After a decade of Tripoli, Tehran and Caracas being irrelevant in oil markets, foreseeable political developments could bring 4.5 million barrels per day back from 2021
Keeping prices in the range of $30 to $50 per barrel will allow producers to regain market share lost this year, but adjustments still need to be made monthly
Industries that build on the region’s existing competitive advantages can help with boosting employment, diversification, technological sophistication, food security, non-oil exports and sustainability
Iraq is committed to reducing its oil production as the country's economy is projected to shrink 9.7% this year with the government registering a budget deficit of 22% GDP