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Latest EU sanctions largely toothless
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
An end to EU green illusions
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance
Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
India ready for turbulent times
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
New Zealand backs gas, but results take time
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
South Korea’s transition bottlenecks keep LNG in play
The country’s new government has grand plans for renewables, but the structural changes needed for these policies will take years to carry out
Letter from the Middle East: Iran-Israel war risks dire straits
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
Trump creates new risk dynamic
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning
Canada’s energy superpower ambition
The new government is talking and thinking big, and there are credible reasons to believe it is more than just grandstanding
Is a Russia-Iran gas deal on the horizon?
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
Outlook 2025
Politics
Mathios Rigas
13 January 2025
Follow @PetroleumEcon
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Outlook 2025: Geopolitics and gas: Volatility and the potential for energy security and peace

Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean

Take a look at a number of major reports from some of the most high-profile and respected global energy stakeholders: Shell, ExxonMobil, IEA and the EU. What do they have in common? Natural gas remains a vital energy source, both now and in the future, on every continent due to its ability to provide energy security and support the transition. The global market remains tight and needs new supply, with major LNG projects again delayed and the fabled ‘gas glut’ moved back again. Geopolitics and gas remain inseparable. Majors that made big commitments to reduce oil and gas production are reversing under pressure to provide affordable energy security and returns to shareholders. Sanctions on Ru

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The great OPEC+ reset
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The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
Latest EU sanctions largely toothless
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
A third distillate disruption
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis

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