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OPEC+ caught between a crisis and a surplus
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
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
The illusion of supply: Rethinking energy security when oil cannot move
Demand for oil is falling because supply cannot meet it, not because it is no longer required
OPEC+’s 11m b/d March production collapse
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
Letter from the UAE: The GCC and Iran – No easy way out
For GCC producers, the ceasefire may prove more destabilising than the war itself: exports remain constrained, and control over Hormuz has shifted in ways that could endure
China’s secure energy transition
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
The demand destruction timebomb
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil 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
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
Do not politicise a geopolitical crisis – Ydreos
The Strait of Hormuz disruption has exposed weakness in the global energy system and reignited debate over security of supply, but it should not be used to justify an accelerated shift away from fossil fuels, says the secretary general of the IGU
Russian deputy PM Alexander Novak and Iranian petroleum minister Javad Owji at the Tehran Oil Exhibition
Opinion
Iran Russia Markets Politics NOCs
Danial Rahmat
Tehran
7 June 2023
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Letter from Iran: Tehran's dreams and Moscow's deceptions

Russia is making a show of support for Iran as the two nations strengthen their ties, but the promised investment may never materialise

While the Ukraine conflict has widened the rift between Russia and the West, a more nuanced transformation is unfolding across the Middle East's geopolitical landscape as a result of the war. Alongside its cautious rapprochement with the Gulf Cooperation Council, shared problems have pushed Iran into deepening its political and economic relations with Russia. Tehran and Moscow have not only expanded their military cooperation, but have also signed economic agreements in the energy and transport sectors. For its part, Iran perceives itself on the brink of realising its long-held aspiration of forging a strategic alliance with Russia and China. The reality is more complex, however. The severit

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OPEC+ caught between a crisis and a surplus
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
Letter from Iran: Nuclear miscalculation
Opinion
21 April 2026
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
Algihaz: Bridging conventional energy and the renewable transition
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
Powering collaboration: Exploring the Synergy Pavilion at the 25th WPC Energy Congress
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.

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