Dr Xiaoyi (Shawn) Mu is a Reader in Energy Economics at Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP). He joined the centre in 2008 as a Lecture and promoted to Senior Lecturer in 2012 and Reader in 2016. Before joining the Centre, between 2006 and 2008, he was a Senior Consultant at Global Energy Decisions (now ABB Ventyx) in California, providing advisory services on electricity prices and asset valuation of power plants. From 1994 to 2000, he worked as an analyst and manager at the headquarters of China National Petroleum Corporation (CNPC) and PetroChina, engaged in strategic planning and coordination of marketing activities in the refining and marketing division, and crude oil sales and planning at the natural gas and pipelines division.
Dr Mu is a member of International Association for Energy Economics (IAEE) and won two Best Student Paper Awards (first places) in its international and North American Conferences. His research interest includes commodity pricing and volatility, industrial organization and strategies of energy companies, regulation and restructuring of energy industries, and China's energy policy. Dr Mu's papers have been appeared in such journals as Economic Inquiry, Energy Economics, Energy Journal, Energy Policy, and Journal of Industrial Economics.
Industrial organization and strategies of energy companies
Commodity pricing and volatility
Regulation and restructuring of energy industries
China's energy policy
Petroleum Economics and Policy (CP51009)
The aim of this module is to equip students with the economic, technical, and institutional knowledge for understanding the working of the international petroleum industry and to develop students’ capacity in analyzing the economic and policy problems associated with international oil and gas markets. The module is organized along the petroleum product value chain, such as exploration and development, production, refining and marketing, and natural gas monetization. By completing this module, students should have the knowledge and understanding of demand, supply and price dynamics of oil, gas and refined petroleum products and the skills to analyze trends and issues in oil and gas markets and to evaluate petroleum projects, contracts, and policies. The module is designed for an interdisciplinary audience and will not require a background in economics.
Economics of Regulation and Restructuring of Energy Industries
This main aim of the module is to introduce students to the rational for and
methods of economic regulation in energy and infrastructure industries, such as
the rate-of-return regulation, price-cap regulation and franchise bidding; the
issues related to regulation and deregulation; and the reasons for and pathways
of restructuring of energy industries. It draws upon recent theoretical and
empirical advances in public economics and industrial organization, and is
intended to provide students with an analytical framework for regulatory and
public policy analysis and a rigorous foundation for further study.
'Towards an Integrated Spot LNG Market: An Interim Assessment' Energy Journal, vol 39, no. 1. DOI:
The Distortionary Effect of Petroleum Production Sharing Contract: A Theoretical Assessment. in KF Doerner, I Ljubic, G Pflug & G Tragler (eds), Operations Research Proceedings 2015: Selected Papers of the International Conference of the German, Austrian and Swiss Operations Research Societies (GOR, ÖGOR, SVOR/ASRO), University of Vienna, Austria, September 1-4, 2015. pp. 555-561, International Conference on Operations Research, Vienna, Austria, 1/09/15. DOI:
'Willingness to pay for climate change mitigation: evidence from China' Energy Journal, vol 37, no. China Special Issue, pp. 179-194. DOI:
'Small trends and big cycles in crude oil prices' Energy Journal, vol 36, no. 1, pp. 49-72. DOI:
'Who benefit most from fuel subsidies?: Evidence from Nigeria' Energy Policy, vol 87, pp. 314-324. DOI:
'Current Account Adjustment in Developing Countries: The Role of Exchange Rate Regimes' Economic Inquiry, vol 51, no. 2, pp. 1566-1581. DOI:
'The safety regulation of small-scale coal mines in China: Analysing the interests and influences of stakeholders' Energy Policy, vol 52, pp. 472-481. DOI:
'Small trends and big cycles in crude oil prices' USAEE Working Paper 12-147, no. 12-147, United States Association for Energy Economics, Cleveland, OH, pp. 1-40. DOI:
'Understanding the Crude Oil price: How important is the China factor?' Energy Journal, vol 32, no. 4, pp. 69-91. DOI:
'Investment spikes and uncertainty in the petroleum refining industry' Journal of Industrial Economics, vol 58, no. 1, pp. 190-213. DOI:
'Weather, storage, and natural gas price dynamics: fundamentals and volatility' Energy Economics, vol 29, no. 1, pp. 46-63. DOI:
Local Option Sales Tax: A Decentralizing Policy? in L Kalambokidis (ed.), Proceedings 97th Annual Conference on Taxation: Minneapolis, Minnesota, November 11-13, 2004 and Minutes of the Annual Meeting of the National Tax Association, Thursday, November 11, 2004. National Tax Association, National Tax Association 97th Annual Conference on Taxation, Minneapolis, United States, 11/11/04.