Energy

AGSIW's conference, “Petro Diplomacy: Navigating the New Oil Era,” focused on critical issues facing the oil industry against the background of the shifting economic and political landscape in the region.

Almost nine months after OPEC and its non-OPEC partners implemented production cuts in a bid to rebalance oversupplied markets, tighter supply and demand fundamentals are now supporting prices in a higher $50-55 per barrel (/bbl) range. Global oil prices have ebbed and flowed daily but on a monthly basis have maintained a slow upward trend...

Economic liberalization tends to bring with it social, if not always political, openings. By definition, liberalization challenges existing orders.

OPEC’s expectations for a significant decline in global oil stocks for the rest of 2017 and into 2018 have been upended by new forecasts showing sharply lower demand for the producer group’s crude for the second half of 2017 and the first quarter of 2018. The International Energy Agency (IEA) unveiled substantial downward revisions to...

Heightened tensions between Washington and Tehran look certain to stall already challenging efforts by Iran to attract billions of dollars in foreign investment for its oil and gas industry. Iran finally signed its first major energy investment contract in early July with French energy giant Total but expectations that the deal will be the first...

OPEC and non-OPEC officials announced their expectation that the rebalancing of oil markets will accelerate in the second half of 2017 as a result of sharply stronger global oil demand growth and pledged to clamp down on member countries violating their production targets at the conclusion of the 4th Meeting of the Joint Ministerial Monitoring...

Surging population growth, large-scale infrastructure investment, and economic development progress have led to increased energy demand in the GCC states.

Three weeks after the Gulf Cooperation Council’s worst crisis erupted, the diplomatic and economic boycott imposed on Qatar – the world’s largest exporter of liquefied natural gas (LNG) – has created only marginal logistical disruptions for international LNG markets and has had no impact on oil supplies. Qatar, one of the smallest producers in OPEC...