The current complex situation in the global oil market seriously tests the abilities of OPEC+ to play the role of a regulator, forcing Saudi Arabia to assume the main burden of responsibility for keeping oil prices from declining further and for shoring up the cartel ranks.
Gender parity in the Middle East is still many decades away, but it will largely determine the future of economic, social, cultural, and political development in the region.
Saudi LNG exports: Overcoming challenges to commercial success
After issuing positive statements around greenfield blue hydrogen projects in late 2022, the company, Bloomberg now reports, may be migrating away from the hydrogen scheme and toward LNG exports. Both would require significant capital investment. Assuming the company decides to pursue an LNG export project, it will face many potentially value-erosive challenges and risks that must be overcome before achieving economic success.
How the rumble in Russia reverberates around the Middle East
It is too early to tell whether the Wagner “uprising” is a one-off or foreshadows further cracks and the eventual collapse of Putin’s presidency, but the latter outcome would have lasting consequences in the MENA region.
Measure, verify, certify: How to future-proof Gulf companies in the energy transition
Several Gulf states have introduced renewable energy certificates into their low-carbon energy eco-system. What are RECs and how can they help companies navigate the energy transition?
Iran and the GCC connectivity agenda: Implication for Washington’s Iran policy
The prevailing political spirit in the Gulf region is presently one of de-escalation. In the case of the UAE and Iran, a number of existing connections could help hasten the process of de-escalation and enable it to happen faster than anywhere else in the region.The outcome should be of interest not only to the UAE and Iran but also to the U.S. given the latter’s long-standing efforts to shape Iranian policies.
Disease, destruction, flooded fields, and hunger: The far-reaching consequence of the Kakhovka dam collapse in Ukraine
Last week’s collapse of the Nova Kakhovka dam on the Dnipro River in Ukraine is one of the largest environmental disaster the Black Sea region and Europe has faced in decades. Its far-reaching environmental, economic, and humanitarian consequences will affect not just Ukraine and the Black Sea region, but also the Middle East and Africa.
Beijing to Baghdad: China’s growing role in Iraq’s energy sector
Chinese companies are well positioned to participate in Iraq’s efforts to expand its oil production capacity and develop domestic gas supplies, as they are actively engaged in various energy-related undertakings throughout the country. However, if indeed China’s strategy is, as some have suggested, to become the dominant player in Iraq’s economy, achieving that objective will likely prove difficult given Iraq’s challenging operating environment and contentious politics.
The Houthi partnership model: Is there a strategy behind the tactics?
With the international community viewing the latest “de-escalation roadmap” as paving the way for yet another transitional power-sharing agreement in an effort to “end” Yemen’s protracted conflict, it is useful to review how the Houthis have navigated past partnerships to understand how things may play out in the future.
Iran’s security chief Shamkhani did his job but had to go
Late last month, Iran’s Supreme Leader Ali Khamenei opted to replace the secretary of the Supreme National Security Council (SNSC), Ali Shamkhani. The latter’s removal after 10 years spent in this key role has generated much speculation, misinformation, and outright disinformation.
Putting Diplomacy First in the Middle East: Creating Incentives for De-Escalation
The Middle East is undergoing a historic transformation with unprecedented opportunities to build new relationships, de-escalate tensions, and foster conditions for stronger integration. At the same time, the region remains on edge because of ongoing tensions in Yemen, Syria, Iraq, and other conflict zones, a civil war that broke out recently in Sudan, along with the overarching challenges presented by fraught relations between Iran, Israel, and several Arab Gulf countries — with the longer-term implications of the still-fragile Iranian-Saudi rapprochement yet to be fully assessed.
War as a catalyst for greater Black Sea-Gulf interconnectivity
Russia’s full-scale invasion of Ukraine has destabilized and distressed the entire Black Sea neighborhood. Yet despite the war, or perhaps because of it, strategically important foreign direct investments into Black Sea littoral countries, including from the Gulf, have endured or even grown.
