Outlook 2026

With global energy demand continuing to rise, the world needs investment, investment and more investment

Heightened unpredictability in the global energy market underlines the vital nature of UGS, which provides reliability, affordability and resilience

Oil prices look set to come under pressure next year as oversupply hits, but longer-term the risk is underinvestment as demand continues to grow past 2030

Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away

Global gas markets are being reshaped by politics as much as by gas prices and fundamentals. From Washington to Doha, Brussels and Beijing, LNG has become a strategic weapon as much as a commodity

Cryogenic tanks offer flexible transit options for the new generation of low-carbon molecules

The surge in power demand created by the AI boom means energy policy and national security are now one and the same

Heavy, sour crude and shale oil will battle for market relevance, but it may not be the sweetest barrels that taste victory

With a rapidly rising global population and energy security and affordability at the top of countries’ agendas, a dose of realism is needed when it comes to the transition

Less than two years after its launch, the World Bank’s Global Flaring and Methane Reduction Partnership is supporting abatement in 17 countries, but with flaring at a near-two-decade peak and methane emissions stubbornly high, there is work to do

A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028

The US’ domestic energy market may be stagnating, but its role in the global energy system looks set to bloom

As contradictory as it might seem, US oil output has continued to grow over the last several years, even as drilling in the shale plays has maintained a slow decline. This improbable dichotomy is a testimony to the industry’s technological prowess

The South American country offers stable, transparent and high-potential opportunities and is now ready for fresh exploration and partnership

Brazil, Guyana and Argentina to lead additional crude supply increases, but the rest of the region remains patchy

The president is aiming for ‘energy dominance’ via LNG sales, largely to Europe, but supply is set to outstrip demand, and EU regulations remain a stumbling block

The vast liquefaction capacity being developed in the region, led by the US, is transforming the market

As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work

This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty

As global energy systems evolve to meet shifting demand and transition pressures, maintaining reliable hydrocarbon supply remains essential to energy security

Japan once wrote the book on LNG supply diversification, but it is now looking increasingly reliant on a single major provider

The US Gulf dominated investment decisions this year, but Asian importers’ concerns over supplier diversity mean the focus is shifting

The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad

With the arrival of a multipolar world and 4b energy-poor people, the existing energy order is no longer fit for purpose

While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think

The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future

Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation

Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters

A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment

The African energy landscape is undergoing a profound transformation

The country’s hydrocarbon resources offer a strategic and social opportunity that could see it becoming a leading light in Africa

Government reforms are restoring investor confidence in the country’s oil and gas industry

The country is focused on boosting output and offers a winning combination of stability, a reforming government, an established industry and vast untapped reserves

The new government has brought stability and security to the country, with the door now open to international investment

Leading economies in the region are using oil and gas revenues to fund mineral strategies and power hyperscale computing

The global race for critical minerals has become a defining feature of energy geopolitics, presenting the ASEAN region with both opportunity and risk