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Letter from the UAE: The GCC and Iran – No easy way out
For GCC producers, the ceasefire may prove more destabilising than the war itself: exports remain constrained, and control over Hormuz has shifted in ways that could endure
China’s secure energy transition
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
Do not politicise a geopolitical crisis – Ydreos
The Strait of Hormuz disruption has exposed weakness in the global energy system and reignited debate over security of supply, but it should not be used to justify an accelerated shift away from fossil fuels, says the secretary general of the IGU
A bigger and longer crisis
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
How Russia gains from the Hormuz supply shock
The US may be systemically stripping Russia of key geopolitical allies, but Moscow can reap rewards from the Hormuz crisis, both in the short and long term
Letter from Dubai: A safe haven under fire
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
Trump’s bid to reshape the global energy order
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
Energy dominance as diplomatic leverage
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
Explainer: Fujairah on high alert
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
Middle East oil vulnerabilities have been exposed
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
Aramco CEO Amin Nasser at CERAWeek in 2022
Opinion
Saudi Arabia Politics
Paul Hickin,
Editor-in-chief
Riyadh
21 March 2024
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Letter from Saudi Arabia: Don’t mistake Saudi energy policy

The country is not betting against long-term oil demand growth, it is planning for a hydrocarbons-led energy demand boom

It is a truth universally acknowledged that an oil company in possession of a good fortune must be in want of an energy transition strategy. But within that is a lie that is in danger of becoming equally commonplace: that this very strategy means replacing hydrocarbons with renewables.  Saudi Arabia, and its NOC Aramco, stands ready to write a new energy narrative. Aramco CEO Amin Nasser defended the oil industry with pride in Houston earlier in March and countered the prejudices from policymakers over the energy transition. He said at the CERAWeek conference that the current transition strategy overlooks affordability and reliability in supply, paints the industry as the “archenemy” and loo

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