For the OPEC+ Oil Producers, a Year of Caution Paid Off
As 2024 comes to a close, oil markets remain under a cloud of uncertainty shaped by geopolitical risks, weaker-than-expected Chinese demand, and an evolving energy transition landscape.
A unique pattern of provincial or regional consortiums from China are deeply engaged in marquee Belt and Road Initiative projects that are shaping the future of China’s power in the Gulf.
The Kuwaiti emir’s visit to China generated intense debate, centered around a rumor about a deal to develop Kuwait’s northern islands, highlighting anxieties about the country’s future.
With China’s strong and stable economy and large-scale domestic market, the GCC states are finding a promising opportunity in strengthening economic ties.
For the United States, the Houthi threat in the Red Sea should be treated as part of strategic competition instead of merely a local or regional challenge.
Learn MoreAs 2024 comes to a close, oil markets remain under a cloud of uncertainty shaped by geopolitical risks, weaker-than-expected Chinese demand, and an evolving energy transition landscape.
The increasing investment into public art shows a commitment by Abu Dhabi to expand access to the city’s cultural offerings.
As Trump seeks to maximize U.S. oil and gas output and choke off Iran’s oil exports, he will have no qualms about leaning into oil market issues.
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.
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