Leaders
India ready for turbulent times
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
Forward Intelligence
OPEC+ off-target in July
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
OPEC+’s extra barrels mostly made of paper
Robust demand and a limited supply of additional physical barrels from key OPEC+ producers has kept the oil market in a healthy price range
The great OPEC+ reset
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
Oil outlook: Who and what to believe?
OPEC and the IEA have very different views on where the oil market is headed, leaving analysts wondering which way to jump
US oil sector faces complicated path
Trump energy policies and changing consumer trends to upend oil supply and demand
China creates two-tier oil dynamic
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
A third distillate disruption
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
Ammonia ambitions to help drive gas demand
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
An end to EU green illusions
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance
Letters
Letter from Austria: OPEC delivers wake-up call
A brutally honest picture about the potential role of oil and gas in 2050 should prompt policymakers to not only reflect but also change course to meet vital energy needs
Letter from Azerbaijan: Net-zero strategy to reshape South Caucasus
ExxonMobil’s MOU with SOCAR, unveiled in Washington alongside the peace agreement with Armenia, highlights how the Karabakh net-zero zone is part of a wider strategic realignment
Letter on Poland: Flipping the energy narrative
The Wolin East-1 discovery is the country’s largest conventional hydrocarbon discovery and could change the energy conversation for the EU’s coal outlier.
Americas
Mars attacks US oil industry
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery
California refiners dreaming of heyday
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
Trump’s energy report card
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
EIA again cuts US gas price forecasts, but market still to tighten
The administration has once more reduced its short-term gas price forecasts, but the expectation remains the market will tighten over the coming year
GECF pours cold water on US-EU energy trade deal
The framework deal is more about symbolic transatlantic solidarity more than increasing actual trade volumes, according to the GECF
Canada enters the global LNG race
Owing to social, political and geographical factors, Canadian LNG projects are a complex proposition versus competing facilities on the US Gulf of Mexico
Brazil looks to solve its energy security travails
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
Asia Pacific
Australia gas security faces fitness test
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
India’s Nayara fallout
The EU’s Russia sanctions could have far-reaching implications for India’s Vadinar-based refinery
India’s retreat from Russian oil could cause global trade flow shockwaves
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
Thailand’s upstream revival picks up speed
The Southeast Asian producer has reversed declining output and is pushing on with a deepwater-focused new bidding round
EMEA
European gas in strong position as winter looms
Plentiful supplies of LNG and weaker competition from Asia mean the continent looks in good shape ahead of the cold season
The death knell for UK energy security
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
Bleak times for UK North Sea
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
Sverdrup keeps on giving
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
Difficult times for Germany’s downstream
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
Albania’s long pursuit of gas
Gas is unlikely to assume a major role in Albania’s energy mix for years to come, but two priority projects are making headway and helping to establish the sector
Latest EU sanctions largely toothless
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
BP’s long stay in Russia
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
Waiting for Arctic LNG 2
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
Arbitration with Gazprom: How to collect
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award, but this is no easy task
Power of Siberia 2: Deal or no deal?
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns around over-dependence on a single supplier and desire to drive down the price make it relatively unlikely a contract will be finalised this year
Unlocking Georgia’s gas potential
The country is making its upstream sector more attractive to investors as it aims to boost production of oil and gas, with the latter the main focus
Turkey navigates game-changing LNG dynamics
The country is aiming for hub status as it boosts regas and storage capacity, but while the opportunity is great, there is much work still to do
Middle East gas can power regional prosperity
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
Iraq’s tangled Ceyhan oil web
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
Algeria’s strategic shift
The North African producer looks to be overhauling its legal and fiscal framework as it seeks to boost oil and gas output
Angola's gas breakthrough
While commerciality still needs to be fully confirmed, Azule has hailed the find as a “landmark moment” for gas exploration in the southwest African country—better known for its substantial oil production.
Nigeria bullish about oil recovery
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
Countdown to Mozambique LNG restart
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
Carbon Economist
CCUS at the crossroads: Five takeaways from Gastech
Government support, cost reductions and public trust among the prerequisites for the successful scale-up of CCUS, industry executives tell the Gastech 2025 event in Milan
Europe in race to unlock CDR investment
Policymakers acknowledge crucial role for direct air capture and other removal technologies in meeting climate goals
Letter on carbon: Chasing down the cost of DAC
Innovation is moving at pace in the direct air capture sector, but will costs fall quickly enough to make it a mainstay of the voluntary carbon market?
Germany eyes blue hydrogen as cabinet backs CCS
Draft law opens door to large-scale carbon capture and storage, and could unleash investment in gas-based hydrogen projects
Digital Exclusives
Final call for entries: WPC Energy Excellence Awards 2026
Last chance to submit entries to the 2026 WPC Energy Excellence awards before the deadline of 26 September
Kuwait Oil Company: Driving national progress through social responsibility
For the Kuwait Oil Company, a cornerstone of Kuwait’s economy, corporate social responsibility is not an optional add-on but a deeply embedded responsibility.
WPC Energy sees youth engagement as vital to long-term health of sector
To attract fresh talent and ensure the future of the energy industry, WPC Energy has launched several initiatives focused on engaging young professionals.