• CERAWeek
  • March 18 - 22, 2024

Axel Pierru

King Abdullah Petroleum Studies and Research Center (KAPSARC)

Vice President, Knowledge & Analysis (A)

Axel Pierru received his Ph.D. in economics from Paris Pantheon-Sorbonne University. In 2011 Dr. Pierru joined KAPSARC in Saudi Arabia, after spending 15 years at IFP Energies Nouvelles in France where he led research, training, and consulting projects. Dr. Pierru, who has served in various positions at KAPSARC, is the acting Vice President for Knowledge and Analysis. Dr. Pierru undertakes applied research that combines methodological innovation with practical relevance for policymaking. He is experienced in speaking to academic, industry and government audiences. His expertise covers oil market, energy economics, policy, finance and modeling, and oil-exporting economies. He has developed novel lines of research, such as the role of OPEC in stabilizing the oil market, the economic modeling of price controls and subsidies, or the evaluation of investment projects by international oil companies facing various tax systems. Dr. Pierru has a proven track record of innovative research with around 50 journal papers to his name. His work has been published in The Energy Journal, Energy Economics, Energy Policy, Economics of Energy & Environmental Policy, International Journal of Forecasting, Applied Economics, Economic Modelling, Quarterly Review of Economics and Finance, European Journal of Operational Research, Journal of Alternative Investments, Resources Policy, OPEC Energy Review, Applied Financial Economics, and other journals. He coauthored with Denis Babusiaux the book Corporate investment decisions and economic analysis. Exercises and case studies that contains numerous examples from the energy sector.

Sessions With Axel Pierru

Thursday, 9 March

  • 03:30pm - 04:15pm (CST) / 09/mar/2023 09:30 pm - 09/mar/2023 10:15 pm

    KAPSARC | OPEC+ Impact on Oil Price Volatility

    This Lyceum presentation will examine the influence of OPEC/OPEC+ on the level and volatility of oil prices. It will discuss insights derived from modeling efforts published or forthcoming in academic journals. It will first assess the extent to which OPEC's management of its spare capacity stabilized the oil market prior to 2017. It will then show an analysis of how the concerted actions by the larger community of OPEC+ members have affected prices, including during the tumultuous period in which the COVID-19 pandemic took hold. This research demonstrates that OPEC+'s efforts to stabilize the market reduced price volatility by up to one half, both before and during the pandemic.