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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
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
Qatar’s Golden Pass dilemma
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
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
Middle East chaos creates new oil and gas trends
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
The key arteries of the energy world
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
Hormuz crisis delivers tailwinds for US LNG
Disruptions to Qatari LNG exports have highlighted the risks of concentrated supply, potentially strengthening the long-term position of US exporters despite limited near-term flexibility
Speaker of the US House of Representatives Mike Johnson
US Markets
David Blackmon
8 November 2023
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US oil and gas has high hopes for new Speaker

ESG reporting standards and spending and subsidy provisions in the IRA among the priorities for the sector

Washington has seen a turbulent few months, with September’s fight over federal funding for the 2024 financial year and the ousting of California Republican Kevin McCarthy from the post of House speaker. The latter led to a month-long fight among Republicans to elect a replacement, a battle fraught with controversy and bad blood as candidates such as Louisiana’s representative and House Majority Whip Steve Scalise and Ohio’s Jim Jordan were considered and rejected. In the end, the party settled on Louisiana congressman Mike Johnson, a fourth-term member from Shreveport who has served as deputy whip, to become the next speaker. Johnson has established a strong pro-business record in Congress

Also in this section
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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