Arunabha Ghosh: A turbulent energy world

Global natural gas consumption is growing faster than all other fossil fuels

Arunabha Ghosh 

Arunabha Ghosh For better or worse, the world of energy is in turmoil.  Oil prices have been fluctuating for several months. Since the beginning of 2017, prices traded within a narrow band, thanks to a deal to cut 1.2 million barrels per day (mbpd) between the Organization of the Petroleum Exporting Countries (OPEC) and other major producers such as Russia. Whereas OPEC (particularly Saudi Arabia) had achieved near full compliance, non-OPEC countries had managed only 38 per cent of the promised cuts. Also, rapid increase in US shale oil output meant that non-OPEC oil production increased by 90,000 ...

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Arunabha Ghosh: A turbulent energy world

Global natural gas consumption is growing faster than all other fossil fuels

Global natural gas consumption is growing faster than all other fossil fuels For better or worse, the world of energy is in turmoil.  Oil prices have been fluctuating for several months. Since the beginning of 2017, prices traded within a narrow band, thanks to a deal to cut 1.2 million barrels per day (mbpd) between the Organization of the Petroleum Exporting Countries (OPEC) and other major producers such as Russia. Whereas OPEC (particularly Saudi Arabia) had achieved near full compliance, non-OPEC countries had managed only 38 per cent of the promised cuts. Also, rapid increase in US shale oil output meant that non-OPEC oil production increased by 90,000 ... image
Business Standard
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