Continued Progress in Saudi Economic Diversification
Efforts to diversify the Saudi economy continued to bear fruit in 2023, although oil is still the dominant economic force.
The Arab Gulf States Institute in Washington's eighth annual Petro Diplomacy conference examined the upheaval in the oil and gas markets following Russia’s invasion of Ukraine and the role of Gulf Arab oil producing states in meeting the sudden demand surge.
AGSIW's seventh annual Petro Diplomacy conference examined the energy transition and ways in which the Gulf petrostates are positioning themselves for a net-zero environment.
AGSIW's sixth annual Petro Diplomacy conference focused on the impact of the coronavirus pandemic on the energy sector and the transition to a low carbon economy.
On October 2, AGSIW held its fifth annual Petro Diplomacy conference, exploring what measures the oil-producing states are adopting to manage the global transition to renewables and alternative energy sources and how this will impact demand for oil in the decades ahead.
On October 18, 2018, the Arab Gulf States Institute in Washington convened its fourth annual Petro Diplomacy conference, “Back to the Future – Oil and Gas at the Center of New Growth in the GCC States.”
On September 25, 2017, speakers and discussants from the oil industry, finance, government, and academia convened in Washington to examine the challenges of navigating the new oil era at the third annual Petro Diplomacy conference.
Oil, economic growth, and politics have long been intertwined in the Middle East, transforming the region over the past 50 years into a dynamic player on the global stage.
In June 2014, the price of oil, projected to continue increasing to at least $125 to $150 per barrel WTI, collapsed within six months to just under $50 per barrel.
Iran's recent experiences may bolster the influence of factions within the regime advocating for a shift in Iran's nuclear strategy.
Learn MoreEfforts to diversify the Saudi economy continued to bear fruit in 2023, although oil is still the dominant economic force.
Exhibitions staged by four Gulf countries look to the past and present while seeking to redress contemporary misconceptions and advocate for change.
The crisis between Iran and Israel may be contained for now, but the breakdown in decision making that led to the end of Iran’s “strategic patience” carries risks going forward.
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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