Analysis: As the global economy recovers from Covid-19, oil production and prices are expected to surpass pre-pandemic levels. But with changing market dynamics and acceleration towards renewables, the energy market could be in for a volatile year. The economies of energy-producing countries in the Middle East will be heavily reliant …
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Analysis: Amid a trend of de-escalation, Turkey and the UAE are repairing broken ties. But while economic relations are driving the rapprochement, political differences remain. Turkey’s relations with Arab countries have been strained in recent years, but the US withdrawal from Afghanistan has created a new balance of power in the region. …
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n the short term, Turkey’s economic situation is a good incentive for Ankara to reach an agreement with Abu Dhabi, which could greatly alleviate Turkey’s economic problems; in return, a retreat from the ideological foreign policy can do much to alleviate tensions in relations between the two countries in the …
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The failure to resolve the problems in the Crescent contract, and the dissatisfaction on the Emirati side, show that the importance of energy diplomacy is not yet understood by the officials of the Ministry of Oil and the Iranian government. Exporting natural gas to its neighboring countries has been a top priority …
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Sanctions have had a devastating impact on Iran’s oil production and exports, preventing much-needed investment in the country’s ageing fields and barring it from legally exporting crude oil to global customers. Using a range of evasion tactics, however, Iran has succeeded in circumventing sanctions and maintaining a steady — albeit …
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In August 2020 the UAE became the third Arab country to normalize relations with Israel after Egypt (1979) and Jordan (1994), and the first country in the Gulf region; however, secret relationships have been going on for years. The UAE-Israel historical deal was widely welcomed by some of the region’s leaders, as well …
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