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Published on Mar 2, 2017
Changes in the energy market, new entrants, and conflicting economic and national security interests at the regional and global level have altered the market power of Middle Eastern oil and gas producers. Industry developments and new policies under the Trump administration are likely to lead to the expansion of U.S. shale oil and gas production and increased exports. Russia vies daily with Saudi Arabia to be the world's largest producer, while prices remain far below levels of a few years ago. How are Middle Eastern states coping politically and economically with the challenges of a global energy market in an historic transition?
The Middle East Institute (MEI) was pleased to host Justin Dargin (Univ. of Oxford), Rauf Mammadov (MEI), Jean-François Seznec (MEI), and Brenda Shaffer (Georgetown Univ.) for a discussion of how major Middle Eastern states are navigating far-reaching change in the market and shifting relations between the players. Molly Williamson (MEI) moderated the discussion.