oil

Global oil markets are shaped not only by production powerhouses but also by countries sitting on vast untapped reserves. The contrast between geological wealth and actual output highlights how…

Tighter US control over Venezuelan exports won't necessarily redirect barrels, reshape trade flows, or alter global supply balances

Oil markets in 2025 traded headlines for fundamentals, as OPEC+ supply management, a cautious pivot by the US Federal Reserve, and resilient global demand kept prices in a narrow range

In recent years, the International Energy Agency has sent contradictory signals that raise important questions about the agency's credibility and the integrity of its flagship World Energy Outlook

Estimates of reconstruction costs range up to $500bn, and most Syrians only get a few hours of electricity per day. The country's priorities are numerous and urgent, but amid the gloom, there is hope.

Global energy demand in this year’s WOO is set to expand by 24% in the period to 2050, driven by significant expansion in the non-OECD region. The outlook sees the need for an expansion in all energy…

Oil refineries play a key role in transforming crude oil into essential power sources that people need for their daily lives. As of 2024, there were 825 operational crude oil refineries in the world…

Erbil voted to go it alone in 2017, but that was when it controlled its own oil to sell through Turkey. Today, it does neither. With no partners on the horizon, it is left seeking central handouts.

War sent oil firms running while the loss of territorial control in the oil- and gas-rich north-east left the Kurds with the hydrocarbons and Damascus reliant on Iran. Will the good times roll again?

The world faces a renewed geopolitical fault line in South America. Borders drawn by colonial powers cross disputed territory now rich in resources. Fears of war are real, but open conflict unlikely.