The recent OPEC+ decision to not freeze production growth demonstrates the growing power of consumers.
Nikolay Kozhanov is a research associate professor at the Gulf Studies Center of Qatar University. He is also a senior research fellow at the Institut... e of World Economy and International Relations in Moscow.
Economic considerations will guide the incoming Raisi administration’s domestic and international policies.
The ongoing bombing of Gaza is unlikely to deter the UAE from investing big in its new ally’s gas fields.
The US shale oil boom has removed protecting Gulf oil from Washington’s list of top priorities.
Even if demand recovers by the end of the year, the oil market will be slow to recover.
Why did Russia start an oil price war and can it win?
Russia fears an escalation between Iran and Israel and wants to avoid it at any cost.
The uncertainty after the attacks is causing some big buyers to look for alternative supply channels.
US-Russian cooperation on Iran has its limits.
Having vowed to protect the ‘downtrodden’, the Islamic Republic is unable to undertake any major structural reforms.