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Apr 24, 2024 | 
linkedin.com | Robin Mills
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Feb 25, 2024 | 
thenationalnews.com | Robin Mills
When US natural gas was last this cheap, President Gerald Ford had just assumed office and pardoned his predecessor Richard Nixon. Even in the pricier European and Asian markets, prices are below late-2021 levels, when the Russia-induced crisis began. This glut of bargain-basement gas might be a blip, but foreshadows a reshaping of the industry. Prices of the Henry Hub benchmark are hovering just above $1.50 per million British thermal units (MBtu), or less than $9 per barrel of oil equivalent.
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Feb 1, 2024 | 
bourseandbazaar.com | Robin Mills
This article is part of a series exploring regional energy cooperation in the Gulf and is published in cooperation with Istituto Affari Internazionali. The Gulf countries are leading global producers and exporters of oil and gas. They have long reserves lives at current production levels, well beyond 2050, and substantial potential to increase reserves through field development, enhanced recovery, and exploration.
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Jan 10, 2024 | 
linkedin.com | Robin Mills
Oil prices dropped on Monday, with Brent crude shedding $2.60 a barrel to $76.12, after Saudi Arabia cut its official selling prices to Asian customers, potentially signalling weaker Chinese demand. Protests at Libya’s largest oilfield Sharara and further Red Sea attacks took oil prices up 3 per cent last Wednesday.
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Dec 27, 2023 | 
linkedin.com | Robin Mills
https://www.thenationalnews.com/newsletters/energy-this-weekOil prices recorded a second straight weekly gain last week, and their biggest advance since October, although slipping on Thursday and Friday. The announcement of a US-led naval coalition to protect Red Sea transit steadied oil prices last Wednesday, but the zone of operations widened when on Sunday, a drone possibly launched from Iran hit a Japanese-owned chemical tanker off the Indian coast.
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Dec 20, 2023 | 
linkedin.com | Robin Mills
https://www.thenationalnews.com/newsletters/energy-this-weekBP, Maersk and other major tanker and ship operators have stopped sailing through Bab Al Mandeb into the Red Sea. A string of missile and drone attacks by Houthi forces in Yemen have disrupted traffic through this narrow, vital waterway, which normally carries 12 per cent and 8 per cent of the world's seaborne oil and liquefied natural gas, respectively.
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Dec 13, 2023 | 
linkedin.com | Robin Mills
https://www.thenationalnews.com/newsletters/energy-this-week/The global stocktake was unanimously approved by 198 nations at the Cop28 climate conference in Dubai on Wednesday, marking a historic moment in the fight against climate change. "Many said this could not be done," Cop President Dr Sultan Al Jaber told delegates at Expo City Dubai. "But when I spoke to you at the very start of this Cop, I promised a different sort of Cop.
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Dec 6, 2023 | 
linkedin.com | Robin Mills
https://www.thenationalnews.com/newsletters/energy-this-week/The latest Opec+ meeting was delayed and ended up clashing with Cop28. But it brought important, if ambiguous, news for climate, with the announcement that Brazil, almost the last big oil exporter outside the group, would join.
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Dec 4, 2023 | 
syndicationbureau.com | Joseph Dana |Faisal Al Yafai |Yun Sun |Robin Mills
Since the Hamas attack on Israel and the ensuing military campaign in Gaza, Israel has found itself the target of missiles and drones fired by Iranian-backed groups from various points in the Middle East. While there has not been a full-scale escalation from groups like Hezbollah in Lebanon, the attacks, many of which have been intercepted, have served as a warning of what Israel’s enemies in the region have at their disposal.
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Nov 22, 2023 | 
linkedin.com | Robin Mills
https://www.thenationalnews.com/newsletters/energy-this-weekS&P says that in the worst case of an escalation of the war in Gaza, Israel’s gas supplies to Egypt and Jordan could be cut. The offshore Tamar field was briefly shut down as a precaution, but resumed output on November 9. The UAE, Qatar and Oman could possibly step in to supply liquefied natural gas, but this would be significantly more expensive, posing the struggling Egyptian economy with further challenges.
