Economic case for a major energy transition is clear
Oil and gas must face climate change head on
Pushing for more fossil fuels is counter-productive to hydrocarbons’ important long-term role
The IEA has faced an onslaught of criticism from both the left and the right of the political spectrum since the publication of its Net Zero by 2050: A Roadmap for the Global Energy Sector report in May 2021. However, the fiercest criticism has come—directly or indirectly—from some quarters of the oil and gas industry itself: from Saudi oil minister Prince Abdulaziz bin Salman calling it “La La Land” to the report by the Energy Policy Research Foundation (EPRF) labelling it as a “seal of approval… to block investment in oil and gas production by Western companies”. The EPRF describes itself as a “not-for-profit organization that studies energy economics and policy issues with special emphasi
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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
