Petro Diplomacy 2017: Political and Economic Flashpoints for Oil Markets
Jason Bordoff, Elena Ianchovichina, JeanFrancois Seznec, Ibrahim AlMuhanna, and Karen E. Young (Moderator) Critical geopolitical issues and major economic reform efforts amid a low growth, low oil price environment have created challenging financial imperatives for the GCC region. A new generation of Gulf leaders are upending political agendas, from the embargo on Qatar and its impact on the regions economies to a more muscular, costly military posturing in Syria and Yemen to escalating tensions with Iran. The nascent SaudiRussian axis in oil affairs is the foundation for the new OPEC and nonOPEC cooperation on oil policy but doubts persist if the relationship can withstand conflicting political agendas on Iran and Syria. As a result, the new dynamics of GCC relations with neighbors and allies, including the Trump administration, are having a profound impact on energy geopolitics.
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