US Secretary of Energy Chris Wright at CERAWeek
Oil and gas industry beats demand drum
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
To mark the start of CERAWeek by S&P Global, executives from across the global energy supply chain came together in Houston, Texas to set the record straight—that oil and gas are here to stay. “We need more energy—lots more energy,” said Chris Wright, US Secretary of Energy, in his opening comments, referring to growing global demand. He noted that energy users in the US require “an average of 13bl of oil per person per year… [while] Africans average less than 1bl”. His message was unequivocal: energy and economic progress go hand in hand. Wright firmly confirmed that gas is here to stay. “There is no physical way that wind and solar could replace the myriad of uses of natural gas,” he
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
