Biden’s next move has been a key topic in Abu Dhabi, where some of the world’s biggest oil and gas companies and many energy ministers are attending the Adipec conference.
The four-day gathering that started Monday is taking place in the wake of the COP26 climate talks and with energy prices soaring.
Abu Dhabi’s Murban exchange is considering giving participants the option to deal in carbon and hydrogen futures, Philippe Khoury, executive vice president at Adnoc Trading said.
That outlook means OPEC is justified in only raising production gradually, according to Secretary-General Mohammad Barkindo.
OPEC+ will probably stick to its strategy of only gradually raising oil output, according to the Riyadh-based International Energy Forum.
would “create a price shock” if it blocked crude exports, Daniel Yergin told Bloomberg Television.
Major state energy firms in the Persian Gulf, including Adnoc and Saudi Aramco, are in talks with companies in Asia about long-term supply contracts for blue hydrogen.
Hydrogen is seen as crucial to the shift away from oil, coal and gas as it’s a much cleaner fuel.