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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 Saudi Arabia: US-Saudi energy ties enter a new phase
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
Tax policy will shape Russia’s oil future
The consensus among market observers is that the country’s oil output will fall in the long term. Yet few recognise how Moscow’s shifting tax regime is designed to keep the next barrel commercially viable
The duality of US shale
A sector beset by pessimism and pain amid price weakness contrasts with data signalling production strength and resilience
Gas should fare better than oil under Canada’s new regime
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Letter from Europe: Western retreat raises doubts over climate leadership
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
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Fear and loathing in US LNG buildout
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US Energy Secretary Chris Wright participates in a media interview during CERAWeek in Houston
Opinion
US Politics
Frank Kane
Houston
2 April 2025
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Letter from the US: Houston has a problem with Trump’s energy policy

At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger

Chris Wright, the US energy secretary, earned several bursts of applause during his opening speech to the recent CERAWeek by S&P Global energy forum in Texas. The couple of thousand attendees watching his delivery in the plenary hall of the Hilton Americas hotel in downtown Houston loved his denigration of the Biden administration’s “myopic focus on climate change”, his declaration that he was a “climate realist”, and his pledge that “the only interest group we are concerned with is the American people.” As political theatre, it was highly effective and exactly what many of the CERAWeek attendees came to hear. “I really do not think they have thought through the ramifications. It i

Also in this section
Explainer: What do Russia’s oil giants own overseas?
4 December 2025
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 Saudi Arabia: US-Saudi energy ties enter a new phase
Opinion
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
Letter from London: Oil’s golden triangle
Opinion
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
Libya’s upstream caught between hope and caution
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation

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