Oil Markets Steady Despite Growing Insecurity in the Middle East
Oil flows are redirected as war and Houthi attacks on shipping in the Red Sea disrupt traffic.
Oil flows are redirected as war and Houthi attacks on shipping in the Red Sea disrupt traffic.
While geopolitical tensions have the oil market “on edge,” the IEA expects a well-supplied market amid weaker demand.
Iran’s oil resurgence is a critical market and political development, but the Iranian energy industry remains in a shaky state.
The divergence between the IEA and OPEC outlooks is largely due to assumptions regarding the speed at which internal combustion engine vehicles will be replaced by electric vehicles.
A substantial drawdown on global oil stocks is forecast for the fourth quarter amid record oil demand, accelerating the rise in oil prices to the $100 per barrel threshold.
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.
Despite a “voluntary” production cut announced by Saudi Arabia for July, economic uncertainty overshadowed the June 4 OPEC+ meeting.
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.
A wary ruling from an international court of arbitration against Turkey complicates relations among Baghdad, Ankara, and Erbil.
The crisis between Iran and Israel may be contained for now, but the breakdown in decision making that led to the end of Iran’s “strategic patience” carries risks going forward.
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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