OPEC+ producers seem to have adopted a wait-and-see attitude, but as maintaining production cuts becomes more difficult for the smaller producers, they may be tempted to cash in while prices are high.
The new variant of the coronavirus, new lockdowns in several parts of the world, and the slower-than-expected rollout of the vaccine cast doubt on the timing of a recovery that would sustain higher production.
AGSIW's sixth annual Petro Diplomacy conference focused on the impact of the coronavirus pandemic on the energy sector and the transition to a low carbon economy.
The coronavirus pandemic has altered perceptions as to the direction of energy demand growth and more weight has been given to the net-zero commitments by major consuming countries and how these will shape the energy system in the decades ahead.
Gulf oil producers need to show some urgency and establish a strategy compatible with a carbon-neutral world.
The option to return to the pre-crisis model of rising oil demand is quickly disappearing.
As Gulf Arab policymakers continue to confront an ambiguous future, they will rely heavily on familiar economic policy measures and avoid straying from the status quo as long as possible.
Oman’s precarious reliance on energy exports to China and insufficient Chinese investment in non-oil segments of the Omani economy leave the sultanate in a weak position to address urgent economic challenges.
It will take time for the new Iraqi government to formulate its energy policies amid an unprecedented health and economic crisis. But the electricity sector is among the most in need of new investment and rehabilitation.
Although there are many reasons to believe the U.S.-Saudi partnership can endure, the need for both parties to repair trust has rarely been more urgent.Learn More
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