Energy

2024 was a record-breaking year for global energy demand, and the energy transition appears to have a messy road ahead.

The coming weeks will offer clarity about whether President Trump’s claim – “China can now continue to purchase Oil from Iran” – signals an informal recalibration of Washington’s Iran sanctions strategy or a tactical feint without lasting repercussions.

Israel has targeted Iranian gas facilities, but a strike against oil infrastructure would be far more damaging and would impact global oil balances.

AGSI explains what Israel’s sudden and massive attack on Iran is likely to mean for Gulf Arab states, Iran, the United States, and global and regional economies.

On June 24, AGSI convened its Petro Diplomacy conference for the 11th consecutive year.

As Gulf states expand their influence across supply chains, fuel types, and geopolitical alliances, the choices made today will define the region’s role in the new energy order and the emerging world that surrounds it.

The lifting of U.S. sanctions could pave the way for the eventual return of oil and gas revenue for Syria, but the road to recovery will be long.

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.