shutterstock_365191952 (1) Courtesy: Shutterstock
19 March 2020

Good and bad of low oil prices

The Coronavirus pandemic has caused crude oil prices to crash almost 40% even as Saudi Arabia and Russia pump more oil into the market. Fears are rife that this crisis will hit demand. There are repercussions on the U.S., the world’s top oil producer, on India, one of its new clients, and on the Gulf Cooperation Council countries

Capture d’écran 2020-02-04 à 16.00.17 Courtesy: Foreign Affairs
4 February 2020

The Unwanted Wars

Countries in the Middle East, such as Iran, Israel or Saudi Arabia, do not want a military confrontation. Yet, current circumstances conduce to the breaking out of just such a war

Global Energy Forum Courtesy: Atlantic Council
16 January 2020

A post-Soleimani energy world

The Atlantic Council Global Energy Forum, held in Abu Dhabi on 10-12 January 2020, had the top businesses and analysts of the global energy industry. It was also part of a larger event, the annual Abu Dhabi Sustainability Week, which aims to be a global platform for sustainability in various industries

shutterstock_294753152 Courtesy: Shutterstock
9 January 2020

Conflict with Iran primes U.S. economy

Oil prices, arms exports and conflict are inter related especially when it comes to the U.S. Its arms industry grows when high prices and conflicts coincide. This has kept West Asia on a perennial geopolitical boil. This infographic charts the highs and lows of U.S. arms sales, especially in the light of conflicts centred around West Asia

shutterstock_44385856 Courtesy: Shutterstock
2 January 2020

India’s diplomatic agenda in 2020

India will host four prestigious international conferences, such as the India-Africa Forum Summit and the subsidiary SCO Summit in the course of the next three years. These are historic opportunities for the country to show global leadership and fulfil a diplomatic agenda that involves handling strategic competition and advancing partnerships

shutterstock_1221395809 Courtesy: Shutterstock
19 December 2019

The mystery of Aramco’s stock price

The rise in Saudi Aramco’s stock price within two days of its IPO in November 2019, has taken the company’s market value past the $2-trillion mark. This valuation should not be taken at face value for the offering is miniscule, and closely linked to the ruler's prestige rather than stock market fundamentals

9780231179300 (1) Courtesy: Columbia University Press
24 October 2019

Energy Kingdoms: Oil and Political Survival in the Gulf

This book examines concisely and readably how the discovery of oil and natural gas transformed the six oil kingdoms of the Gulf, but profligate energy consumption at home challenged the basis of this very prosperity. It goes on to look at how these countries dealt with the economic crises that struck them

IMG_51561_small Courtesy: Princess Nora bint Abdul Rahman University
3 October 2019

Post-Abqaiq Saudi Arabia

The immediate panic in the aftermath of the missile attack on Saudi Aramco’s facility at Abqaiq underlines the still-critical role of the Kingdom to the world economy. The subsequent recovery of oil production – with no disruption – showed that Saudi Arabia is a reliable partner/guarantor of energy supplies. Our Energy and Environment fellow Amit Bhandari was in Riyadh recently for a conference, and describes a post-Abqaiq Saudi Arabia

46118329451_16cf134eac_o Courtesy: MEA/Flickr
27 June 2019

Gateway House on the G20

The 2019 G20 Summit in Osaka on June 28-29, is the 14th meeting of the Group of 20 leaders. The G20 is the world’s most influential economic multilateral forum. It is the agenda-setting forum that develops and guides rules of global economic governance. Under the Japanese Presidency, this summit will be the first to discuss and establish the rules for the worldwide governance of data, including current hot-button issues like data localisation and data sovereignty. India has both a preparatory and a contributory role to play in the G20 this year. For in 2022, it will be the President of the G20. India must identify its agenda early on; its a weighty responsibility but also an opportunity to set the global economic agenda.