Changing Landscapes: New Strategies for the Big Three Oil Producers
The “Big Three” global oil producers’ strategies have changed in response to three crises that affected oil markets in the last seven years. While the problems related to the cyclical calamities are familiar, the clean energy transition’s anticipated challenges are new. This article reviews the responses and strategy adjustments by Saudi Arabia, the United States, and Russia, and outlines new areas of uncertainty.
Vitaly Yermakov, ‘Changing Landscapes: New Strategies for the Big Three Oil Producers’, Journal of International Affairs, April 2021.