The events of recent months, including a series of critical statements by international players about the reluctance of OPEC+ to raise output beyond its established quotas, have clearly demonstrated the changing realities in the oil market. In addition to global uncertainty, the dynamics between Saudi Arabia, Russia, and the U.S., as well as the actions of Asian oil consumers, have become other key factors shaping the cartel’s behavior.
أوبك بلس تواجه اختبارات جديدة لاستراتيجيتها لموازنة السوق في عام 2022
عندما أعلن البيت الأبيض في عهد الرئيس جو بايدن أنه قد نجح في ضم العديد من الدول الرئيسية المستهلكة للنفط في محاولة لتنسيق عمليات الإفراج عن احتياطيات البترول الاستراتيجية (SPRs) حول العالم، بدا أن هذا سيكون العامل الرئيسي الوحيد في أسواق النفط التي ستناقشه أوبك بلس في
Diplomacy Is the Key to Reducing US Forces in the Mideast
U.S. military posture is a perfect example of the interdependence between defense strategy and foreign policy. Defense professionals in the Pentagon can come up with the best ideas for where and how the United States should station its troops and military assets overseas, but without the necessary U.S. diplomacy to secure security agreements or understandings with global allies and partners, those concepts will not be implementable.
Bilal Saab, senior fellow and founding director of MEI’s Defense & Security Program, discusses the recently completed Defense Department Global Posture Review (GPR), his thoughts on the review and process, and how it will impact the U.S. strategy in the Middle East.
Energy Prospects in the Gulf: The Oil Price Ascent, in Brief
While oil prices have rebounded before soaring since the depths of collapse in the spring of 2020 — with Brent crude prices skyrocketing from $19 per barrel in April 2020 to a three-year high of $86 per barrel in October 2021 — the prospects for a sustained high oil price for Gulf producers is unlikely.
OPEC+ faces new tests to its market balancing strategy in 2022
When President Joe Biden’s White House announced that it had successfully enlisted several major oil-consuming countries in an effort to coordinate releases from strategic petroleum reserves (SPRs) around the world, it looked like this would be the only major factor in oil markets that OPEC+ would need to consider at its upcoming meeting on Dec. 2. Then came Omicron. The newly discovered variant of the COVID-19 virus sent benchmark oil prices plunging on Nov. 26 as uncertainty over its impact roiled global markets.
The EU’s Strategic Compass: Preparing to navigate MENA “with less US”
After almost two years of work, the first draft of the EU’s so-called Strategic Compass was presented on Nov. 15. The objective of this military strategic plan is to agree on a set of proposals to guide the bloc’s defense cooperation efforts for the next five to ten years. Previous attempts at seriously bolstering Europe’s defense ambitions have often been half-hearted, but this time could be different because Europe feels genuinely threatened.
Under the Biden administration, calls for a NATO Black Sea strategy have amplified. A gamechanger for the much-needed regional strategy is Georgia’s and Ukraine’s path to membership. NATO’s strategic reassessment, to be finalized next year at the Madrid summit in June, will likely fall short of granting Ukraine and Georgia the desired Membership Action Plan. Nevertheless, NATO’s strategic reassessment offers the opportunity of a partnership upgrade for one or both countries.
Algeria-Morocco tensions: The onset of a regional cold war
On Nov. 1, three Algerian citizens were killed in the disputed territory of Western Sahara. The Algerian presidency issued a statement accusing Morocco of carrying out an attack with a “sophisticated weapon” on two Algerian transport convoys. This was only the latest episode in a process of escalation between the two countries. The Algerian authorities had previously cut their diplomatic relations with Morocco on Oct. 24 due to rising tensions. Even though the relationship between Algiers and Rabat has long been contentious, the death of three Algerian citizens could prove to be a turning point.
Leading a Resilient Lebanese Armed Forces Through Crises and for the Long Run
Repeated crises in Lebanon, including the COVID-19 pandemic, have highlighted the need for resilience in the Lebanese Armed Forces (LAF). Amid the current acute economic and financial crisis facing the country, there are warning signs about the LAF’s incapacity to continue, as the resources at its disposal and popular confidence in its effectiveness have both been degraded. In light of the current challenges and those that may lie ahead, the LAF needs to become more resilient, able to both adapt and strengthen as an organization, while also ensuring public security, the conditions of its personnel, and its own long-term status.
The 3+3 format in the South Caucasus doesn’t add up
During his recent visit to Tbilisi, U.S. Defense Secretary Lloyd Austin poured cold water on the idea of American support for a so-called “3+3 format” in the South Caucasus. When asked about the proposal, he said, “I would just say that Russia, which currently occupies 20% of Georgia’s territory, should focus on honoring its 2008 cease-fire commitments before promoting any new discussion platforms.”
The Fragile State of Food Security in the Maghreb: Implication of the 2021 Cereal Grains Crisis in Tunisia, Algeria, and Morocco
North Africa has entered a food security crisis. Tunisia, Algeria, and Morocco are witnessing food inflation levels not seen since the civil unrest of the Arab Spring a decade ago. Although the Maghreb’s current food crisis was precipitated by the local and global economic shocks brought on by the onset of the COVID-19 pandemic in 2020 and its 2021 aftermath, the structural fragility of the food systems in Tunisia, Algeria, and Morocco is responsible for severity of the problem. At the core of this fragility is the failure to implement adequate measures to address the impact of increased water scarcity and debilitating climate change.
For Mali and the Sahel, New Tensions and an Old — and Worsening — Security Problem
Events in the Sahel, and Mali especially, are taking an uncertain and worrying turn. Mali witnessed two coups d’état in less than a year, while the West African Sahel went through its most violent year yet and there are no signs that the violence is slowing down. In the midst of this unprecedented instability, recent developments involving Mali’s transitional government and the international community, France in particular, provide no assurances that things are likely to improve anytime soon.
