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OPEC+’s cohesive restraint
The alliance is keeping output on track and the market in balance amid geopolitical tensions and a fragile supply-demand ledger
OPEC+ set to strengthen its hand
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
Oil in 2026: Five factors to watch
Petroleum Economist takes a look at the critical developments that look set to govern the course of the market for this year
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
Letter from the US: The curse of strong energy exports
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
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
Economic case for a major energy transition is clear
Markets
Adi Imsirovic
19 July 2023
Follow @PetroleumEcon
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Oil and gas must face climate change head on

Pushing for more fossil fuels is counter-productive to hydrocarbons’ important long-term role

The IEA has faced an onslaught of criticism from both the left and the right of the political spectrum since the publication of its Net Zero by 2050: A Roadmap for the Global Energy Sector report in May 2021. However, the fiercest criticism has come—directly or indirectly—from some quarters of the oil and gas industry itself: from Saudi oil minister Prince Abdulaziz bin Salman calling it “La La Land” to the report by the Energy Policy Research Foundation (EPRF) labelling it as a “seal of approval… to block investment in oil and gas production by Western companies”. The EPRF describes itself as a “not-for-profit organization that studies energy economics and policy issues with special emphasi

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As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
Meeting the AI energy challenge
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Artificial intelligence is pushing electricity demand beyond the limits of existing grids, increasing the role of gas and LNG in energy system planning as a fast, flexible solution
The LNG demand bottleneck
13 February 2026
Panellists at LNG2026 say demand growth will hinge less on the level of global supply and more on the pace of downstream buildout, policy clarity and bankable market frameworks
QatarEnergy and Petronas in historic deal
13 February 2026
The Middle Eastern gas giant and Asian energy heavyweight ink a 20-year landmark LNG agreement at LNG2026 in a significant step towards strengthening global energy partnership

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