Oil

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Event Report – Petro Diplomacy: The Energy Transition and the Road to COP28

AGSIW's ninth annual Petro Diplomacy conference examined how the Gulf Cooperation Council countries are managing the energy transition and expectations for the United Nations Climate Change Conference, COP28, in Dubai beginning in November.

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Saudi Arabia Makes Unilateral Production Cut as OPEC+ Extends Quotas

Despite a “voluntary” production cut announced by Saudi Arabia for July, economic uncertainty overshadowed the June 4 OPEC+ meeting.

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Oil Markets Face Uncertainty After Surprise OPEC+ Production Cut

OPEC+ supply cuts starting in May could aggravate an expected oil supply deficit in the second half of 2023 at a period of greater economic uncertainty.

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Long-Running Turkey-Iraq Oil Dispute Continues to Simmer, Despite Court Decision

A wary ruling from an international court of arbitration against Turkey complicates relations among Baghdad, Ankara, and Erbil.

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A New Opportunity for the Basra-Aqaba Pipeline?

While the Basra-Aqaba pipeline project promises economic, energy, and security benefits for Iraq and Jordan, high costs and political and security risks pose huge feasibility challenges.

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Oil Markets Stable but Chinese Demand Surge and Russian Output Cut Pose Risks

Whether oil supply will match an anticipated demand surge hinges on Russia’s response to sanctions and OPEC+ output policy.

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IEA Projects Record Oil Demand in 2023, but Russia and China are Key

Oil market reports highlight uncertainties relating to the speed of the recovery in China and the impact of sanctions on Russian oil exports.

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OPEC+ Stays Put as Russia Oil Price Cap and EU Embargo Come Into Force

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.

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Event Report – Petro Diplomacy: Gulf Countries on the Front Line of Energy Security

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.

Oman Steps Up Low-Carbon Ambitions

For Oman, the transition to cleaner energy sources is both an imperative and a practical economic path to a more sustainable future.

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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.

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