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Energy

OPEC+ Tests the Shale Sector

OPEC+ producers are increasing output in the face of a global economic downtown. This will be a major test for non-OPEC producers, but OPEC+ seems confident that time is on its side.

A pumpjack works on a pad near a housing development in Dacono, Colorado, July 4, 2024. (AP Photo/David Zalubowski, File)

Trade Tensions and Tariffs: IEA, EIA, and OPEC Slash Global Oil Demand Forecasts

Global demand forecasts by leading agencies have diverged sharply, reflecting a deepening sense of uncertainty about the future path of the global economy.

Iran Eyes Russian Gas

Proposed Russian investments may come in handy as Iran attempts to develop its gas infrastructure, but international sanctions and geopolitics pose major problems.

Russian President Vladimir Putin, left, and Iranian President Masoud Pezeshkian pose for a photo during their meeting at the Kremlin in Moscow, Russia, January 17. (Vyacheslav Prokofyev, Sputnik, Kremlin Pool Photo via AP)

OPEC+ Hikes Output as Trump Tariffs Rattle Global Markets

The concern for Gulf oil producers is that tariffs on major Asian powers could impact their manufacturing sectors and economies and dampen demand for oil.

Gulf Countries Drive Forward With Electric Vehicles

While the Gulf Arab states are making significant strides toward electrifying transportation and reducing emissions, the journey is fraught with challenges.

The Reach of the GCC’s Booming Renewables Sector Exceeds Grasp

Exports of power from the Gulf’s thriving renewables and battery sector could become a key driver of the economy, but restrained grid interconnectivity with neighbors limits any breakthrough.

Oil Prices and Gulf Economic Policymaking

The oil price environment remains manageable but looks increasingly uncomfortable for some Gulf states.

BP’s Return to Kirkuk

A new deal between the Iraqi government and BP to develop oil fields in Iraq's most contested province could rekindle a century-old flame between Baghdad and Erbil.

Signage is seen outside a BP petrol station in Liverpool, Britain, February 7, 2023. (REUTERS/Phil Noble)