Energy-Rich Qatar Goes From Crisis to Surplus

Jun 7, 2018 (BE2C2) — Recovering from political disputes, a $10 per barrel increase in the price of oil could add about 4 percent to GDP from gas-rich Qatar, Fitch Ratings reported. Qatar is the second-largest exporter of liquefied natural gas in the world, behind Australia. Last year, Moody’s Investors Service said regional disputes with […]

Gas Prices Close to a Psychological Threshold in the U.S.

Memorial Day weekend gas prices highest in four years May 27, 2018 (BE2C2) — Consumer gas prices in the U.S. for the Memorial Day weekend was the highest they’ve been in four years and will likely stay that way through the summer, the U.S. government said. The three-day holiday weekend in the U.S. (May 26-May […]

Rough Ride Ahead For Crude Oil

SYED RASHID HUSAIN (May 21, 2018) – Crude markets are entering an absorbing phase. Prices continue to hover around $80 a barrel, amid indications that prices could soar further. Yet, concerns about oil markets persist. Eminent energy analyst Daniel Yergin, once described by the then Aramco chief Khaled Al-Faleh and the current Saudi energy czar, […]

Solar Power: The New Saudi Oil Which Could Lead Region’s Energy Supply Chain By 2030

Venture may cost $200 billion, add 100,000 jobs in the kingdom; Plan envisions 200GW of solar capacity in Saudi Arabia by 2030 — i.e. half of the world’s 400 gigawatts of combined solar energy supplied last year. May 18, 2018 (BE2C2) — Recently, Saudi Arabia and Japan’s SoftBank announced the world’s biggest solar power generation […]