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.
The oil market is showing concerns over weakening oil demand, and new Western sanctions on Russia have introduced an added element of uncertainty in a market already reeling from the repercussions of the Ukraine crisis.
The Arab Gulf States Institute in Washington's eighth annual Petro Diplomacy conference examined the upheaval in the oil and gas markets following Russia’s invasion of Ukraine and the role of Gulf Arab oil producing states in meeting the sudden demand surge.
Gulf states will have to reconcile their plans for increasing oil and gas production and investments in fossil fuels with their ambitious climate targets.
Aramco’s journey reflects not just the shift in Saudi energy policy but a broader reimagining of what national oil companies can achieve on the global stage.
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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