July 2026

The industry is entering a higher-cost era, with future supply increasingly dependent on more complex, capital-intensive and geographically challenging projects, GECF energy economics analyst Galia Fazelianova tells Petroleum Economist

Higher development costs are making long-term contracts, buyer support, stable financing and timely investment decisions increasingly important for future LNG supply growth, GECF energy economics analyst Galia Fazelianova tells Petroleum Economist.

Overall production drops further in May amid inconsistent compliance and a fragile supply outlook

Asian refiners have reduced their dependence on Middle Eastern crude, with African and Atlantic Basin barrels emerging with renewed gusto

The case for the group’s long-term oil demand growth and investment in hydrocarbons remains strong, but the Middle East conflict has created new forms of doubt

Baku Energy Week saw Azerbaijan seek to broaden its role in a fractured global energy market, a US push for closer ties with the Caspian country and discussions on crisis responses

Kyrgyzstan’s heavy dependence on hydropower is both a blessing and a curse. The country’s perennial problems with power supply demonstrate the need for regional energy connectivity and cooperation

The Iran war has given ADNOC both the motive and the urgency to sever its dependence on the world's most dangerous shipping lane

The country's late-life divestment programme has become the global proving ground for mature-basin acquisitions—and is exposing a generation of conventional valuation metrics that systematically mislead capital allocators

The alliance has the battle scars from a decade of oil shocks, a pandemic, a war in Ukraine and now conflict between the US-Israel and Iran as another blow, but a flurry of deals at SPIEF underscore the enduring power of the relationship

Ukraine’s vast gas storage has become central to a key route amid shifting priorities for the continent

Hydrocarbons, economic influence and strategic geography increasingly define Iraqi-Iranian relations, with implications for regional stability and global energy security

Lack of ice-class tankers, combined with quota and tax issues, is holding back Rosneft’s potential world-class development

The Middle East crisis has emboldened India’s government to address the lack of strategic reserves, but it will be a long, slow and costly process and may still not reach required levels

The crude importer’s strategic diversification, its eye for a cheaper barrel and its strength in flexibility has seen Venezuela emerge as a major supplier as it looks beyond the Middle East

DNV experts will be present at the 25th WPC Energy Congress, taking place in Riyadh from 11–15 October 2026, at booth #5450 B in Hall 5, engaging with industry leaders and sharing insights on the region’s energy transition. Ahead of the conference, DNV’s Jan Zschommler, market area manager Middle East & Africa, energy systems, shares some insights on the current energy landscape with Petroleum Economist