Future of oil in the middle east
Home Press Room Speeches Speeches 2017 The future economy of oil from the Middle East and across OPEC. The future economy of oil from the Middle East and across OPEC. Speech delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the International Petroleum Week, 21 February 2017, London, England. Stability today is also vital Moreover, the clustering of the reserves in the Middle East also means that at some point in the not too distant future, a greater share of the oil supply will inescapably be coming from that region. As highlighted in the shifts described above, the global ramifications of developments in the Middle Eastern energy landscape are significant, and what happens globally will impact the future of the Middle East. The politicization of oil prices in general and the current drop in value could hurt the shale oil boom in the US and Canada.