Energy

If Middle Eastern countries are to reduce carbon emissions and reach their net-zero targets, solar and wind energy must be scaled up to provide zero-carbon energy and displace natural gas.

Despite a “voluntary” production cut announced by Saudi Arabia for July, economic uncertainty overshadowed the June 4 OPEC+ meeting.

International renewable energy certificates, which are increasingly popular in the Gulf, can help fuel the growth of the renewable energy industry as the world transitions away from fossil fuels.

OPEC+ supply cuts starting in May could aggravate an expected oil supply deficit in the second half of 2023 at a period of greater economic uncertainty.

A wary ruling from an international court of arbitration against Turkey complicates relations among Baghdad, Ankara, and Erbil.

While the global energy transition will present challenges for the Gulf Arab states, there are climate-compatible ways to use a significant portion of Gulf hydrocarbon reserves.

While the Basra-Aqaba pipeline project promises economic, energy, and security benefits for Iraq and Jordan, high costs and political and security risks pose huge feasibility challenges.

Whether oil supply will match an anticipated demand surge hinges on Russia’s response to sanctions and OPEC+ output policy.