Energy

The Gulf Arab states are casting a wide net in their pursuit of gas-supply security.

President Donald J. Trump's decision to exit the Iran nuclear deal and reimpose sanctions has injected a much higher level of volatility into oil markets, with prices scaling new heights to levels not seen since 2014. In reality, the disruption to Iranian exports and oil trading flows will be relatively limited, but against a backdrop of stronger global oil demand, declining stock levels, and the upcoming peak summer driving and cooling season, markets are unnerved. Equally, the broader implications for escalating regional tensions are expected to inflate the geopolitical price premium in markets going forward. The potential for conflict is squarely on the radar screen of everyone invested in the region, including oil executives.

These remarks were delivered on April 19, 2018 at the International Oil Summit in Paris by AGSIW Board Member Ibrahim Al-Muhanna. It is good to be back in Paris and to return to this distinguished energy summit. I would like first to express my thanks and appreciation to Pierre Terzian and Said Nachet for inviting...

Bahrain made its largest-ever oil find off the kingdom’s western coast, with Khalij al-Bahrain Basin estimated to contain at least 80 billion barrels of tight oil and 10-20 trillion cubic feet (tcf) of natural gas, officials announced on April 1. The discovery could double the country’s oil production levels, providing a significant economic windfall for...

Run by a young, second-generation farmer, Kenaneya Farm is located in Abdali, in northern Kuwait. Ali BouKhamseen’s passion for international cuisine and fine local ingredients led him to start farming, on top of maintaining a job in the energy sector. He recalls his early introduction to international flavors and specialty crops as he accompanied his...

Grand reform plans underway in the Gulf region, typified by Saudi Arabia’s National Transformation Program and Vision 2030, give an impression of fast movement. Important changes are undeniably underway. But, with the success so far of the OPEC pact to lift oil prices, there is a danger that systemic reform grinds to a halt as...

This post is part of an AGSIW series on Saudi Vision 2030, a sweeping set of programs and reforms adopted by the Saudi government to be implemented by 2030. As Saudi Crown Prince Mohammed bin Salman makes his cross-country tour of the United States this week, debate on the relevance of U.S.-Saudi ties, the feasibility of...

OPEC may need to maintain crude oil supplies at current lower levels for longer than planned, as surging U.S. shale oil dominates global oil markets for the next several years, according to a new report from the International Energy Agency (IEA).