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Wed, Jun 24, 2020

Rapid response: The SABIC-Aramco merger

Saudi Aramco’s acquisition of the Saudi Basic Industries Corporation (SABIC) finalized on June 16, 2020, provides a window into the Saudi strategy to become a world-scale chemicals producer. However, the structure of the deal also offers an interesting look into the Saudi financial position amid low oil prices and a global pandemic.

EnergySource by Jean-François Seznec

Energy & Environment Energy Markets & Governance

Tue, Apr 14, 2020

Oil price war ends, but coronavirus demand crisis remains

The result of the OPEC+ marathon negotiations should help restore some positive market sentiment and possibly firm up something of a price floor over the short term. However, the impact of a month-long price war, amidst deteriorating oil demand, risks eventually drawing the deal into sharp relief over the next few weeks.

New Atlanticist by Reed Blakemore

Coronavirus Energy Markets & Governance

Tue, Mar 24, 2020

The implications of the coronavirus crisis on the global energy sector and the environment

The current drop in oil demand—caused, in large part, by severe reductions in travel due to the coronavirus—combined with the Saudi-Russia oil price war has simultaneously, if temporarily, lowered greenhouse gas emissions (GHG). However, the drop in GHG emissions is likely to be unsustainable in the long term, and the currently low cost of oil has raised questions about the future of clean energy deployment and climate action.

New Atlanticist by Jennifer T. Gordon

Coronavirus Energy & Environment

Jean-François Seznec is a senior fellow with the Atlantic Council Global Energy Center. He is also an adjunct professor at the McDonough School of Business at Georgetown University and at Johns Hopkins’ School of Advanced International Studies. He teaches classes on finance, energy, and politics in the Persian Gulf. He holds a MIA from Columbia University (1973), a MA, and his PhD from Yale University (1994). He has published and lectured extensively on chemical and energy-based industries in the Gulf, and their importance in world trade. He is interviewed regularly on national and international TV, radio, and newspapers. Dr. Seznec has twenty-five years of experience in international banking and finance, of which ten years were spent in the Middle East. Dr. Seznec is managing partner of the Lafayette Group, a US-based consulting and investment company. His research centers on the influence of the Arab-Persian Gulf, as well as political and social variables on the financial and oil markets in the region.