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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
Energy dominance as diplomatic leverage
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
Explainer: Fujairah on high alert
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
Middle East oil vulnerabilities have been exposed
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
EU sanctions push stalls ahead of fourth anniversary of Russian invasion
As Europe marks the fourth anniversary of the Russia-Ukraine conflict, EU efforts to tighten sanctions on Moscow have stalled
Letter from Iran: Testing times for Tehran-Beijing crude dynamics
Growing pressure from the Trump administration continues to threaten a resilient China-Iran oil nexus
Explainer: Iran’s indispensable energy role
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
Europe’s rising energy security challenge
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply
Venezuela’s true oil potential
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 2006: The North Sea’s next chapter – From backbone to blueprint
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
The most recent COP took place in Azerbaijan
Opinion
Politics
Frank Kane
17 February 2025
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Letter on Transition: Energy’s climate question faces crucial test

There is a growing feeling that it will not take much for heavy international hitters to follow the US out of the Paris Agreement

The world appears to be reaching a tipping point on the issue that has dominated the global energy debate for the past decade—the future role of fossil fuels in an era of climate change and global warming. How this contentious matter plays out in the next 12 months will likely determine the direction of the energy transition. At the moment, the tide is turning against the environmentalist lobby that has had it pretty much its own way for the past ten years, since the 2015 UN Climate Change Conference in France that resulted in the Paris Agreement. It is fair to say that no other issue in the global energy industry is as divisive, with dug-in positions on either side reinforced by quasi-ideol

Also in this section
Trump’s bid to reshape the global energy order
10 March 2026
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
The diesel crisis
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
Navigating the next LNG cycle
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
OPEC+ boosted production before crisis
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent

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