Asian refiners have reduced their dependence on Middle Eastern crude, with African and Atlantic Basin barrels emerging with renewed gusto
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
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
Overall production drops further in May amid inconsistent compliance and a fragile supply outlook
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
The bigger the supply disruption, the bigger the move away from oil and gas use, helping keep energy prices in stasis
Demand destruction could turn into something much worse the longer the Strait of Hormuz remains closed
More than two decades after 2003, Iraq continues to struggle with the consequences of foreign influence, political fragmentation, corruption, and weakened state institutions
As energy markets tighten and prices climb, Europe is being forced to reassess the balance between decarbonisation, energy security and economic growth
The UK plans to permanently ban new oil and gas licences in the name of energy independence, although such restrictive policies risk making the country even more energy dependent
Surging oil prices are once again prompting governments around the world to look at ways to extract more money out of energy companies
The swing consumer is turning a fractured market into a strategic opportunity as a hefty stash of crude gives refiners power in a crisis
Geopolitical disruption is increasingly forcing companies to reassess sourcing strategies, supplier exposure and operational vulnerabilities, experts said at a webinar organised by WPC Energy and the Resilience World Nexus Summit, with official media partner Petroleum Economist.
The Middle East crisis is not the moment for the organisation to fluff its lines on delivering on energy security
