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Energy
A Gas OPEC: Inching Towards Reality?
On 25 January, Qatar's Energy Minister, Abdullah al-Attiyah, spoke of gas-producing nations' renewed interest in the formation of a "gas OPEC," during a news conference at the World Economic Forum in Davos, Switzerland.…
Neighbors Follow Saudi Arabia’s Lead in Energy Initiative
As reported last month, three Gulf states; Kuwait, Qatar and Oman; are expected to shortly sign up to the World Bank's Global Gas Flaring Reduction (GGFR) program. The GGFR partnership, launched in 2002, brings together governments of…
Saudi Crude Output and Asian Demand
Last month, Asian refiners mostly declined Saudi Aramco’s offer of extra crude oil barrels, with the exception of one refiner: India’s Reliance Industries which is increasing Saudi imports by 90,000 bpd, (representing close to one-third…