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Outlook 2026: LNG markets and the overhang
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
Outlook 2026: The geopolitical weaponisation of LNG
Global gas markets are being reshaped by politics as much as by gas prices and fundamentals. From Washington to Doha, Brussels and Beijing, LNG has become a strategic weapon as much as a commodity
Outlook 2026: LNG’s Pacific FID race heats up – Ramp-ups, rejuvenations and restarts
The US Gulf dominated investment decisions this year, but Asian importers’ concerns over supplier diversity mean the focus is shifting
OPEC presses pause
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
Letter from Saudi Arabia: US-Saudi energy ties enter a new phase
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
Letter from Abu Dhabi: ADNOC’s evolution putting it atop the energy chain
Once a national oil champion, the company is now so much more
XRG breaks the mould of Gulf NOCs
In the year since its formation, ADNOC’s energy investment company has made ambitious forays into M&A. With new leadership appointees from Wall Street’s elite, the scale of that ambition is set to ramp up
Sonatrach feels the winds of change
Algeria’s state energy company has new leadership looking to inject fresh momentum into its upstream E&P sector—with majors’ interest piqued by untapped unconventional gas deposits
The curious case of oil-on-water
The market is facing being drowned in excess crude, but one caveat is that a large chunk is due to buyers reluctant to snap up sanctioned barrels
Western nations have asked Saudi Arabia and the UAE to increase output
Opinion
Opec Iran Iraq UAE Egypt Qatar Algeria Saudi Arabia LNG Oil markets
Robin M Mills
Dubai
29 March 2022
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Letter from the Middle East: Buyers call for more

Western countries want Mideast Gulf producers to boost output, but the options are limited

Russia’s invasion of Ukraine has put many Middle Eastern countries in a tricky position politically, but it has reinforced their centrality to the global energy economy. Mideast Gulf countries complain that Western leaders only visit when they need them. They bemoan a lack of support over attacks on energy infrastructure emanating from the Houthi forces in Yemen, and the Biden administration’s pursuit of a renewed deal with Iran. As the only two Opec+ members with substantial spare oil production capacity, Saudi Arabia and the UAE have been implored by the US, Germany and the UK to raise output. Both are engaged in multi-year expansion programmes. Riyadh responded coldly that it would not be

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Outlook 2026: Grand plan for offshore leasing should give boost to US Gulf
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
Outlook 2026: Revitalising Syria’s oil and gas sector – A new chapter
Outlook 2026
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
Outlook 2026: LNG markets and the overhang
Outlook 2026
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
Outlook 2026: Energy realism regains the initiative from energy idealism
Outlook 2026
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away

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