Energy

Saudi Crown Prince Mohammed bin Salman will begin his first visit to the United States as presumptive heir to the throne; it comes at a crucial time, with Saudi social and political changes and economic reform gaining steam and Trump administration policies toward Iran growing more confrontational.

On February 22, Djibouti seized control of the Doraleh Container Terminal from its joint owner and operator, the Dubai-based DP World.

A protracted period of dramatically lower oil prices has ushered in momentous challenges for Gulf Arab states and oil producing countries around the world. This series explores the drivers of the oil price outlook, upstream oil investment strategies, economic and energy policy reforms in the Gulf Cooperation Council, and renewable energy.

As part of its energy series, AGSIW was pleased to host a private roundtable discussion with Majid Al-Moneef, former secretary general of the Supreme Economic Council of Saudi Arabia and member of the board of directors for Saudi Aramco, examining the energy dimension of Saudi Arabia’s reform programs. Read full remarks

If you are in the construction business and a Gulf government is your client, be sure to be paid in advance.

Global oil prices opened the new year on a high note, reaching three-year peaks by mid-January, spurred on by robust winter demand growth, supply outages, and the strong commitment by OPEC and its non-OPEC partners to maintain production curbs through the end of 2018.

Gulf Arab energy producers are increasing investments in oil and gas projects after several years of weaker activity following the mid-2014 price collapse.

OPEC and its non-OPEC allies reached an agreement at their November 30 meeting in Vienna to formally extend production cuts to the end of 2018 with the deal subject to review at a biannual meeting in June. The parameters of the agreement remain the same, with the coalition of 24 OPEC and non-OPEC participating countries...