This paper presents the highlights of the third annual edition of the BP Energy Outlook, which sets out BP’s view of the most likely developments in global energy markets to 2030, based on up-to-date analysis and taking into account developments of the past year. The Outlook’s overall...

In an attempt to reduce the influence of Russia as a main energy supplier to Europe, several members of the US Congress have increased pressure on the US government so as to urgently obtain permits to liberalize US exports of natural gas, mainly to Europe. Russia has recently cancelled an...

Interest has rapidly grown in the use of unconventional resources to compensate for depletion of conventional hydrocarbon resources (“easy hydrocarbon”) that are produced at relatively low cost from oil and gas fields with large proven reserves. When one wants to ensure the prospects for...

In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...

The Chinese government is actively promoting urbanization to stimulate its economic growth while facing increasingly prominent environmental concerns. The main objective of this research is to assess whether the Chinese government is making efforts to promote cleaner energy demand while pushing...

As for any other fuels used for transport or heating, the gas price for final users could be split into three major components: the wholesale price for the resource (including far distance transport by ship or pipeline), taxes and finally a assorted group of mainly smaller price drivers (such as...

This paper is concerned with the role of oil and gas in the development of the global economy. Its focus is on the context in which oil and gas producers in both established and developing countries must frame their policies in order to optimize the benefits of producing such resources. It...

This paper introduces residual shape risk as a new subclass of energy commodity risk. Residual shape risk is caused by insufficient liquidity of energy forward market when retail energy supplier has to hedge his short sales by a non-exible standard baseload product available on wholesale market....

Chapter 1 Analysis on the Structural Changes in the Global Oil and Gas Industry and Its Trend -- Chapter 2 The Development and Implication of Nature Gas Market in the Context of the Shale Revolution -- Chapter 3 The Development and Implication of Crude Oil Market in the Context of the Shale...