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The illusion of supply: Rethinking energy security when oil cannot move
Demand for oil is falling because supply cannot meet it, not because it is no longer required
OPEC+’s 11m b/d March production collapse
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
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Venezuela already making oil comeback
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
The demand destruction timebomb
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
Lessons from the crisis
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
Libya's potential goes unrealised
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The key arteries of the energy world
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
Dr Omar Farouk Ibrahim, Appo secretary general
Upstream Markets
Simon Ferrie
12 May 2023
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Africa must end foreign dependence, says Appo

Regional energy body pushes for new strategies to develop the continent’s resources

Africa has enormous hydrocarbon reserves and yet the majority of the continent’s population has only limited access to energy. Despite that disparity, critics in the West condemn new oil and gas projects in Africa in the name of the environment and the energy transition, even as European governments and IOCs look south with renewed interest, believing African resources can help ensure security of supply in the post-Ukraine invasion world. The African Petroleum Producers’ Organization (Appo), meanwhile, has its own pro-development agenda, emphasising a move away from dependence on the West. Appo secretary general Dr Omar Farouk Ibrahim spoke to Petroleum Economist about those plans and the wi

Also in this section
The illusion of supply: Rethinking energy security when oil cannot move
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
Letter on Africa: Cutting methane can ease Africa’s energy crunch
Opinion
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
Letter from Europe: Energy transition meets reality
Opinion
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
Is this nuclear power’s big moment?
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way

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