In the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded.

Senior Fellow- Oil & Gas
Rami Shabaneh is a senior fellow in the Oil and Gas program, with a focus on global gas and hydrogen…
Rami Shabaneh is a senior fellow in the Oil and Gas program, with a focus on global gas and hydrogen markets. Rami has nearly 15 years of research and industry experience analyzing energy markets and energy policy. Before joining KAPSARC, Rami worked at Cenovus Energy as a market fundamentals analyst, providing analytic support on specific issues affecting North American gas, natural gas liquids and condensate markets. His work informed the company’s hedging strategies. Before working at Cenovus Energy, Rami spent three years as a research economist at the Canadian Energy Research Institute. He holds a B.Sc. in actuarial science and an M.Sc. in sustainable energy development from the University of Calgary.
Expertise
- Natural Gas and Hydrogen
Publications See all Rami Shabaneh’s publications

Advancing Plastic Waste Recycling in the GCC: Policies, Technologies, and Economic Opportunities
In the past year, global gas prices have dropped significantly, albeit at unequal paces depending…
21st April 2025
Macroeconomic and Sectoral Effects of Natural Gas Price: Policy Insights from a Macroeconometric Model
In the past year, global gas prices have dropped significantly, albeit at unequal paces depending…
4th February 2025