May 2025

North African producer hopeful of bringing in IOCs despite the disagreements over terms as latest bidding round is launched

Oil and gas prices could come crashing down, resurrecting ghosts of trade wars past

The surprise decision to bring on extra supply has coincided with better quota conformity from laggards in the group, Petroleum Economist analysis shows

Two consecutive years of sub-par hydrocarbon discoveries signal a precarious time for the energy world

The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword

Modest downward revisions to 2025 supply belie the longer-term damage to E&P from a weaker oil market

From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise

Oil’s resilience and gas’ growth will continue to define the global energy mix into 2050, according to Petroleum Economist analysis, but that does not have to spell doom and gloom for sustainability

A rising global population and greater urbanisation will mean increasing demand for energy, but what will be up and down in the mix? Petroleum Economist looks out to 2050 again in the second part of our long-term outlook

Technology, policy and narrative are the three biggest factors that could change the course of our 2050 outlook

Capping state corporate income tax deductions would reduce energy supplies and raise prices

Saudi Arabia is growing as a geopolitical and diplomatic force amid an increasingly fractured world

As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable

With extreme weather, refinery closures and geopolitical uncertainty reshaping supply and demand, traders must look beyond headline price movements to understand the actual state of the market

Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead

US consumers are not likely to see gasoline prices fall to Trump’s ‘beautiful number’, at least if the president also wants to encourage more drilling

Imminent midstream additions in the Vaca Muerta set the stage for sharp jump in upstream growth

Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs

The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations

Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows

PetroChina, Sinopec and CNOOC are aiming to rebalance their energy mixes but face technically difficult deepwater and shale task

Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour

While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel

The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share

Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark

Rewards offered by investment in the sector must be balanced by its energy consumption amid an increasingly gas-hungry domestic market

Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern

The Gulf state’s offer to supply electricity-starved Syria is an opportunity to support a key ally, but Doha’s ambitions to build broader pipeline networks to Turkey and Europe face challenges

Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead

With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks

EACOP has overcome a significant hurdle, with a group of regional banks providing an initial financing tranche for a scheme that has attracted criticism from environmental campaigners

The government hopes industry reforms can drive ambitious upstream plans

The company will use methane-rich gas produced from local coal to temporarily replace lost supplies from Mozambique

EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU

Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale

Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition

Volatile tariffs add new risks for a sector already struggling to achieve economies of scale

Petroleum Economist is proud to be an official media partner for the 9th OPEC International Seminar in Vienna

Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.