Opec’s headquarters in Vienna, Austria. Biden’s policy choices will be critical in the outlook for the Middle East’s oil and gas producers. Photo: Reuters
Opinion
Opinion
The View
Fate of Middle East oil producers turns on Biden’s actions on climate and Iran
- If Biden cuts US oil and gas output in favour of renewables owing to his commitment to climate change goals, prices will improve for the other major producers
- But if sanctions against Iran are dropped, even lower prices await
Opec’s headquarters in Vienna, Austria. Biden’s policy choices will be critical in the outlook for the Middle East’s oil and gas producers. Photo: Reuters
