Publication
Oil markets: Relative stability amid geopolitical strife
Multiple factors stopped oil prices from hitting triple digits, contrary to what many forecasters had anticipated.
27 February 2024
Multiple factors stopped oil prices from hitting triple digits, contrary to what many forecasters had anticipated.
The COP28 climate conference was an exercise in pragmatism, yet still delivered significant steps in the energy transition. Success will depend on concrete follow-through.
Asia is a crucial market for every established energy exporter, but suppliers’ bets are not risk-free.
The war with Hamas will likely harm Israel’s nascent role as a natural gas exporter, although domestic production is still expected to double by 2027.
As its energy footprint grows, China is intent on maintaining a diversified supply, even with Russian flows increasing.
Technical and, above all, political obstacles block Cyprus’s way to becoming a natural gas producer and exporter. Some Mediterranean neighbours, including Turkey, complicate the problem.
The country’s hopes for becoming a regional gas production powerhouse and LNG export hub are thwarted by question marks over its social and political stability.
To sustain its leading position in the global LNG market, Australia must diversify its export partners and invest in exploration, production and infrastructure.