Meeting the oil and gas supply gap
The world has no lack of recoverable oil and gas resources. But where they will come from in the future will change
One of the major drivers of current short-term strength in the oil market is a lack of investment in new production to offset natural decline from existing fields. There are many valid reasons for this lack of capital, including price collapses over the past decade, continuing uncertainty over future demand and a constraint on investment dollars, either due to ESG concerns or disappointing past financial performance from oil producers. But, while the world is moving to a low-carbon future, it is still almost certain—barring a dramatic pivot towards accelerated progress to net zero that is nowhere being seriously politically contemplated—to need more new oil production. Even falling demand wi
Also in this section
23 March 2026
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
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
20 March 2026
The US may be systemically stripping Russia of key geopolitical allies, but Moscow can reap rewards from the Hormuz crisis, both in the short and long term
