for Middle East
The unexpected outcome of Iraq's recent parliamentary elections has sweeping implications for the country's agreements with international oil companies and OPEC.
Although Saudi Arabia is seeking to launch an IPO of its state-owned oil company and wants to overhaul its entire economy, foreign investors may balk at the opportunity.
The UAE recently announced that it rolled out draft standards for fuel economy in order to reduce emissions. This action follows the emirate's Gulf neighbor Saudi Arabia, which implemented similar measures earlier this year.
With international events happening at a quick pace and relationships with allies and enemies in flux, the next president will have a long list of foreign policy challenges, with major oil-producing countries as top concerns.
Regulatory turf wars, disputes over the eligible crudes for physical delivery, and a sharp downturn in trading in a number of markets in the region have delayed the opening of China's crude benchmark.
Cross Post: I joined Platts reporters Herman Wang and Brian Scheid to discuss ISIS oil operations, revenues and exports; we also touch on bigger questions like whether or not international prices impact the ISIS market.
The deteriorating relations between Saudi Arabia and Iran amid the Saudi execution of several Shia prisoners, including a prominent cleric, add a key uncertainty to oil markets in the upcoming year, and for the longer-term stability of the Middle East,
Between terrorism attacks on soft targets around the world, the struggle against ISIS, Syria’s civil war, and broader instability throughout the Middle East, the situation today is, in many ways, worse than post-9/11.
Early this year, Washington was confident that ISIS oil revenues were drying up. Now it's not so sure.
Oil has been the foundation of many Middle East and North African economies, but leaders of these countries are now looking to solar for their next energy revolution.