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Oil and gas price divide raises threat levels, part 1
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
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9th OPEC International Seminar
Petroleum Economist is proud to be an official media partner for the 9th OPEC International Seminar in Vienna
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Supercycle goes into reverse
Oil and gas prices could come crashing down, resurrecting ghosts of trade wars past
Sustained low oil prices could kill production for years
Modest downward revisions to 2025 supply belie the longer-term damage to E&P from a weaker oil market
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The history of tobacco has been repeated with the oil industry
Opinion
Europe Markets
Adi Imsirovic
London
21 December 2023
Follow @PetroleumEcon
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Letter from Europe: Tobacco offers warning for oil

Moving on from burning fossil fuels for energy will not be easy, but it is ultimately a habit the world will need to kick

In some ways it may be churlish to draw parallels between the tobacco industry and the oil sector. After all, oil was one of the wonders of the 20th century. It is probably the most useful resource that we have ever discovered. The energy that oil contains, the ease with which it can be transported and its versatility are astonishing. But the plight of the tobacco industry offers an important lesson for oil industry executives: whataboutery and a strong PR campaign only go so far. Making good on the pledges at COP28 will be the oil industry’s moment of truth. The tobacco industry knew smoking was detrimental to human health from the early 1950s. As the scientific knowledge improved, the bigg

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Oil and gas price divide raises threat levels, part 1
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
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India’s HMEL navigates clear path through market shifts
21 May 2025
Integrated refining and petrochemicals company highlights strategic flexibility amid trade war risks and long-term planning to futureproof business, says CEO Prabh Das

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