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Letter from Calgary: World’s energy contradictions in microcosm
This year’s WPC laid bare the dilemma facing the energy industry and the world at large, with warnings about the dangers of underinvestment in fossil fuels given the immaturity of alternatives
Libya targets 2m b/d oil before 2030
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Fortunes of the global economy have resulted in an increasingly fragile outlook for the oil market
Upstream Markets
Paul Hickin,
Editor-in-chief
25 May 2023
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Oil industry faces long-term investment crunch threat, says IEA’s Bosoni

‘Mature’ US shale industry, stranded asset risks and clean tech challenges mean sufficient energy supply could be in doubt beyond this investment cycle

The fortunes of the global economy have resulted in an increasingly fragile outlook for the oil market, with China’s tentative recovery and the US’ battle with inflation and banking uncertainty being key factors. This has unnerved Opec+ and prompted two sets of production cuts in less than six months, creating an uneasy tension between producers and consumers as the question of how to balance the market becomes ever harder to answer. The head of the IEA’s oil market division, Toril Bosoni, spoke to Petroleum Economist in an exclusive interview about where the oil market is heading in the near term and on the evolving role of investment, US shale and climate policies further out. How signific

Also in this section
Letter from Calgary: World’s energy contradictions in microcosm
Opinion
29 September 2023
This year’s WPC laid bare the dilemma facing the energy industry and the world at large, with warnings about the dangers of underinvestment in fossil fuels given the immaturity of alternatives
Libya targets 2m b/d oil before 2030
28 September 2023
Oil minister Oun sends out cautiously optimistic message on oil and gas outlook and says pilot project ready to unlock huge shale reserves key to further growth
Asian gas industry group counts on rising demand
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
How the Yom Kippur war changed OPEC
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains

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