AGSIW Energy Roundtables

A protracted period of dramatically lower oil prices has ushered in momentous challenges for Gulf Arab states and oil producing countries around the world. Oil markets are in uncharted territory, transformed by the advent of U.S. shale oil, set adrift by OPEC’s policy of pursuing market share, weighed down by a massive supply surplus, and searching for a new, higher price floor. The fiscal pressures brought on by lower oil prices have set in motion long-awaited economic restructuring of government-related entities and a fundamental shift in domestic energy policies of Gulf oil exporters. This series explores the drivers of the oil price outlook, upstream oil investment strategies, economic and energy policy reforms in the Gulf Cooperation Council, and renewable energy.