Abu Dhabi traditionally managed its oil and gas resources cautiously and conserved hydrocarbon wealth for future generations, but the energy transition is reshaping its strategy.
A $7 billion deal with French oil major Total could provide a lifeline for Iraq’s fragile economy.
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.
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