Personal profile


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.

Education/Academic qualification

Bachelor of Economics, Renmin University of China

Doctor of Philosophy, University of Oklahoma

Fingerprint Fingerprint is based on mining the text of the person's scientific documents to create an index of weighted terms, which defines the key subjects of each individual researcher.

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Research Output 2005 2018

  • 140 Citations
  • 6 h-Index
  • 9 Article
  • 1 Chapter
  • 1 Conference contribution
  • 1 Discussion paper

Towards an Integrated Spot LNG Market: An Interim Assessment

Mu, X. & Ye, H. Jan 2018 In : Energy Journal. 39, 1

Research output: Contribution to journalArticle

Liquefied natural gas
Spot market
Market integration

The Distortionary Effect of Petroleum Production Sharing Contract: A Theoretical Assessment

Farimani, F. M., Mu, X. & Taherifard, A. 2017 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. Doerner, K. F., Ljubic, I., Pflug, G. & Tragler, G. (eds.). p. 555-561 6 p.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Interest rates
Oil prices
1 Citations

Willingness to pay for climate change mitigation: evidence from China

Li, Y., Mu, X., Schiller, A. & Zheng, B. 31 Jan 2016 In : Energy Journal. 37, China Special Issue, p. 179-194 16 p.

Research output: Contribution to journalArticle

willingness to pay
Climate change
climate change
2 Citations

Small trends and big cycles in crude oil prices

Mu, X. & Ye, H. 1 Jan 2015 In : Energy Journal. 36, 1, p. 49-72 24 p.

Research output: Contribution to journalArticle

Crude oil
Crude oil price
Random walk
7 Citations

Who benefit most from fuel subsidies?: Evidence from Nigeria

Soile, I. & Mu, X. 2015 In : Energy Policy. 87, p. 314-324 11 p.

Research output: Contribution to journalArticle

household expenditure
living standard


Depletion, Technology and Productivity Growth in Metallic Minerals Industry

Author: Mitra, S., 2016

Supervisor: Mu, X. (Supervisor) & Humphreys, D. (Supervisor)

Student thesis: Doctoral ThesisDoctor of Philosophy

Economic effects of fuel subsidy in oil producing countries : the case of Nigeria

Author: Soile, I., 2015

Supervisor: Mu, X. (Supervisor)

Student thesis: Doctoral ThesisDoctor of Philosophy

Oil Boom, Fiscal Policy and Economic Development: A Computable General Equilibrium Analysis of the Role of Alternative Fiscal Rules In Ghana’s Emerging Petroleum Economy

Author: Adam, M. A., 2014

Supervisor: Bhattacharyya, S. (Supervisor) & Mu, X. (Supervisor)

Student thesis: Doctoral ThesisDoctor of Philosophy


Should Oil-Producing Countries Go Downstream?

Author: Khayyat, S. H., 2015

Supervisor: Mu, X. (Supervisor) & Macatangay, R. (Supervisor)

Student thesis: Doctoral ThesisDoctor of Philosophy

The Distortionary Effect of Production Sharing Contract in Upstream Petroleum Industry

Author: Moridifarimani, F., 2018

Supervisor: Mu, X. (Supervisor) & Mackay, E. (Supervisor)

Student thesis: Doctoral ThesisDoctor of Philosophy