Lower Oil Prices Challenge Saudi Fiscal Policy
The sharp decline in oil prices raises difficult questions for OPEC+ and, if sustained, will have important implications for Saudi Arabia’s fiscal policy.
The sharp decline in oil prices raises difficult questions for OPEC+ and, if sustained, will have important implications for Saudi Arabia’s fiscal policy.
Iran has the capacity and desire to produce more oil and gas, but the need for new investment and the uncertain outcome of the U.S. presidential election in November represent key challenges.
Can the offshore Al-Nokhatha discovery help Kuwait’s oil and gas investments sail ahead?
While Gulf states are boosting their green energy potential, the demands of the energy transition require them to prioritize decarbonizing oil and gas production.
The next few years will be pivotal for the Gulf and the broader international community as the world’s energy architecture is redesigned to meet net-zero ambitions.
Chinese investors are less risk averse than their Western counterparts, hence their strong showing in the latest upstream opportunities offered by Baghdad.
While other Gulf Arab oil producing states have advanced diversification policies to ease reliance on oil revenue and increase renewable energy investments, Kuwait has lagged behind.
Iraq is stepping up efforts to reduce flared gas as the first solar power plant moves forward with France’s TotalEnergies.
Oil flows are redirected as war and Houthi attacks on shipping in the Red Sea disrupt traffic.
The short-term effects of the U.S. presidential election for policy toward the Gulf region are likely to be minimal, though the most consequential effect may be indirect and long term.
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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