July 2026

The industry is entering a higher-cost era, with future supply increasingly dependent on more complex, capital-intensive and geographically challenging projects, GECF energy economics analyst Galia Fazeliyanova tells Petroleum Economist

Overall production drops further in May amid inconsistent compliance and a fragile supply outlook

Asian refiners have reduced their dependence on Middle Eastern crude, with African and Atlantic Basin barrels emerging with renewed gusto

Baku Energy Week saw Azerbaijan seek to broaden its role in a fractured global energy market, a US push for closer ties with the Caspian country and discussions on crisis responses

Kyrgyzstan’s heavy dependence on hydropower is both a blessing and a curse. The country’s perennial problems with power supply demonstrate the need for regional energy connectivity and cooperation

The Iran war has given ADNOC both the motive and the urgency to sever its dependence on the world's most dangerous shipping lane

The country's late-life divestment programme has become the global proving ground for mature-basin acquisitions—and is exposing a generation of conventional valuation metrics that systematically mislead capital allocators

The alliance has the battle scars from a decade of oil shocks, a pandemic, a war in Ukraine and now conflict between the US-Israel and Iran as another blow, but a flurry of deals at SPIEF underscore the enduring power of the relationship

Ukraine’s vast gas storage has become central to a key route amid shifting priorities for the continent

Hydrocarbons, economic influence and strategic geography increasingly define Iraqi-Iranian relations, with implications for regional stability and global energy security

The crude importer’s strategic diversification, its eye for a cheaper barrel and its strength in flexibility has seen Venezuela emerge as a major supplier as it looks beyond the Middle East

Andrea Stegher is president of the International Gas Union (IGU) and an executive speaker at the 25th WPC Energy Congress, taking place in Riyadh on 11–15 October 2026. Ahead of the conference, he talks here to Petroleum Economist about the future of the industry, his ambi-tions for the IGU, and the challenges that lie ahead