China holds the cards in US-EU poker
As the US shale industry struggles, energy sanctions targeting China are unlikely
Energy’s geopolitical and geo-economic importance means it is always at risk of becoming a pawn in wider strategic conflict. The standoff between Beijing, Washington and much of Europe—complicated by China’s ongoing crackdown on civil liberties in Hong Kong—is no different. Few pundits see a quick way out of a deepening conflict that encompasses several major issues including the coronavirus pandemic—for which many across the world blame China, either through genuine analysis of the transparency of Beijing’s handling of the outbreak, or because of convenient, populist blame-mongering—trade and digital spying. As Petroleum Economist went to press, the US and China introduced mutual visa restr
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
