Satellite image of the Belize-flagged and UK-owned cargo ship Rubymar, which was attacked by Yemen's Houthis and later sank
Letter from London: IE Week highlights east-west splits
Houthi actions in the Red Sea are compounding the market dislocations stemming from sanctions
International Energy Week (IE Week) in London in February took in a wide range of topics, while once again maintaining a strong focus on the energy transition. And after a number of related industry events were disrupted by climate change protesters in 2023, this year the IE Week organisers sought to head off such disturbances by including protest group members on panels and sessions. But other forms of division also became starkly apparent during the event, as various presentations and speakers demonstrated how a combination of Mideast conflict and ongoing sanctions have effectively split key energy sectors into separate—or at least partially disconnected—markets. The Houthi interdictions i
Also in this section
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
