Oil Markets Face Uncertainty After Surprise OPEC+ Production Cut
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.
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Oil Markets Stable but Chinese Demand Surge and Russian Output Cut Pose Risks
Whether oil supply will match an anticipated demand surge hinges on Russia’s response to sanctions and OPEC+ output policy.
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IEA Projects Record Oil Demand in 2023, but Russia and China are Key
Oil market reports highlight uncertainties relating to the speed of the recovery in China and the impact of sanctions on Russian oil exports.
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OPEC+ Stays Put as Russia Oil Price Cap and EU Embargo Come Into Force
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.
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Event Report – Petro Diplomacy: Gulf Countries on the Front Line of Energy Security
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.
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OPEC+ to Cut Production, but Should Heed Energy Market Shifts
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.
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Oil Price Rally Resumes After Biden Leaves Saudi Arabia
The U.S. president got promises but no firm commitments on an oil production increase during his visit to Saudi Arabia.
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The European Union and Gulf Energy: A Gateway for Cooperation
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.
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OPEC+ Producers Move to Ease Supply Crunch, but the Market Still Wants More
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.
Solar and Wind Energy Driving the Middle East’s Energy Transition
If Middle Eastern countries are to reduce carbon emissions and reach their net-zero targets, solar and wind energy must be scaled up to provide zero-carbon energy and displace natural gas.
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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.
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