ISIL's oil production maybe in decline but that does not mean the group will simply disappear.
Despite a new IMF deal, Egypt’s economy still has a number of structural reforms that need to be dealt with.
Egypt is in a different league than its neighbors in the Eastern Mediterranean when it comes to oil and gas exploration.
The shortcomings that characterized Egypt’s economy before the 2011 uprising remain in place. Until they are addressed, renewed political volatility remains possible.
Egypt’s economic crisis deprives the regime of the financial and economic resources needed to sustain a solid social base among public sector employees, and hence hinders the consolidation of authoritarian rule.
Markets largely dictate how the relationship between oil companies and host states will play out, with governments attempting to ensure they receive a ‘fair share’ of petroleum revenues.
Saudi Arabia's latest drive to reform its economy will not be cheap or easy although now there seems to be a stronger will to carry out necessary changes than in years past.
When the time comes, new approaches to economic reconstruction are needed in Syria.
Although Saudi Arabia has appointed a new oil minister, it will most likely continue to maintain its current petroleum production policy.
Iraq must weigh its objectives for market share against the risk that oil prices may fail to rebound if it does not join the production freeze outlined by fellow OPEC members.