Covid-19 and climate change pose a one-two threat to global oil. While the pandemic continues to bring travel to a near standstill, the long-term specter of climate change is creating larger and more durable problems for oil-dependent economies. These twin threats have already stressed oil companies worldwide. But for petro-states like Saudi Arabia, the United Arab Emirates and Kuwait, the problems are compounded. These countries face major disruptions to their main source of government revenue and, perhaps, to their social stability. How has the coronavirus pandemic affected economies in the Persian Gulf? How can these countries cope with “lower for longer” oil prices and a long-run decline in oil demand?
At this webinar, two of the Gulf’s top economic minds described the region’s ongoing actions and future strategies for managing both crises.
9:00 a.m. — Presentation
9:30 a.m. — Q&A
Ziad Daoud, Ph.D.
Chief Emerging Markets Economist, Bloomberg Economics
Chief Executive Officer, Nomura Asset Management Middle East
Jim Krane, Ph.D.
Wallace S. Wilson Fellow for Energy Studies, Center for Energy Studies, Baker Institute