Gas

Oil marches upward in October on supply concerns

Oil prices in October hovered over their highest since 2014, with demand pressures exceeding supply. Expectation of higher natural gas prices encouraging a switch to oil and continued relaxation of travel restrictions supported prices. Supply is also expected to be tighter with Saudi Arabia’s oil minister dismissing calls for a steeper increase in output. IEA expects current energy crunch to boost oil demand by 500,000 bpd. It estimates the resulting supply gap to be at 700,000 bpd until OPEC+ increases...

The Middle East Is Looking to Dominate the Hydrogen Race

Climate control having become a top item on global agenda there is a rush to adopt non-fossil fuel sources like wind, solar and hydrogen. The development of wind and solar energy is progressing rapidly and the cost of power generation from these sources is falling rapidly. The renewable power sector growth is fueling ambitions for a hydrogen fuel economy for transportation, power generation, industry and residential heating purposes. Sources indicate that we may see hydrogen starting to become competitive with...

الغاز الطبيعي فوق النفط: قصة مختلفة

For several decades, gas sector has been on the backseat largely overshadowed by oil, which commanded a larger market compared to the aggregate of all the other commodity markets. Natural gas, the least polluting fossil fuel compared to its peers such as coal and oil is set for a major transformation. The commodity's long-term demand is expected to soar in the coming years due to transition towards a low carbon future and growing usage of natural gas specifically in the...