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Global Energy Outlook Forum 2024

Oil and energy markets sure resemble a soap opera nowadays.

Love and hate story in Opec, Israel - Hamas war, Red sea crisis, a long feuding crisis in Russia - Ukraine, a strategically oriented player like USA, an enigma ik Chinese economy and a bright star in India.

Glad to be a part again in the Gulf Insights Energy discussion with an illustratious panel of Peter McGuire and Walter Simpson and moderated brilliantly by Sean Evers.

Few points underscored ;

1) Volatile oil markets have been detached somewhat with the booming Equity markets. Recent rally in the oil prices might have an upside

2) Saudi Aramco decision to not increase production capacity isn't surprising given its plans to transition to a non oil based economy and not wanting to play the swing producer role.

3) Asia is working on not missing the gas transition opportunity this time with the low gas prices. This also helps in the transition to the path of decarbonisation. India working on upgrading its gas supply network across the country .

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