ADNOC CEO Sultan Ahmed Al Jaber is overseeing an aggressive policy of partial privatization and has brought in new strategic partners to better serve the company’s international operations and export markets.
The International Energy Agency’s Oil 2019 medium-term outlook sees strong growth in U.S., Iraqi, and Emirati oil production, while Saudi Arabia focuses on maintaining current capacity.
The Gulf is extremely vulnerable to climate change and the clock is ticking to keep the lights and air conditioners on without causing harm to their already fragile environment.
The energy system is undergoing a radical shift away from fossil fuels in a world where oil is no longer king. However, to meet demand growth, oil and gas will remain key components of the energy mix for decades to come.
With Saudi Arabia's now-confirmed oil reserves, and an expected growth in global demand, the kingdom is likely to continue to play a central role in the energy arena.
The economic relationship between Saudi Arabia and India should be a fruitful one. However, domestic policy decisions and geopolitical tensions pose new – but ultimately surmountable – obstacles.
OPEC and its non-OPEC allies are working to drain excess supply and balance oil markets, but much depends on whether the expanded oil producers’ club remains committed to production cuts.
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.”
Looking to boost oil prices, OPEC and its non-OPEC allies have agreed to curtail oil production by 1.2 million barrels per day, but the volume of barrels taken off the market may prove to be much higher.
Qatar’s recent Cabinet reshuffle and announcement it will withdraw from OPEC are decisions that are not likely to herald a strategic shift in the country’s direction, but they do demonstrate that Doha is, once again, pursuing its own regional interests.
Learn MoreThrough 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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