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 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.
With oil prices above $80 per barrel, OPEC and its Russian-led allies are optimistic about the future, but geopolitical developments threaten to throw the market off-kilter.
As the EU tries to overcome its strategic confusion, the transition to a greener economy could provide opportunities for EU-GCC relations.
AGSIW's seventh annual Petro Diplomacy conference examined the energy transition and ways in which the Gulf petrostates are positioning themselves for a net-zero environment.
Energy transitions are by their nature disruptive, but the pandemic has introduced a risk factor that might play out for years to come.
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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