Abstract: The negative impact of the coronavirus pandemic on the hydrocarbon producers of the Gulf Cooperation Council (GCC) is raising serious questions about the need to change the focus of Gulf energy security from; the necessity to protect the interests of Gulf oil consumers, to the need to ensure the interests of oil producers themselves. The GCC countries have already been severely tested by; contracting economic growth, falling incomes from exports, low oil and gas prices, unpredictable hydrocarbon market fluctuations, a steep drop and sluggish growth in oil demand, as well as intense competition with other oil and gas producers. In order for the GCC hydrocarbon producers to adequately respond to emerging challenges, it is important to clearly define and understand the origins of these issues, the majority of which. are deeply connected to the oil and gas market transformation which started long before the coronavirus pandemic.