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Bad omens for Chinese oil demand
Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour
Trump’s LNG metamorphosis
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
The many faces of China’s oil demand
While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel
Sasol delays South Africa’s ‘gas cliff’
The company will use methane-rich gas produced from local coal to temporarily replace lost supplies from Mozambique
UAE studies AI power needs as high gas demand strains energy mix
Rewards offered by investment in the sector must be balanced by its energy consumption amid an increasingly gas-hungry domestic market
China’s oil majors making gas shift
PetroChina, Sinopec and CNOOC are aiming to rebalance their energy mixes but face technically difficult deepwater and shale task
Letter from the US: Oil and gas producers face tax threat
Capping state corporate income tax deductions would reduce energy supplies and raise prices
Letter from Saudi Arabia: Energy, diplomacy and the art of the deal
Saudi Arabia is growing as a geopolitical and diplomatic force amid an increasingly fractured world
Mozambique LNG financing cannot lift security gloom
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
Trump’s energy policy paradox
US consumers are not likely to see gasoline prices fall to Trump’s ‘beautiful number’, at least if the president also wants to encourage more drilling
Argentina Brazil China Guyana Kuwait Mozambique Russia Saudi Arabia Suriname UAE US Venezuela
Cleveland Jones
20 December 2021
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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

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