Energy

Strikes on Saudi oil facilities are an opportunity to marshal a global coalition to restore deterrence in the Gulf.

To be effective, Saudi Arabia needs to keep its oil sector healthy while invigorating the other value-creating parts of the economy.

Countries that export larger quantities of low-sulfur crude oil will be the foremost beneficiaries of the demand brought on by IMO 2020, but the new regulations will not be a boon for everyone in the region.

For the Gulf Arab states, renewables could contribute to reducing greenhouse gas emissions while also supporting economic goals of meeting increasing domestic energy demand and creating jobs.

OPEC appears to be stuck in a vicious cycle of cutting production only to see its share of the market filled by the United States and other, higher-cost producers that are not bound by the production restraints of the OPEC+ agreement.

Iraq aims to grow its oil and gas production capacity to meet its domestic needs, but this will take time, a commodity the country can ill afford.

The oil market has had a somewhat muted reaction to recent attacks on oil tankers, appearing to have set aside concerns about the diplomatic storm brewing in the Middle East and instead focusing on the latest oil demand projections.

Saudi Aramco's and the Abu Dhabi National Oil Company’s overseas investment initiatives could serve to lay the framework for a Saudi-Emirati energy partnership that accelerates each company’s ambition of challenging global oil and gas majors.