Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
The illusion of supply: Rethinking energy security when oil cannot move
Demand for oil is falling because supply cannot meet it, not because it is no longer required
OPEC+’s 11m b/d March production collapse
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
The demand destruction timebomb
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
Lessons from the crisis
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
Letter from the US: The oil market abyss
The overlooked oil supply issue is that even after the Strait of Hormuz opens, barrels won’t readily return
Middle East chaos creates new oil and gas trends
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
The key arteries of the energy world
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
Through the oil looking glass
The extent of the US-Israel war with Iran means there will be no going back to the previous market equilibrium no matter how the conflict ends
Do not fear runaway Henry Hub prices
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
Will policymakers panic before the oil market?
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
Fatih Birol, IEA executive director
Markets
Paul Hickin,
Editor-in-chief
22 May 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

IEA’s Birol sees role for oil and gas as part of ‘orderly’ energy transition

Tackling both the energy security crisis and the climate crisis means clean energy push must be secure and affordable

Energy security and energy sustainability do not always make the most comfortable of bedfellows. Concerns over sufficient oil and gas, stemming partly from the Russian invasion of Ukraine, have raised questions over the pace, cost and practicality of climate goals. But for the Paris-based IEA—the global energy authority—security of supply, environmental sustainability and increased energy cooperation around the world make up its triple-headed mission. Petroleum Economist sat down at the IEA’s headquarters with its executive director, Fatih Birol, to discuss the big energy issues facing the world. How has the IEA’s mission evolved from a focus on energy security to a focus also on energy sust

Also in this section
The illusion of supply: Rethinking energy security when oil cannot move
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
Letter on Africa: Cutting methane can ease Africa’s energy crunch
Opinion
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
Letter from Europe: Energy transition meets reality
Opinion
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
Is this nuclear power’s big moment?
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search