Troubled waters in the Gulf
The Qatar crisis has ensured that the region can no longer boast being an oasis of tranquillity
These are, to put it mildly, unsettling days for the Arab Gulf states. The Qatar crisis demonstrates dramatically what they had perhaps been unwilling to accept before: the comfort blanket of solid and enduring political stability has been removed. After decades of quiet oil-funded prosperity and back-seat regional politics, the six states of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) face a maelstrom of challenges. Even before the Qatar controversy erupted, the population of the Gulf was witnessing a radical change in leadership styles—at least in two of the key GCC states, Saudi Arabia and the UAE. Two charismatic and ambitious le
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised