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HPI Market Data Book 2026: Global construction – Americas
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
Canadian producers positioned to ride out the downcycle
The country’s upstream players have demonstrated resilience to low oil prices and are well positioned to prosper despite a volatile market
Indian refiners prove their adaptability
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
Venezuela upends global heavy crude market
The ripple effects of US refiners switching to Venezuela grades will be felt from Canada to China and everywhere in between
Oil’s tanker transformation
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
Kurdistan starts to deliver on oil promise
Gulf Keystone looks to a ‘transformational’ 2026, with the oil producer upbeat for the region should all the vested interests keep their eyes on the prize
Canada's oil growth optimism
Companies are bullish despite combined effect of market volatility, tariff threats, regulatory issues and midstream constraints
India’s refining project strengthens ties to Mongolia
The Central Asian country’s first oil refinery is being funded by a $1.7b line of credit from New Delhi, but routes in and out of the country remain controlled by Russia and China
Canada’s Asian pivot faces hurdles
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
Alberta’s energy hub sees silver lining
US tariffs bolster Alberta’s Industrial Heartland exports to Asia
Midstream Canada
Vincent Lauerman
Calgary
11 March 2025
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Canada revisits big pipeline question

Investor certainty key to diversifying country’s oil and gas exports amid fresh talk of improving infrastructure to boost energy security

With the second Trump administration potentially starting a trade war with Canada and threatening the country’s sovereignty, there is suddenly lots of talk about constructing new oil and gas pipelines to provide greater energy security and to access overseas markets to diversify exports away from the US. Ironically, this follows nearly a decade of anti-oil and gas policies by the federal government under the leadership of Prime Minister Justin Trudeau and his Liberal Party that led to the cancellation of several major crude oil pipeline projects to coastal waters. “We need to see real change on numerous fronts” Ebel, Enbridge “The silver lining to the escalating political tensions is

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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
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Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
Energy dominance as diplomatic leverage
9 March 2026
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
Petroleum Economist: March 2026
6 March 2026
The March 2026 issue of Petroleum Economist is out now!

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