Qatar Frees Itself of OPEC

Novikov Aleksey via Shutterstock

by Giorgio Cafiero Qatar’s recent decision to leave the Organization of Petroleum Exporting Countries (OPEC) effective January 1, 2019 marks the first time a Middle Eastern member has left the cartel. Nonetheless, given Qatar’s national strategic needs and forecasted trends… Continue Reading  

As Trump Goes Nuclear on Iranian Oil, Europe Must Match His Brinkmanship

Donald Trump (Gage Skidmore via Flickr)

by Esfandyar Batmanghelidj In the view of veteran observers of the oil industry, Trump has “gone nuclear.” Speaking during a background briefing on Tuesday, a senior state department official announced that the the Trump administration wants to completely eliminate imports… Continue Reading  

OPEC and President Trump: His Tweets Don’t Matter

Photo by Tech. Sgt. Rhonda Moraski

by Thomas W. Lippman There are several possible explanations for the tweet President Trump sent out on Wednesday criticizing the Organization of Petroleum Exporting Countries (OPEC) for the continuing rise in the price of oil. One is that he simply… Continue Reading  

The Gulf Crisis: Secondary Effects

Qatar_Airways,_QR802,_Airbus_A330-202,_A7-ACB,_Arrived_from_Doha,_Kansai_Airport_(16989975447)

by James Spencer There is a putative Chinese curse: “may you live in interesting times.” It’s especially the case where the markets are concerned. Markets hate instability, and yet that is exactly what they have experienced this past week in… Continue Reading  

The Erosion of West-Saudi Relations

Secretary_Kerry_Meets_With_Newly_Appointed_Saudi_Defense_Minister_Prince_Mohammed_in_Riyadh_(17215778540)

by Eldar Mamedov On December 14, the European Parliament adopted a report on the E.U.’s common foreign and security policy, which expresses the assembly’s views on key issues in the E.U.’s external relations. Among other positions, the E.P. condemned the… Continue Reading