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OPEC’s discipline sets tone for 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
Outlook 2026: Time for a new international energy order
With the arrival of a multipolar world and 4b energy-poor people, the existing energy order is no longer fit for purpose
Outlook 2026: Crude on crude – How shale oil flipped the script on the global barrel
Heavy, sour crude and shale oil will battle for market relevance, but it may not be the sweetest barrels that taste victory
Outlook 2026: LNG markets and the overhang
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
Outlook 2026: The next oil shock – From peak demand mirage to structural tightness
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
OPEC presses pause
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
Learning from oil’s supercycle miss
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
Explainer: What do Russia’s oil giants own overseas?
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
The complex crude glut picture
The swelling crude supply story involves the key plot twists of reluctant buyers, limited oil stocks and refiners playing the long game
Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception at the Kremlin in March
China Russia Markets
Tatiana Mitrova
4 April 2023
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China holds all the cards in Russia’s eastern pivot

The Asian giant sees no reason to rush on energy cooperation

Russia is looking to build on its energy ties with China, a key buyer of its gas. But Beijing’s position of power in the relationship may make the sanctioned producer play a waiting game, especially over the much-discussed Power of Siberia 2 pipeline. That seemed to be the message coming out of the high-level meeting between Beijing and Moscow in March. The Russia-China relationship has a long and complex history, shaped by the lengthy border between the two countries, the complementarity of their economies and the ambitions of both to be seen as key geopolitical actors. Following periods of friendship and tension in the Soviet era, the post-Soviet decades have seen a more complicated relati

Also in this section
OPEC’s discipline sets tone for 2026
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
Venezuela’s true oil potential
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
Outlook 2026: China’s ‘electrostate’ vision
Outlook 2026
9 January 2026
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
Southeast Asia’s digital age requires the right energy mix
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions

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