been presented to various audiences. They may take the form of a market commentary and reflections, or concern aspects of research in progress. In all cases, the views expressed are those of the authors, and should not be taken to represent the position of the Oxford Institute for Energy Studies.

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Global Demand Dynamics: Determinants and Policy Issues [0MB]

This presentation analyses some of the key relationships that are important for understanding global oil demand dynamics. It discusses the income and price determinants of oil demand as well as non-price factors such as the impact of government policies and other factors external to the oil market and which can have a drastic impact on oil demand. It emphasises that the relationship between oil demand and these determinants is far from linear and any analysis of oil markets should take into account non-linear and threshold effects and the cumulative and possibly irreversible nature of some of these effects.

The Oil Market Through the Lens of the Latest Oil Price Cycle [0MB]

The recent behaviour of prices has polarised views about the key drivers of oil prices. One view attributes the recent behaviour in oil prices to structural transformations in the fundamentals of the oil market. An alternative view considers that oil markets have been distorted by substantial and volatile speculative financial flows. This dichotomy between fundamentals and speculation currently dominates the policy debate about the appropriate measures needed to reduce oil price volatility and to prevent a repeat of the latest price cycle. While it is convenient for some policy makers and analysts that the issues are presented in terms of this dichotomy it is too simplistic to be of use in formulating policy. Instead this presentation offers a more inclusive framework which emphasises the interactions among the various oil price determinants and the various players in the oil market. It also provides an alternative perspective on the oil price formation process based on perceptions of limited feedbacks and e increasing role of expectations and public signals.

The Oil Market Through the Lens of the Latest Oil Price Cycle: Issues and Proposals [0MB]

On October 9 2009 the Oxford Institute for Energy Studies held a one-day conference in Oxford on 'Oil Price Volatility: Causes and Measures of Mitigation Strategies'. The conference focused on three themes: the role of fundamentals and financial factors in explaining the recent sharp swings in oil prices and the marked increase in price volatility; an assessment of the plans and strategies currently pursued to dampen oil price volatility; and the potential measures that could be adopted to mitigate the impact of sharp swings in the oil price on the energy industry. The group of participants included key senior figures from government.

OPEC Policy and Oil Prices: Long Term Issues versus Short Term Management of the Market [0MB]

This presentation by Bassam Fattouh challenges some of the conventional wisdom regarding the role of OPEC and analyses the Organisation's role in the short-term management of the oil market and its behaviour over the oil price cycle. It also discusses some of the transformations in the oil market and how these pose long term challenges for OPEC.

Price Demand and Market Structure for the Oil Industry: Distillates in the driver's seat or Gasoline resurgence ? [0MB]

This presentation given at an OIES internal seminar raises the issue of whether middle distillates are in the driving seat and whether the world is likely to witness a gasoline resurgence. The presentation then provides an overview of some recent developments in the diesel market and their implications on refinery yields and product price differentials.

Electricity liberalisation in the UK ? the end is nigh [0MB]

This presentation, given by Malcolm Keay to the Electricity Policy Research Group in Cambridge, looks at the impact of environmental policy on the electricity industry in the UK ? and concludes that liberalisation is not likely to survive in any meaningful form.

Cost Efficiency and the Tradable Sulphur Permit Scheme in the US Electricity Generating Industry [0MB]

This presentation was given by Lindsay Tuthill at the 27 February 2008 Productivity Workshop at the Department of Economics, University of Oxford.

Renewable Energy - Quo Vadis [0MB]

This presentation was given at OIES by Marianne Haug, Professor of Energy Policy and Sustainable Development, University of Hohenheim (Germany) and senior research advisor to the Institute.

Analysing Oil Prices [0MB]

In this presentation prepared for The European Investment Bank, Dr Bassam Fattouh discusses three main approaches for analyzing oil prices: non-structural models, the supply-demand framework, and the informal approach.

Oil Prices and Markets [0MB]

Dr Bassam Fattouh assesses the recent behaviour of oil prices focusing on ten relationships between oil prices and the market.

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