US Secretary of Energy Chris Wright at CERAWeek
Oil and gas industry beats demand drum
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
To mark the start of CERAWeek by S&P Global, executives from across the global energy supply chain came together in Houston, Texas to set the record straight—that oil and gas are here to stay. “We need more energy—lots more energy,” said Chris Wright, US Secretary of Energy, in his opening comments, referring to growing global demand. He noted that energy users in the US require “an average of 13bl of oil per person per year… [while] Africans average less than 1bl”. His message was unequivocal: energy and economic progress go hand in hand. Wright firmly confirmed that gas is here to stay. “There is no physical way that wind and solar could replace the myriad of uses of natural gas,” he
Also in this section
1 April 2026
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
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
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
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
