The Gulf Intelligence
 
NEWS HIGHLIGHT:
The Gulf Intelligence ... Political Issues Update ... The Gulf Intelligence Oman Energy Forum - Oct. 21st 2013 ...
Where am I? bullet

Opinions

Commentary: Waste not, want not

International Energy Agency
Posted:23/3/17
Each year, World Water Day highlights the importance of water resources to our daily lives and wellbeing. For the International Energy Agency, it is also an opportunity to highlight the relationship between water and energy, which is set to grow in coming years. Effectively managing the interdependence of water and energy supply is fundamental to the economic and social prospects of millions around the world. The provision of water services, such as clean drinking water and sanitation, depends on reliable

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:23/3/17
Morning. Brent closed down 0.32 last night to $50.64 and WTi closed at $48.05 down 0.20. It was exactly this time last year that I wrote the following on my morning commentary "Good morning. It is a very sad state of affairs when in my satirical look at the oil market that for the 3rd time in 15 months I have to repeat my condemnation of the appalling terrorist attacks that again took place in Europe yesterday. After Charlie Hebdo in Jan 2015, Paris in Nov 2015 and now yesterday in Belgium, it is clear that

The challenges and opportunities of low carbon transition in India’s power sector

International Energy Agency
Posted:22/3/17
India has strong ambitions to enhance access to modern, secure, sustainable and affordable energy to its growing population. While the contribution of renewable energy to India’s power mix has grown in recent years, significantly reducing the carbon footprint of a power system built primarily on coal raises new challenges.

Better reserves data will enhance decision-making by energy market stakeholders

The National
Posted:22/3/17
A transformation is taking place as Middle East producers open up decades of historically guarded statistics on their energy reserves and production. This new transparency will enhance the decision-making process for energy-market stakeholders around the world and help with the region’s goal of becoming a leading energy hub aligned to its leading producer status.

Perspectives for the energy transition: Investment needs for a low-carbon energy system

IRENA
Posted:22/3/17
This joint study looks at the potential for decarbonisation in the energy sector in G20 countries and around the world. Chapter 3, “Global Energy Transition Prospects and the Role of Renewables”, highlights findings from the International Renewable Energy Agency (IRENA).

Oil May Be the Key to the Reflation Rally

Bloomberg Markets
Posted:21/3/17
Crude’s bounce following the OPEC production deal in November underpinned many assumptions the market has about economic growth and inflation, says Daniel Morris, a senior investment strategist with BNP Paribas Investment Partners. But after surging to an almost 18-month high in January, Brent oil has wiped out the gains made after the output reduction pact as the group’s aim to stabilize the global market is undermined by higher U.S. production. “If you take the oil story away, then you start wondering ho

GCC can be a pioneer with smarter smelters and power plants

The National
Posted:21/3/17
The status quo of power plants and smelters in the Arabian Gulf faces major change as intelligent and proactive digital technologies cut costs and boost operational efficiency to meet rapidly rising consumer demand. With infrastructure expansion under way, GCC countries can be at the front of a new breed of power operators that merge industrial, software and analytical expertise. The GCC’s power capacity needs to expand at an average annual pace of 8 per cent between last year and 2020, which will require

Deep energy transformation needed by 2050 to limit rise in global temperature

International Energy Agency
Posted:21/3/17
Limiting the rise in global mean temperature to well below 2°C would require an energy transition of exceptional scope, depth and speed, according to an analysis by the International Energy Agency, including a doubling of annual average energy-related investments from current levels. As recent IEA estimates show, global energy-related CO2 emissions stalled for a third straight year in 2016. This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy e

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:21/3/17
Morning all. Brent closed down 0.14 last night to $51.62 and WTi closed at $48.22 down 0.56. Well that didn't take long did it? The Saudi's are already saying that they would look at extending the cut when they all come to meet in Vienna in May. I mean what else does everyone expect them to say? "Nah I don't think we'll bother, I think we'll just go back to pumping 11mn bpd and hope the market absorbs it". Of course they aren't. That would literally be like intentionally stubbing your big toe and poking you

IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

International Energy Agency
Posted:20/3/17
Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency, signaling a continuing decoupling of emissions and economic activity. This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency, as well as structural changes in the global economy. Global emissions from the energy sector stood at 32.1 gigatonnes last year, the same as t

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:20/3/17
Morning all and hope everyone had a nice weekend. Brent closed Friday up 0.02 to $51.76 and WTi closed at $48.78 up 0.03. Another week looms in this headline driven market. This time, OPEC Force One lands in Berlin to talk about the oil market. I mean what more is there to say than what he said in Houston a couple of weeks ago? And London a couple of weeks before that? Let me guess - "All countries involved remain resolute in the determination to achieve a higher level of conformity," and "We see the demand

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:19/3/17
Morning all and Happy St Patricks Day. The only day of the year where you can legitimately leave work and go and have a pint of a Guiness and watch the racing. Brent closed last night down 0.07 to $51.74 and WTi closed at $48.75 down 0.11. I want to talk about weetabix. Hear me out. I honestly do not think there is a more stable or efficient form of adhesive than weetabix when it's left to soak in liquid for an hour or so. My youngest daughter loves weetabix, the other day I had to leave her soaking in a ba

OMR: Taking Stock

International Energy Agency
Posted:16/3/17
The price of oil has been stuck in a narrow range since the conclusion in mid-December of the OPEC/non-OPEC production accords. The thinking was that a floor had been put under prices, at an unspoken level of $50/bbl, so producers were probably comforted by the fact that Brent crude oil barely moved much below or above $55/bbl.

Iraq Plans to Boost Crude Oil Production and Exports This Year

Bloomberg Markets
Posted:16/3/17
Iraq pumped 4.57 million barrels a day of oil in February and plans to boost output later in the year even as the OPEC member reaffirmed its commitment to the group’s decision to cut production to counter a global glut.

Daily Oil Commentary by Matt Stanley

Matt Stanley
Posted:16/3/17
Morning all. Brent closed up 0.89 last night to $51.81 and WTi closed at $47.72 up 1.14. So crude stocks fell last week in the US for the first time in 9 weeks and what did the market do? Rallied like a trooper. Did US data show a sizeable draw that can give hope to the bulls? Of course it didn't. We saw a 237,000 barrel draw. That's it. 237,000 barrels. You could probably count that many in your head and not go crazy so why did it yield such a a positive response from the market? Again we come down