The Impact of Low Oil and Gas Prices on Gas Markets: A Retrospective Look at 2014-15

Initiative Future of Natural Gas Markets
Type Discussion paper
Date 3 May 2016

Abstract

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.

Authors

Rami Shabaneh

Research Fellow Rami Shabaneh is a fellow in the Oil and Gas program, with a focus on global gas and hydrogen markets.… Rami Shabaneh is a 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