Energy

A $7 billion deal with French oil major Total could provide a lifeline for Iraq’s fragile economy.

Saudi Arabia and Russia appear to be on the same page now, but OPEC+ will have to consider the impacts of its market management policies if it wants to avoid the pitfalls that have contributed to oil price volatility in the past.

OPEC+ producers seem to have adopted a wait-and-see attitude, but as maintaining production cuts becomes more difficult for the smaller producers, they may be tempted to cash in while prices are high.

AGSIW experts explain what regional trends they’ll be following most closely as the year unfolds.

The new variant of the coronavirus, new lockdowns in several parts of the world, and the slower-than-expected rollout of the vaccine cast doubt on the timing of a recovery that would sustain higher production.

In 2020, the coronavirus pandemic dealt a significant blow to global climate diplomacy, but the strengthening of a number of trends might signal more momentous changes to come.

The OPEC+ alliance managed to stamp out dissent within its ranks and come to a compromise deal that will keep the market guessing in the months ahead.

Signs of strain within OPEC could reflect negatively on the market by casting doubt on the commitment of OPEC+ countries to adhere to production targets.