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.
OPEC’s oil market management could be more nuanced than the blunt instrument of quotas, and should OPEC recast its mission as assisting its members in energy transition and economic diversification, it might attract less opprobrium.
The FSO Safer is a ticking time bomb. The U.N. has a plan to address the issue of the decaying oil tanker, but it must be resolved now before it becomes an environmental tragedy.
U.N. diplomatic efforts on the ground keep a lid on the conflict, but the prospects for a roadmap to elections – and greater stability – remain dim.
China’s willingness to boost imports of discounted Russian crude oil reinforces why Gulf oil- and gas-producing states should strive for diversified energy partnerships.
The U.S. president got promises but no firm commitments on an oil production increase during his visit to Saudi Arabia.
In recent years, the EU has been inattentive to the GCC, but the immediate Ukrainian crisis and the long-term climate crisis have combined to jolt Brussels out of this complacency.
The alliance of producers is hastening the timetable to restore barrels of oil to the market in a deft diplomatic maneuver that has been welcomed by Washington and Moscow.
Gulf states will have to reconcile their plans for increasing oil and gas production and investments in fossil fuels with their ambitious climate targets.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