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European gas: From bad to much worse
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
Trump’s gasoline price pledge paradox
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
Letter from Asia: The nuanced India-Russia oil picture
The South Asian consumer’s next move could tighten the Middle East oil market overnight
Letter from the Middle East: Aramco provides big global gas reveal
The Saudi energy leader’s announcement of first production at Jafurah and the launch of operations at the Tanajib Gas Plant marks a turning point not just for the company, but for the world’s energy landscape
A new oil flows playbook
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
China’s new oil position
OPEC, upstream investors and refiners all face strategic shifts now the Asian behemoth is no longer the main engine of global oil demand growth
The AI industry’s coming dominance of oil and gas
Tech giants rather than oil majors could soon upend hydrocarbon markets, starting with North America
Canadian producers positioned to ride out the downcycle
The country’s upstream players have demonstrated resilience to low oil prices and are well positioned to prosper despite a volatile market
OPEC+’s cohesive restraint
The alliance is keeping output on track and the market in balance amid geopolitical tensions and a fragile supply-demand ledger
EU methane regulation could backfire
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
Gas Markets
Paul Hickin,
Editor-in-chief
26 November 2024
Follow @PetroleumEcon
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Gas has ‘unique’ dual role to play in world energy, says GECF

Secretary General Hamel warns on gas underinvestment, and highlights the energy source as playing a transitional role in the West and being a destination fuel in the Global South

Natural gas is abundant, versatile, flexible and the cleanest of hydrocarbons—making it essential for supporting just and equitable energy transitions—according to Mohamed Hamel, secretary general of the Gas Exporting Countries Forum (GECF). In an exclusive interview with Petroleum Economist, Hamel explained that gas’ adaptability means it can act as both a transitional fuel in places such as Europe, which is clearly on the path to building out renewables, and also as a destination energy source that acts as a building block for economic growth in places such as Africa. Hamel also pointed out that the GECF projects gas demand will grow by 34% over the next three decades. By 2050, gas is expe

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European gas: From bad to much worse
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