Benchmark oil futures prices finish strongly in 2017
28 December, 2017
Benchmark oil futures prices are finishing strongly the year 2017 with price levels not seen since June 2015. The Brent gained weekly more than 3% while the WTI increased by almost 2%. The bullish factors included the continuous outage at the Forties pipeline, the OPEC+ deal extension, announcements about potential exit strategy after the OPEC+ deal expiry, U.S. crude oil stocks fall combined to a balanced U.S. oil supply system. The bearish factors consisted mainly in the sustained increase in U.S. crude production and an expected restart of the Forties pipeline in early January 2018.
As we argued in a previous report that the oil market needs to know the exit strategy from the OPEC+ deal, it looks like that different options are now under discussion between the OPEC members and their partners to avoid any hard exit. The options would likely mean that the cuts would be extended and reduced through a tapering process depending of course on the market situation and its corresponding assessement. Additionally, Saudi Arabia and Russia pledged last Friday that any exit from the output cut deal would be gradual (Reuters).
A Path to Achieving U.N Sustainable Development Goals
23 November, 2017
The seventeen Sustainable Development Goals, put forward by the UN, invite us to follow a road less taken. Balance, harmony and decency. We take a look at what is required from nations and industry to meet these ambitious goals set by the UN, the progress, strategies and targets.
H.E. Al-Attiyah shares his insights on how Qatar has adapted to the new competitive gas landscape
22 November, 2017
H.E. Al-Attiyah connects with world-renowned experts, including President Obama’s former advisor, Jason Bordoff and the Chairman of Tellurian Inc., at a closed-door roundtable meeting. Hosting the event was The Centre for Global Energy Policy (CGEP), the research center within the School of International and Public Affairs (SIPA) at Columbia University, New York, on 16 November 2017.
Climate Change a Stormy topic at the UN General Assembly
10 October, 2017
The Hurricane season has only just commenced in the Northern Hemisphere. However, the American coast has already endured battering’s from Hurricane Harvey, which devastated Texas, and Hurricane Irma which came soon on its heels wreaking havoc down the coastal areas of the United States after passing through the Caribbean.
Al-ATTIAH FOUNDATION HOLDS ?CEO ROUNDTABLE? ON GLOBAL CLIMATE ACTION
13 September, 2017
The Abdullah Bin Hamad Al-Attiyah International Foundation for Energy and Sustainable Development hosted its ‘Quarterly CEO Roundtable’ at the Four Seasons Doha.
The backdrop for the ‘CEO Roundtable’ dialogue was the increasing top-down/bottom-up climate action being witnessed globally.