Mana al-Otaiba, former oil minister of the United Arab Emirates, shared a poem with OPEC at its Vienna meeting last week.
The Gulf Arab states are casting a wide net in their pursuit of gas-supply security.
President Donald J. Trump's decision to exit the Iran nuclear deal and reimpose sanctions has injected a much higher level of volatility into oil markets, with prices scaling new heights to levels not seen since 2014. In reality, the disruption to Iranian exports and oil trading flows will be relatively limited, but against a backdrop of stronger global oil demand, declining stock levels, and the upcoming peak summer driving and cooling season, markets are unnerved. Equally, the broader implications for escalating regional tensions are expected to inflate the geopolitical price premium in markets going forward. The potential for conflict is squarely on the radar screen of everyone invested in the region, including oil executives.
These remarks were delivered on April 19, 2018 at the International Oil Summit in Paris by AGSIW Board Member Ibrahim Al-Muhanna.
There are simultaneous efforts by Qatar and Saudi Arabia to attract investors for new bond issues this week. The “bond-off,” or race to sale, is yet a new example of the use of economic means to achieve political ends.
Bahrain made its largest-ever oil find off the kingdom’s western coast, with Khalij al-Bahrain Basin estimated to contain at least 80 billion barrels of tight oil and 10-20 trillion cubic feet (tcf) of natural gas, officials announced on April 1.
Run by a young, second-generation farmer, Kenaneya Farm is located in Abdali, in northern Kuwait.
Grand reform plans underway in the Gulf region, typified by Saudi Arabia’s National Transformation Program and Vision 2030, give an impression of fast movement.
Though the Oil Link may be broken, the United States and Saudi Arabia remain linked by economic and investment ties, energy markets and a shared interest in global economic stability.
The Layali Al-Qaisariyah festival in Al-Hofuf, in Saudi Arabia’s Eastern Province, is an illuminating example of how the kingdom's art and entertainment agenda manifests outside the major cities.Learn More
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.Learn More