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The demand destruction timebomb
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
Lessons from the crisis
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
Letter from the US: The oil market abyss
The overlooked oil supply issue is that even after the Strait of Hormuz opens, barrels won’t readily return
Do not politicise a geopolitical crisis – Ydreos
The Strait of Hormuz disruption has exposed weakness in the global energy system and reignited debate over security of supply, but it should not be used to justify an accelerated shift away from fossil fuels, says the secretary general of the IGU
Middle East chaos creates new oil and gas trends
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
The key arteries of the energy world
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
Through the oil looking glass
The extent of the US-Israel war with Iran means there will be no going back to the previous market equilibrium no matter how the conflict ends
Do not fear runaway Henry Hub prices
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
Will policymakers panic before the oil market?
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
India taking pole position on oil demand growth
The country’s rapidly expanding economy is boosting its consumption of oil as demand for the fuel slows elsewhere in the world
Gas Markets
Paul Hickin,
Editor-in-chief
26 November 2024
Follow @PetroleumEcon
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Gas has ‘unique’ dual role to play in world energy, says GECF

Secretary General Hamel warns on gas underinvestment, and highlights the energy source as playing a transitional role in the West and being a destination fuel in the Global South

Natural gas is abundant, versatile, flexible and the cleanest of hydrocarbons—making it essential for supporting just and equitable energy transitions—according to Mohamed Hamel, secretary general of the Gas Exporting Countries Forum (GECF). In an exclusive interview with Petroleum Economist, Hamel explained that gas’ adaptability means it can act as both a transitional fuel in places such as Europe, which is clearly on the path to building out renewables, and also as a destination energy source that acts as a building block for economic growth in places such as Africa. Hamel also pointed out that the GECF projects gas demand will grow by 34% over the next three decades. By 2050, gas is expe

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The demand destruction timebomb
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It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices

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