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Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
OPEC+ nears output targets amid unsolved riddles
OPEC+ has proven to be astute at bringing back oil production, but mysteries around Chinese buying, missing barrels and oil-on-water have left the group in wait-and-see mode
Accelerating MENA’s gas transformation
Gas has become a pillar of MENA economies and a catalyst for development strategies, fostering cooperation and creating new paths for economic diversification. Continued progress will require substantial investment and adapted regulations
MENA states sharpen their gas focus
The GCC countries and other states in the region are looking to make greater domestic use of gas, both that produced at home and imported volumes
OPEC+ exposes its producers’ limits
Saudi Arabia, the UAE and Iraq appear to be only members able to increase output as Russia approaches close to maximum capacity
Middle East doubling down on oil strength
Saudi Arabia, the UAE, Iraq and Kuwait aim to turn geological advantage into sustained geopolitical power via greater spare capacity
Letter from Vienna: OPEC at 65
Following its founding in September 1960, OPEC has become a key player in the global energy sector and a vital source of market stability
OPEC’s realignment
The group is cleansing itself of non-compliers and resetting expectations as it unwinds quicker than expected in a bid to go beyond production quotas
OPEC+ off-target in July
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
The great OPEC+ reset
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
Iraq Opec Kurdistan
James Gavin
12 July 2017
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Iraq starts to get grip on security

Career diplomat Sir Jeremy Greenstock, now chairman of London-based Gatehouse Advisory Partners and of Lambert Energy Advisory, is optimistic about Iraq's future

As security forces struggle to oust Islamic State (IS) from its outpost in Mosul, Iraq is elbowing its way back into the international headlines. The battle to retake the northern Iraqi city was approaching its ninth month as Petroleum Economist went to press. Iraqi forces, backed by US troops, were trying to dislodge a hard-core of jihadists from the west of the city. The parallels with the situation in 2003, as the US-led occupation forces swiftly swept aside Saddam Hussein, are plain—then, too, the question was what would come next. It's a question that Sir Jeremy Greenstock grapples with in his new book Iraq: The Cost of War. The book has been suppressed for 11 years by the British gover

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