A protracted period of dramatically lower oil prices has ushered in momentous challenges for Gulf Arab states and oil producing countries around the world. AGSIW hosted a daylong conference, “Petro Diplomacy: Challenges in the New Energy World,” focusing on key drivers of the oil price outlook, upstream oil investment strategies, economic and energy policy reforms in the GCC, and the impact of lower prices on foreign policy agendas at the regional and global levels. To conclude the day, AGSIW held a public forum to present highlights and recommendations from the day’s discussion.
Kate Dourian, MENA energy analyst at the International Energy Agency
F. Gregory Gause, III, John H. Lindsey ’44 chair, professor of international affairs, and head of the International Affairs Department at the Bush School of Government at Texas A&M University
Luay al-Khateeb, executive director of the Iraq Energy Institute
Monica Malik, chief economist at Abu Dhabi Commercial Bank
Karen E. Young, senior resident scholar at the Arab Gulf States Institute in Washington (Moderator)
Despite a “voluntary” production cut announced by Saudi Arabia for July, economic uncertainty overshadowed the June 4 OPEC+ meeting.
Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.