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OPEC presses pause
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
Learning from oil’s supercycle miss
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
The complex crude glut picture
The swelling crude supply story involves the key plot twists of reluctant buyers, limited oil stocks and refiners playing the long game
Alberta’s energy hub sees silver lining
US tariffs bolster Alberta’s Industrial Heartland exports to Asia
The curious case of oil-on-water
The market is facing being drowned in excess crude, but one caveat is that a large chunk is due to buyers reluctant to snap up sanctioned barrels
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
Nigeria charts ‘just transition’ course for NOCs
OPEC Governor Ademola Adeyemi Bero argues that only by prioritising oil and gas through partnerships with IOCs and stable OPEC market management can NOCs fulfil their pivotal global role
Oil’s fragile AI trillions
Prices risk hitting $10/bl should the tech bubble burst amid worrying economic fallout
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
Fatih Birol, IEA executive director
Markets
Paul Hickin,
Editor-in-chief
22 May 2023
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IEA’s Birol sees role for oil and gas as part of ‘orderly’ energy transition

Tackling both the energy security crisis and the climate crisis means clean energy push must be secure and affordable

Energy security and energy sustainability do not always make the most comfortable of bedfellows. Concerns over sufficient oil and gas, stemming partly from the Russian invasion of Ukraine, have raised questions over the pace, cost and practicality of climate goals. But for the Paris-based IEA—the global energy authority—security of supply, environmental sustainability and increased energy cooperation around the world make up its triple-headed mission. Petroleum Economist sat down at the IEA’s headquarters with its executive director, Fatih Birol, to discuss the big energy issues facing the world. How has the IEA’s mission evolved from a focus on energy security to a focus also on energy sust

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OPEC presses pause
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters

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