Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
The oil risk premium fable
Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
The long road to African energy finance
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
OPEC+ still showing restraint
Petroleum Economist analysis shows OPEC bringing back some barrels in May, but fewer than expected, while OPEC+ continues to see output fall
OPEC++, the sequel, has arrived
It is time to acknowledge that the US-Saudi Arabia nexus is driving a fundamental shift in OPEC strategy
Saudi-US energy ties adapt to multipolar world
Saudi Arabia and US relations can construct a new ‘field of dreams’, but opportunism may be the new rules of the game
Oil and gas price divide raises threat levels, part 2
LNG projects need the certainty of long-term contracts, but Henry-Hub–linked deals put buyers at significant risk
Oil and gas price divide raises threat levels, part 1
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
Oil market imbalances divide major energy agencies
OPEC and IEA split on oil demand outlook and even diverge on supply risks, with huge implications for market sentiment
9th OPEC International Seminar
Petroleum Economist is proud to be an official media partner for the 9th OPEC International Seminar in Vienna
The energy sector is the source of about three-quarters of greenhouse gas emissions
Markets Finance
Adi Imsirovic
3 May 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Opec, IEA face-off reflects oil’s evolving role

The recent disagreement between Opec and the IEA over market volatility is rooted in the seismic shift required by the oil industry to avoid catastrophic climate change

Volatility, in particular the price effects emanating in the financial markets, was the keyword as some of the biggest names in oil market analysis gathered in Vienna for the ninth joint IEA-IEF-Opec Workshop at the end of April. The hospitality of the Opec secretariat was as welcoming as ever, and the tone of the discussions was friendly and cordial. However, on the same day of the forum, the new Opec secretary-general, Haitham al-Ghais, issued a statement criticising earlier comments of Fatih Birol, the IEA executive director, who said that Opec’s recent output cuts came as a “bad surprise”. Ghais pointed the finger at the IEA and its calls for an end to investing in oil as a more likely s

Also in this section
The oil risk premium fable
17 June 2025
Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
Look again at African oil and gas investment
17 June 2025
Sound development planning is essential in this diverse and rapidly evolving region
The long road to African energy finance
16 June 2025
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
Azerbaijan enjoys rare upstream FID
16 June 2025
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search