Meeting the oil and gas supply gap
The world has no lack of recoverable oil and gas resources. But where they will come from in the future will change
One of the major drivers of current short-term strength in the oil market is a lack of investment in new production to offset natural decline from existing fields. There are many valid reasons for this lack of capital, including price collapses over the past decade, continuing uncertainty over future demand and a constraint on investment dollars, either due to ESG concerns or disappointing past financial performance from oil producers. But, while the world is moving to a low-carbon future, it is still almost certain—barring a dramatic pivot towards accelerated progress to net zero that is nowhere being seriously politically contemplated—to need more new oil production. Even falling demand wi
Also in this section
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
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
8 January 2026
The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad
7 January 2026
No longer can the energy source be considered a sidekick to oil in the Middle East and neither should it step aside for less convincing alternatives
