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Letter from Iran: Nuclear miscalculation
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
Mideast plans big spending on gas to meet demand
The region’s gas producers are investing heavily in the fuel in order to satisfy burgeoning demand resulting from economic growth and a shift to cleaner fuels
Venezuela already making oil comeback
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
Qatar’s Golden Pass dilemma
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
Lessons from the crisis
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
Libya's potential goes unrealised
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
Letter from the US: The oil market abyss
The overlooked oil supply issue is that even after the Strait of Hormuz opens, barrels won’t readily return
Hormuz crisis delivers tailwinds for US LNG
Disruptions to Qatari LNG exports have highlighted the risks of concentrated supply, potentially strengthening the long-term position of US exporters despite limited near-term flexibility
Letter from London: The oil market should panic tomorrow
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
Trump’s bid to reshape the global energy order
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
US Venezuela Libya France South Africa Saudi Arabia Iraq Iran Myanmar Korea
23 January 2018
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Volatile world

Trump ditched Paris, Paris got Macron, Isis lost Mosul

America On 1 June, President Donald Trump fulfilled one of his election promises by pulling the US out of the Paris Accord on climate change. He said the agreement had put America at a "very, very big economic disadvantage". The move was widely criticised. Later in the year parts of the US and nearby islands were battered by a larger-than-normal number of hurricanes and tropical storms—a clear sign, many said, of climate change. Earlier in the year, Trump's "America First" plan saw him pull the US out of the Trans-Pacific Partnership. He maintained throughout 2017 that he could do the same with Nafta too. Venezuela President Nicolás Maduro spent the year tightening his grip on power and cast

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