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The illusion of supply: Rethinking energy security when oil cannot move
Demand for oil is falling because supply cannot meet it, not because it is no longer required
Turkey’s gas bridge under threat
The country plays a vital role in connecting Asia to Europe, but the expiration of Russian contracts and the ramifications of the war in Iran are placing it under pressure
Gas growth cools in 2025
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
OPEC+’s 11m b/d March production collapse
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
The demand destruction timebomb
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
Lessons from the crisis
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
Letter from the US: The oil market abyss
The overlooked oil supply issue is that even after the Strait of Hormuz opens, barrels won’t readily return
Do not politicise a geopolitical crisis – Ydreos
The Strait of Hormuz disruption has exposed weakness in the global energy system and reignited debate over security of supply, but it should not be used to justify an accelerated shift away from fossil fuels, says the secretary general of the IGU
Middle East chaos creates new oil and gas trends
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
The key arteries of the energy world
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
Gas Markets
Paul Hickin,
Editor-in-chief
26 November 2024
Follow @PetroleumEcon
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Gas has ‘unique’ dual role to play in world energy, says GECF

Secretary General Hamel warns on gas underinvestment, and highlights the energy source as playing a transitional role in the West and being a destination fuel in the Global South

Natural gas is abundant, versatile, flexible and the cleanest of hydrocarbons—making it essential for supporting just and equitable energy transitions—according to Mohamed Hamel, secretary general of the Gas Exporting Countries Forum (GECF). In an exclusive interview with Petroleum Economist, Hamel explained that gas’ adaptability means it can act as both a transitional fuel in places such as Europe, which is clearly on the path to building out renewables, and also as a destination energy source that acts as a building block for economic growth in places such as Africa. Hamel also pointed out that the GECF projects gas demand will grow by 34% over the next three decades. By 2050, gas is expe

Also in this section
The illusion of supply: Rethinking energy security when oil cannot move
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
Letter on Africa: Cutting methane can ease Africa’s energy crunch
Opinion
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
Letter from Europe: Energy transition meets reality
Opinion
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
Is this nuclear power’s big moment?
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way

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