The IEA report says that, by 2050, seven out of 10 new cars will need to be electric. (Tesla) Gas for Transport

IEA at odds with industry consensus on EV growth

Divergent forecasts of fossil fuel demand over the next 20-30 years reflect sharply different perceptions of how many electric cars will be on the roads.

By Peter Stewart 22 March 2017
Recent increases in Iranian production have come from South Pars. (Pars O&G) Policy & Regulation

Iran’s tough stand reflects investment ambitions

Iran’s forthright rejection of proposals to freeze oil production reflects its ambitious investment plans for its oil and gas sector now that sanctions against the country have been largely removed.

28 September 2016
Attempts to end Syria's civil war offers hope for the country’s tottering oil and gas sector. (Gulfsands Petroleum) Supply & Demand

Syria ceasefire a glimmer of hope for oil and gas

Syria’s failed ceasefire has at least planted a seed for discussing the eventual rehabilitation of the country’s tottering oil and gas sector.

21 September 2016
An oil platform off Angola. Production by OPEC members has reached record levels. (Galp) Supply & Demand

OPEC and IEA say prices will stay lower for longer

The latest market outlooks from oil producing and consuming organisations suggest a significant recovery in oil and gas prices may not happen until 2018.

14 September 2016
Tesla's utility-scale battery blocks are among some of the better-known energy storage solutions. (Tesla) Pipelines, Storage & Power

Energy storage may be a Black Swan for gas demand

Energy storage is becoming increasingly competitive, and if this development continues it could have significant consequences for gas.

7 September 2016
The Marcellus is the most prolific gas formation in the US, but the rig count there has fallen. (Statoil) Exploration & Production

US oil and gas production to decline in year ahead

A decline in US oil and gas production will tighten the market this winter, but the trend could reverse towards the end of next year as rig counts are improving.

10 August 2016
A drillship off the Brazilian coast. (Anadarko) Exploration & Production

Statoil’s pre-salt deal will boost role of IOCs in Brazil

Statoil’s purchase of a majority stake in the BM-S-8 block offshore Brazil is a pivotal moment for IOCs’ ambitions to acquire a piece of the country’s pre-salt acreage.

3 August 2016
BP's Q2 profits almost halved as a result of lower oil prices and weak refining margins.(BP plc) Companies & Finance

Gloomy Q2 results expected for oil and gas majors

The release of Q2 results by major oil and gas companies will offer insight into how they are coping with the current low price environment.

27 July 2016
The response of Turkish President Recep Tayyip Erdogan to the failed coup is being monitored by EU leaders. (EC) Global Markets

Turkish coup could have far-reaching impact

The coup attempt in Turkey had little effect on the flow of oil and gas through the country, but the long-term consequences of political instability could be profound.

20 July 2016
The ruling on the disputed territorial claim could escalate the standoff in the South China Sea. (US Navy, Flickr) Global Markets

South China Sea ruling risks escalating dispute

The Permanent Court of Arbitration in The Hague upheld the Philippines’ claims in the South China Sea this week, escalating tensions in the region.

13 July 2016
The Panama Canal's western end, at Panama City. The canal is a vital trade link. (PA) LNG

Panama transit could speed LNG market integration

The expansion of the Panama Canal could accelerate the development of benchmarks for LNG sold into Asia.

6 July 2016
The UK’s referendum on exiting the EU has turned the markets volatile. Global Markets

Market volatility will increase on EU uncertainty

The UK’s referendum on exiting the EU has turned the markets volatile, leaving traders facing risks on the oil price, UK-Continental gas spreads and macroeconomics.

29 June 2016
Peter Stewart (far right) with Alexei Miller (far left) at SPIEF. (Gazprom) Supply & Demand

Russian economic forum puts focus on Europe

While discussions on supplying Russian gas to Asia continue, Moscow remains focused on northwest Europe as the key market for its gas – despite its geopolitical tensions with the EU.

22 June 2016
Yanbajing geothermal power station. China's renewables have seen rapid growth. (Fanghong) Policy & Regulation

China leads on renewables, but gas is power mainstay

Recent data suggests a pattern of rapid growth in renewables in China continued in 2015, supported by a switch away from coal towards gas and LNG.

15 June 2016
The EU continues to develop its alternative fuels network. (Daimler) Global Markets

Risk of oil price spike may benefit gas

GGA Chief Energy Analyst Peter Stewart spoke at the IEA last week on the interaction between oil and gas prices. These are the main points of his speech to the standing committee on oil markets.

8 June 2016
Global Markets

OPEC freeze unlikely with oil above $50/bbl

With oil prices at around $50/bbl, the prospect of OPEC capping production levels at its June meeting is looking increasingly remote.

3 June 2016
Companies & Finance

Upstream cuts create potential for supply shock

Oil and gas companies are finding it increasingly difficult to obtain finance for upstream projects, but a lack of investment now could spell a supply shock later.

25 May 2016
Khalid al-Falih, Saudi Arabia’s new oil minister. (World Energy Congress) Global Markets

Saudi market share drive intact despite change at top

Saudi Arabia is continuing to pump at full throttle, and the appointment of a new oil minister is unlikely to reverse the kingdom’s policy any time soon.

18 May 2016
The advent of LNG exports from the US offers a window of opportunity for buyers looking for a stable gas price. (Cheniere Energy) Global Markets

Henry Hub linkage could stabilise gas-to-power

The advent of LNG exports from the United States offers a window of opportunity for buyers looking for a stable gas price.

11 May 2016
Qatargas and Shell recently announced they would push ahead with ambitious plans to develop gas for transport in the Middle East. (Shell) Gas for Transport

Gas in transport will survive low oil prices

The sudden drop in oil prices may have been a blow to gas-for-transport demand, but initiatives are under way worldwide that could see gas win out eventually.

4 May 2016
European gas hubs and gas exchanges. Global Markets

Are LNG benchmarks still relevant?

The recent convergence of regional gas prices has made the need for global LNG pricing benchmarks less pressing.

27 April 2016

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