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.
Despite cutting more than half of Saudi Arabia’s current crude oil production, the market response to the attacks on Saudi oil facilities has been muted.
Learn MoreStrikes on Saudi oil facilities are an opportunity to marshal a global coalition to restore deterrence in the Gulf.
The reshuffling of top officials in Saudi Arabia’s flagship state-owned firms and key ministries underscores the growing authority of the Public Investment Fund.
Rising tensions in Yemen’s South are rooted in long-held Southern grievances and a desire for autonomy.
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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