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.
By investing politically and economically in the small states of the Indian Ocean, both on its African and Asian shores, Gulf Arab states are positioning themselves as pivotal actors in the region.
Learn MoreWhile some urge confrontation, powerful voices of reason emerge.
Iran's political factions appear to have their own distinct perceptions of the Trump administration’s Iran policy and try hard to take advantage of that policy in their factional struggle for power.
The potential disappearance of some 1 million barrels per day of Iranian oil, the continued decline in Venezuela’s production, and other geopolitical disruptions make for a tight market that can ill afford any further losses.
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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