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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 Qatar were credit negative for all parties involved. Saudi Arabia last year led a coalition of Middle East countries in severing ties with Qatar, adding a layer of geopolitical risk to the global energy market.Read More


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 28) marks the de facto start of the summer holiday season ending in September. According to reports, retail gasoline prices have moved toward a national average of $3 per gallon, a psychological threshold indicative ofRead More


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, as the rock star of the energy world, is of the view that oil prices may continue to rally past its 3½-year highs, all the way to $85 a barrel, as soon as July. “WeRead More


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 project. The announcement has drawn unprecedented global attention to the memorandum signed between the two, The MoU seeks to build the world’s largest solar power project in Saudi Arabia at a cost of $200 billion.Read More