Saudi Arabia has pressured smaller nations to accept production quota reductions
E&P investment becoming mission impossible
Oil price volatility and the high cost of hedging mean putting money into exploration and production is unaffordable for all but the largest players
The Opec+ members and central bankers from the EU, the US and the UK all announced key decisions in June 2023. Their actions vividly demonstrated why investors across the world will put money into building plants to produce everything from computer chips to batteries but will not back proposals to drill for oil. The central bankers, as usual, telegraphed their actions in advance in a concerted effort to warn investors and/or confirm market expectations. The policies adopted since the appointment of Prince Abdulaziz bin Salman as oil minister have made it more challenging for most companies to invest safely in oil exploration. These policies clearly result from Crown Prince Mohammed bin Salma
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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
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
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
