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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
US oil sector faces complicated path
Trump energy policies and changing consumer trends to upend oil supply and demand
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
California refiners dreaming of heyday
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
Mars attacks US oil industry
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery
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
Bakken oil output may hold its ground
While oil prices will determine the trajectory of the key US shale patch, regulation and technological shifts are also likely to shape direction longer term
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
US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
US Politics
John Royall
21 January 2025
Follow @PetroleumEcon
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Trump administration must state its position on climate and energy

The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition

In a speech to announce the US’ Fifth Climate Assessment on 14 November 2023—a report that was compiled by more than 700 climate scientists and thousands of contributors—President Joe Biden stated that the greatest existential threat to the US and humanity is the “climate crisis”. In his speech, Biden went on to say, “But it is simply a simple fact that there are a number of my colleagues on the other side of the aisle—MAGA Republican leaders—who still deny climate change, still deny that it is a problem. My predecessor (former and current President Donald Trump) and much of the MAGA Republican Party, in fact, are—feel very strongly about that. Anyone who willfully denies the impact of clima

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A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
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TotalEnergies sticks to winning formula
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TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.

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