The alliance of producers is hastening the timetable to restore barrels of oil to the market in a deft diplomatic maneuver that has been welcomed by Washington and Moscow.
Gulf states will have to reconcile their plans for increasing oil and gas production and investments in fossil fuels with their ambitious climate targets.
Europe is desperately seeking alternatives to Russian gas, but the Kurdistan Regional Government has some way to go before it can produce excess gas for exportation.
Kuwait and Saudi Arabia’s deal to develop the Dorra gas field could set up a confrontation between Iran and Kuwait – one of the GCC states with which Tehran has the most cordial relations.
The war in Ukraine has brought about a change of direction and exposed the vulnerabilities of an energy world in transition.
The IEA’s release of over 60 million barrels of emergency oil stocks was the largest in IEA history. But there is increasing recognition of the need to coordinate such short-term measures with longer-term solutions.
Should more countries follow the EU’s lead and step up efforts to seek alternative supplies of oil and gas, Russia could find itself out in the cold, whether it wins or loses the war against Ukraine.
The Russian invasion of Ukraine crystallizes existing Gulf policies and could form the backdrop to further regional polarization and instability.
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