Author: Paul Rivlin / Content Type: Special Report

Author:: Paul Rivlin
Publication Date:: 03-2019
Content Type:: Special Report
Institution:: Moshe Dayan Center for Middle Eastern and African Studies
Abstract:: Recently, two trends became apparent in global oil markets. First, prices rose: the OPEC basket price reached $73.14 a barrel on 24 April 2019, a 40 percent rise over the price at the beginning of January, and 13 percent higher than the average for the year of 2018. According to the International Energy Agency, the reasons for higher prices included tighter global supplies that have prevailed due to strong compliance with OPEC’s decision in December 2018 to reduce production by 1.2 million barrels a day (mb/d), as well as sanctions against Venezuela and Iran, and conflict in Libya. These developments, along with the second trend of the rising US share in the global oil market discussed below, offset bearish factors including concern over the health of the global economy
Topic:: International Security and International Affairs
Political Geography:: Middle East

Author:: Paul Rivlin
Publication Date:: 03-2019
Content Type:: Special Report
Institution:: Moshe Dayan Center for Middle Eastern and African Studies
Abstract:: Several key questions arise with respect to China’s economic involvement in the Middle East: What are China’s interests in the Middle East? How far are they dominated by its energy needs? How are they affected by its relations with the United States? Since the reforms introduced by Deng Xiaoping at the end of the 1970s, China has experienced rapid economic growth. In 2000, China’s GDP was equal to 12 percent of that of the US; by 2017 it had reached 63 percent. It’s GDP per capita rose from under 3 percent of the US level to nearly 15 percent in the same period. In real terms, China’s GDP more than quadrupled and GDP per capita rose nearly as fast.
Topic:: International Affairs
Political Geography:: Middle East

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