Emergency personnel work at the site of a strike on a residential building in Tehran
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 global oil and gas industry is in a state of structural reconfiguration. A confluence of macroeconomic pressures, geopolitical upheaval, technological disruption and evolving capital markets is reshaping the operating environment for all of its stakeholders—producers, traders, financial institutions and governments. The trends that characterise the current shape of the oil and gas business signify a resilient sector that is simultaneously doubling down on hydrocarbon production and grappling with the complex realities of a world in energy transition, all against an unstable geopolitical landscape. US foreign policy is more internationally interventionist than in the first Trump administr
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The April 2026 issue of Petroleum Economist is out now!
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