The oil shock of 1973 changed everything. It brought the golden age of American and European economic growth to an end; it destabilized Middle Eastern politics; and it set in train processes that led to over one hundred million unexpected – and unwanted – immigrants.

Part 1 Gulf Energy Sector and the COVID-19 -- Chapter 1 GCC Oil Industry Response to the COVID-19 Challenge -- Chapter 2 Qatar LNG Industry in the post-COVID Period -- Chapter 3 Renewable Energy Prospects in the GCC in the Post-COVID era -- Part 2 Socio-Economic Dimensions of the Oil Market...

We show that OPEC's market power contributes to climate change by enabling producers of relatively expensive and dirty oil to start producing before OPEC reserves are depleted. We examine the importance of this extraction sequence effect by calibrating and simulating a cartel-fringe model of the...

This paper proposes a novel approach to study the macroeconomic effects of oil prices, exploiting institutional features of OPEC and high-frequency data. Using variation in futures prices around OPEC announcements as an instrument, I identify an oil supply news shock. These shocks have...

This paper deals with the complexities of crude oil geopolitics in the wake of recent escalating tensions between OPEC led by Saudi Arabia and OPEC plus members led by Russia. The paper traces the story of the Syrianic Dreams of global super powers in the Middle East and in the surrounds of the...

Purpose: This paper examines whether the economies of oil-exporting countries respond to oil shocks differently, depending on the country’s political economy factors, such as regional economic alliance, stage of economic development, and the exchange rate regime, using a structural Vector...