US, Russia and China circle the Arctic

China’s secure energy transition

Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports

Venezuela already making oil comeback

The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term

Qatar’s Golden Pass dilemma

Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG 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

Libya's potential goes unrealised

Disappointing results in its bidding round are a reality check for Libya, and global exploration generally

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

How Russia gains from the Hormuz supply shock

The US may be systemically stripping Russia of key geopolitical allies, but Moscow can reap rewards from the Hormuz crisis, both in the short and long term

Hormuz crisis delivers tailwinds for US LNG

Disruptions to Qatari LNG exports have highlighted the risks of concentrated supply, potentially strengthening the long-term position of US exporters despite limited near-term flexibility

Trump’s bid to reshape the global energy order

From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power

Energy dominance as diplomatic leverage

Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics

US, Russia and China circle the Arctic

The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold