Gulf States should combat this period of extreme volatility in the oil and gas markets by accelerating the integration of their regional energy infrastructure and extend the network’s connectivity to include regional neighbours in South Asia such as India and Pakistan, industry leaders and analysts said. After years of stability above $100 a barrel, Brent crude oil lost half its value in the second half last year, followed by a 50 per cent rally, which ran out of steam over the summer and has since dropped again by a third, said a report in the Gulf Daily News (GDN), our sister publication.

 

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