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.
With the Houthis making gains in their offensive on Marib, and anti-Houthi alliance fragmenting, the United States is out of options on Yemen.
Learn MoreGulf states like Saudi Arabia and the UAE see the decline of Islamist groups in North Africa as a win for regional stability and cooperation; but even if Islamist parties may be slowly fading from the picture, this by no means suggests they are disappearing.
The same conditions that have enabled steady economic growth in the UAE have also provided legislative loopholes and opportunities for criminal and illicit activities; but ensuring an attractive business environment is a fundamental priority to boost the country’s economic recovery.
Energy transitions are by their nature disruptive, but the pandemic has introduced a risk factor that might play out for years to come.
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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