For the OPEC+ Oil Producers, a Year of Caution Paid Off
As 2024 comes to a close, oil markets remain under a cloud of uncertainty shaped by geopolitical risks, weaker-than-expected Chinese demand, and an evolving energy transition landscape.
As 2024 comes to a close, oil markets remain under a cloud of uncertainty shaped by geopolitical risks, weaker-than-expected Chinese demand, and an evolving energy transition landscape.
As Trump seeks to maximize U.S. oil and gas output and choke off Iran’s oil exports, he will have no qualms about leaning into oil market issues.
Iran has the capacity and desire to produce more oil and gas, but the need for new investment and the uncertain outcome of the U.S. presidential election in November represent key challenges.
Gulf national oil companies represent a new pool of capital for global gas investment, and with some of their first forays in the United States, Gulf gas deals suggest Washington’s relations with Riyadh and Abu Dhabi are improving.
While Gulf states are boosting their green energy potential, the demands of the energy transition require them to prioritize decarbonizing oil and gas production.
The next few years will be pivotal for the Gulf and the broader international community as the world’s energy architecture is redesigned to meet net-zero ambitions.
Chinese investors are less risk averse than their Western counterparts, hence their strong showing in the latest upstream opportunities offered by Baghdad.
Iran’s oil resurgence is a critical market and political development, but the Iranian energy industry remains in a shaky state.
Recent Iranian claims have again raised questions over the contested Dorra gas field.
Gulf Arab states can solidify ties with Washington, while Trump stands to benefit personally and politically.
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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