The global gas and liquefied natural gas (LNG) market is currently witnessing an increase in the number of new manufacturers and an increase in the geopolitical importance of this product. Given that the share of natural gas in a country’s energy portfolio will increase by 2040, countries with natural gas …
Read More »
Supply and demand are the two central elements of price stability in the global energy market. Moreover, the rate of economic growth of major energy-consuming countries such as China and India also plays an important role in market stability. In addition to these two main components, geopolitical events in major …
Read More »
In recent years, Saudi Arabia has had a comprehensive plan to reduce the share of oil in its economy, and it is seeking to increase the share of renewable energy in electricity generation. Saudi Arabia currently consumes about a quarter of its oil production, which is expected to remain almost …
Read More »
The main goal of OPEC is to coordinate and unify the oil policies of its members, and to identify the best ways to protect their interests individually and collectively. OPEC is also looking for ways to guarantee world market prices by eliminating unnecessary volatility. OPEC’s continuing viability and its impact …
Read More »
Saudi Arabia has an incredible opportunity to move away from its complete dependence on oil, but it will need to make a number of structural changes to ensure its plans are not derailed. The reality is that the Saudi economy, including the private non-oil related sector, is heavily dependent on …
Read More »
– Saudi Arabia’s quicker than expected output restoration sparks oil price fall Oil prices declined contrary to expectations due to the quicker than expected restoration of Saudi Arabia’s output, the contained global response to the drone attacks on Saudi Aramco’s facilities, and greater output from other supplier countries like Qatar, …
Read More »
In recent years, Saudi Arabia has had a comprehensive plan to reduce the share of oil in the economy, and it is seeking to increase the share of both renewable energy and natural gas in electricity production for export. It is also investing in high value-added products to reduce dependence …
Read More »