Featured content

NEW REPORT

Fri, Mar 6, 2020

A new energy strategy for the Western Hemisphere

The Western Hemisphere is full of potential and we have the opportunity to galvanize it into an energy powerhouse. This new US energy strategy for the Western Hemisphere will help raise the global competitiveness of the hemisphere, advance its shared prosperity, and improve national and energy security as a result.

Report by David L. Goldwyn

Americas Climate Change & Climate Action

Oil & Gas events

Wed, Mar 11, 2020

Atlantic Council press call: Oil market meltdown: Price wars, coronavirus, and energy geopolitics

Last week’s breakdown of OPEC+ meetings in Vienna has turned a demand side driven decline in oil prices caused by the impacts of Coronavirus into an oil price war between two oil producing giants, with US shale production the ostensible target. If the standoff continues, however, the price war might ultimately do more harm to the Saudi and Russian economies. With increasing uncertainty about the depth of Coronavirus’ impact on global growth, the price war might also contribute to a sharp decline in the global economy. Helima Croft, David L. Goldwyn, Jean-Francois Seznec, Anders Aslund, and Randolph Bell discuss ongoing market volatility, the origins of the crisis, what’s next for US shale, and the implications of it all for energy and geopolitics

Event Recap

Coronavirus Energy & Environment

Tue, Mar 3, 2020

How Naftogaz outfoxed the Kremlin and can do it again

Where does Naftogaz stand six years after the Maidan revolution? What is the current state of the Ukrainian energy sector? And what has been the impact on the broader European market? Naftogaz CEO Andriy Kobolyev joins the Atlantic Council to shed light on the issues at hand.

3:00pm Washington DC

Fri, Feb 7, 2020

Private Discussion with US Assistant Secretary Francis R. Fannon

On February 7, 2020, the Atlantic Council IN TURKEY hosted Assistant Secretary of State for the Bureau of Energy Resources Francis R. Fannon for a private roundtable with business leaders and experts in Istanbul. Atlantic Council Turkey Program Director and Representative Defne Sadıklar Arslan moderated the roundtable. Assistant Secretary Fannon was visiting Turkey for talks […]

11:00am

Experts

Content

Thu, Mar 26, 2020

Stimulus bill’s lack of funding for the SPR and clean energy is a lose-lose for the country

Not including $3 billion for purchase of crude for the Strategic Petroleum Reserve (SPR) or support for clean energy initiatives in the soon-to-be passed $2 trillion stimulus package is a missed opportunity and a lose-lose for US energy security and leadership on climate action.

EnergySource by Randolph Bell

Coronavirus Energy Markets & Governance

Thu, Mar 26, 2020

Dual demand and supply shocks have created historic oil crisis, IEA executive director says

Dramatically lower oil demand due to the coronavirus pandemic and an emerging supply glut caused by the failure of major oil producers to cut production has slammed the global oil market with a crisis “unique in history,” according to Dr. Fatih Birol.

New Atlanticist by David A. Wemer

Climate Change & Climate Action Energy Markets & Governance

Wed, Mar 25, 2020

Tough times ahead for African oil producers

The precipitous decline in oil prices related to the coronavirus pandemic will have significant economic knock-on effects in Africa. Central African producers look to be the most vulnerable, but the shocks will be felt everywhere.

AfricaSource by Luke Tyburski

Africa Angola

Mon, Mar 23, 2020

Russia is out of control: The dangerous Mr. Sechin

Russia is out of control. All of a sudden, it has launched an oil price war, even though it is unrealistic that the Kremlin can defeat Saudi Arabia and the United States in such a contest. Saudi Arabia’s population is one-fifth of Russia’s, while holding equivalent international currency reserves. The United States is still a net oil importer, meaning that its economy benefits from low oil prices. Russia, by contrast, is a major oil exporter and is utterly dependent on high oil prices.

New Atlanticist by Anders Åslund

Corruption Oil and Gas

Tue, Mar 17, 2020

Cohen in Forbes: Central Asia needs a financing solution to low oil prices

In the News by Atlantic Council

Central Asia Energy & Environment

Thu, Mar 12, 2020

Oil market meltdown?

Over the weekend of March 7–8, the breakdown of the previous oil production agreement between Russia and Saudi Arabia led to the broader collapse of the arrangement between OPEC and OPEC+. What will the rift will mean for the global oil market?

EnergySource by John Soughan

Coronavirus Energy Markets & Governance

Wed, Mar 11, 2020

Atlantic Council press call: Oil market meltdown: Price wars, coronavirus, and energy geopolitics

Last week’s breakdown of OPEC+ meetings in Vienna has turned a demand side driven decline in oil prices caused by the impacts of Coronavirus into an oil price war between two oil producing giants, with US shale production the ostensible target. If the standoff continues, however, the price war might ultimately do more harm to the Saudi and Russian economies. With increasing uncertainty about the depth of Coronavirus’ impact on global growth, the price war might also contribute to a sharp decline in the global economy. Helima Croft, David L. Goldwyn, Jean-Francois Seznec, Anders Aslund, and Randolph Bell discuss ongoing market volatility, the origins of the crisis, what’s next for US shale, and the implications of it all for energy and geopolitics

Event Recap

Coronavirus Energy & Environment

Tue, Mar 10, 2020

Katz quoted in Marketplace on oil prices and production

In the News by Atlantic Council

Energy & Environment Energy Markets & Governance

Mon, Mar 9, 2020

Saudi Arabia and Russia feud over coronavirus oil response: Will everyone lose?

"While Russia’s decision last week not to support OPEC’s proposal for a production cut and the subsequent oil price war—which as of publishing has pushed Brent crude down more than 9 percent—is surely part of the larger story of the economic impacts of the coronavirus outbreak, it is actually better understood as a geopolitical story about how US energy production growth has strengthened the United States’ international posture, which in turn has reshaped a number of global relationships," Randolph Bell says.

New Atlanticist by David A. Wemer

Coronavirus Energy Markets & Governance

Fri, Mar 6, 2020

Cohen in Forbes: OPEC+ talks collapse sending crude prices to 2017 lows

In the News by Atlantic Council

Energy & Environment International Markets