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Letter from Saudi Arabia: US-Saudi energy ties enter a new phase
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
The curious case of oil-on-water
The market is facing being drowned in excess crude, but one caveat is that a large chunk is due to buyers reluctant to snap up sanctioned barrels
The duality of US shale
A sector beset by pessimism and pain amid price weakness contrasts with data signalling production strength and resilience
Accelerating MENA’s gas transformation
Gas has become a pillar of MENA economies and a catalyst for development strategies, fostering cooperation and creating new paths for economic diversification. Continued progress will require substantial investment and adapted regulations
MENA states sharpen their gas focus
The GCC countries and other states in the region are looking to make greater domestic use of gas, both that produced at home and imported volumes
Fear and loathing in US LNG buildout
Overall gas optimism is blighted by concerns over lingering regulatory and infrastructure hurdles that could hamper expansion of US LNG exports, weaken security and stifle AI ambitions
Middle East doubling down on oil strength
Saudi Arabia, the UAE, Iraq and Kuwait aim to turn geological advantage into sustained geopolitical power via greater spare capacity
Deepwater’s race against time
E&Ps are on the lookout for the next big deepwater discovery amid questions over the Guyana and Santos basins, but technological advancements provide optimism
US sees energy dominance as strategic necessity
The Trump administration is using energy exports to strengthen political and economic ties with allies and weaken adversaries, while simultaneously exploiting those ties to open up further markets for US energy
Iraq Iran US
Ahmed Mehdi
11 June 2019
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Another hot summer in prospect for Iraq

Protests could return this summer, against a background of political fragmentation

Improving electricity supply will be key to the legitimacy of Iraq's new government and to avoiding protests similar to those which roiled the country last summer. But the prospects do not look good. Iraq's prime minister Adel Abdul-Mahdi — touted as a harbinger of reform — remains weak (a hostage of inter-Shia political competition); public services in oil-rich Basra remain sub-par and current momentum for a referendum on creating a new federal region is gaining pace. And, despite Iraq's parliament passing a record budget this year, funds allocated for investment remain low — a reflection of the drag created by the country's public wage bill. The scale of the challenge The summer 2018 prote

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