OPEC

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Global Oil Prices Spiral Higher After Saudi Arabia and Russia Extend Supply Cuts

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.

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OPEC+ in a Battle Royal to Drive Oil Prices Higher but Macroeconomic Headwinds Thwart Progress

Saudi Arabia extends steep “voluntary” production cut through August but a weaker-than-expected Chinese economic recovery weighs heavily on market sentiment.

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Saudi Arabia Makes Unilateral Production Cut as OPEC+ Extends Quotas

Despite a “voluntary” production cut announced by Saudi Arabia for July, economic uncertainty overshadowed the June 4 OPEC+ meeting.

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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.

A Lack of Options in Yemen

The United States has not developed adequate responses for dealing with hybrid groups like the Houthis.

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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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