Apr 2017

The April 2017 issue of Petroleum Economist is out now!

Weak prices reflect a region awash in supplies. Rising demand will soak up the global surfeit, but not until the 2020s

Delays and cost overruns hurt the sector, but Australia is still on course to become a global export powerhouse

It is home to the world's biggest exporter—and also some of its fastest-growing consumers. Yet intra-regional trade remains thin

China extended much credit to secure oil supplies. Now it needs borrowers to start repaying

Plans to increase the manufacturing base and sustain high GDP growth will underpin rising oil demand and imports

The company's finances are under severe strain, as its resources are drained off to prop up an ailing local economy

UK prime minister Theresa May has hailed the dawn of a "Global Britain", but Brexit's critics say it will cripple the economy, kill access to its main market, spark ruinous inflation and shred the country's global influence.

Sellers say a supply crunch is looming. Buyers say suppliers are out of touch with the changing times

Haftar's recapture of the oil crescent and the GNA's disintegration have prompted renewed efforts by Tobruk to sell its own oil

As the latest battle in the Sirte basin shows, Libya's output recovery remains hostage to the country's politics

The industry's history suggests that Opec’s latest efforts to stabilise the oil price will not be successful

Ukraine may have swapped dependence on Russian natural gas for reliance on European supply but diversifying import routes is proving challenging

Only real supply-side intervention has stopped oil-price volatility. But those days are gone, argues Bob McNally's new book

Automation, machine learning, artificial intelligence and other new technologies could transform the oil industry

Trump might not bring more war to the Middle East, but as fundamentals tighten the market is ready to trade such risks

Energy leaders are adapting to a rapid change of pace and identifying new priorities

The oil sands get most of the attention and investment, but there is life in the country's oil sector beyond bitumen

High-wire deal-making has become the hallmark of Russia's national oil champion. But are expansion plans risking too much?

Former Russian energy minister Igor Yusufov says the new US administration will be a boon for hydrocarbons cooperation

The government faces some tough decisions as it decides how to handle the corruption allegations surrounding the acquisition by Shell and Eni of offshore block OPL 245

Sharing good examples is the key to change SEforALL’s Rachel Kyte tells World Energy Focus

Everyone expected a wave of supply to be hitting Europe’s market by now. It hasn’t arrived yet, but it will

Some Russian LNG projects are advancing, but bigger expansion plans look ever distant

Eni's project in Mozambique should soon get the official go-ahead. Tanzania's progress is much slower

Investment in Vaca Muerta has slumped. A deal between Shell and YPF shows government efforts may be turning things around

The government's keen, the companies are willing—is Uganda's oil boom finally on the way?

Cairn seeks to manage expectations, as reserve estimates grow

Automation, machine learning, artificial intelligence and other new technologies could transform the oil industry

Gulf Publishing Company announced today the acquisition of Oildom Publishing Company of Texas, Inc. to create the world’s largest independent media company devoted exclusively to the international energy industry.