ISSN 2753-7757 (Online)

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Oil and gas

PdVSA engineers at work

11/2/2026 News

Venezuela oil reform opens the door to private capital

Venezuela’s National Assembly has approved the Partial Reform Law of the Organic Hydrocarbons Law in a bid to attract private investment and revive oil production. Meanwhile, new analysis from Rystad Energy shows regional capital remains firmly anchored in Argentina, Guyana and Brazil.

Geopolitics

Graphic of Ukraine flag to left and Russian flag to right

2/3/2022 News

Analysts’ reaction to Russian invasion of Ukraine

Market analysts point out that about a third of Russian gas supplies go to Europe, usually via a pipeline crossing the Ukraine. So there’s plenty of cause for concern and trepidation as the Russia-Ukraine situation escalates, and the world waits to see whether sanctions will bite or Russia will be tempted to staunch the flow of Russian oil and gas.

Energy security

Oil barrels stacked up

6/4/2022 News

US announces biggest ever release from SPR

US President Joe Biden’s administration announced on 31 March that it will release 1mn b/d of oil over six months from the country’s Strategic Petroleum Reserve (SPR) in a bid to help stabilise global energy markets following Russia’s invasion of Ukraine.

Oil and gas

Offshore platform from above

11/10/2023 News

Global oil demand expected to reach record levels

Global oil demand is forecast to reach record levels in 2023, with demand expected to continue to grow each year and peak in 2035, suggests a new study.

Oil markets

Offshore oil platform lit up at dusk

2/7/2025 News

Oil supply growth outpaces demand as fossil fuel phaseout could fall short ahead of COP30

Oil markets are undergoing significant shifts as global oil supply growth is set to outpace demand through 2030, driven by slowing consumption in China and reduced US shale expansion, according to the latest International Energy Agency (IEA) outlook. Meanwhile, new analysis from E3G and Zero Carbon Analytics reveals that while more countries are signalling a move away from fossil fuels in their updated climate plans, only a few have made concrete commitments, leaving the pace of change too slow to meet global climate targets.

Liquefied natural gas

Man with fingers interlaced, sitting on conference stage and listening to two other panellists

21/5/2025 Comment / Mark Davis

Trump vs US LNG? The contradictory state of oil and gas diplomacy today

The threats of tariffs and trade wars of the Trump 2.0 administration could undermine the foundations of US LNG production, argues Mark Davis, Chief Executive Officer of flare solutions firm Capterio.

Oil and gas

Two men in hard hats and boiler suits standing amidst lots of large pipework, turning a large circular handle

EI Member only

1/4/2026 Feature / Brian Davis

IOCs to NOCs: the big trend of the last 75 years

Over the last 75 years since the first Statistical Review of World Energy was published, the biggest trend in the oil and gas sector has been the emergence of a profusion of nationalisation initiatives and the growth of state-owned national oil companies (NOCs), as the major independent oil companies (IOCs) – commonly known as the ‘Seven Sisters’ – lost control of much of the world’s fossil fuel resources, writes Brian Davis.

Oil markets

Photo of two men in traditional Arabic clothing, standing side by side in front of a backdrop of green foliage

EI Member only

26/11/2025 Feature / Karolin Schaps

Where does 65-year-old OPEC stand in the energy world?

There is no other group of joint economic interests that has attracted more scrutiny than the Organization of the Petroleum Exporting Countries (OPEC). As it marks 65 years since its foundation, what is the international oil cartel’s role in a world striving to limit carbon emissions and deepening green electrification? Karolin Schaps assesses its challenges and opportunities.

Oil

Graphic of lots of round speed limit signs jumbled up in a pile

23/3/2022 News

IEA proposes 10-point plan to cut oil use

With sanctions on Russia, following its invasion of Ukraine, resulting in lower supplies to oil markets ahead of the peak demand season, the International Energy Agency (IEA) has published a 10-point plan of emergency measures that it says could quickly cut global oil demand by 2.7mn b/d, reducing the risk of a damaging supply crunch.

Oil markets

Distant view of large oil tankers with a small vessel towing from the front, in a grey sea with grey clouds above

EI Member only

19/11/2025 Feature / Paul Cochrane,Dylan Carter

Ships in the night: Iran and Russia expand use of shadow fleets to avoid sanctions

Facing major sanctions from Europe, the US and elsewhere, Russia and Iran are increasingly resorting to the use of smuggling networks via shadow fleets and small ‘teapot’ refineries to export their oil. As a result, a considerable proportion of the world’s oil trades are now being handled outside formal recognised logistics networks, write Paul Cochrane and Dylan Carter.

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