Fortunes of the global economy have resulted in an increasingly fragile outlook for the oil market
Oil industry faces long-term investment crunch threat, says IEA’s Bosoni
‘Mature’ US shale industry, stranded asset risks and clean tech challenges mean sufficient energy supply could be in doubt beyond this investment cycle
The fortunes of the global economy have resulted in an increasingly fragile outlook for the oil market, with China’s tentative recovery and the US’ battle with inflation and banking uncertainty being key factors. This has unnerved Opec+ and prompted two sets of production cuts in less than six months, creating an uneasy tension between producers and consumers as the question of how to balance the market becomes ever harder to answer. The head of the IEA’s oil market division, Toril Bosoni, spoke to Petroleum Economist in an exclusive interview about where the oil market is heading in the near term and on the evolving role of investment, US shale and climate policies further out. How signific
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
