The week that ended on 28 June 2026 will be remembered as one of the most consequential in the energy calendar since the Strait of Hormuz closed in late February
The producer’s energy wealth extends beyond mere export revenues, with the key challenge being how this wealth is managed
The trajectory towards peak oil use may, for the first time, have been fundamentally altered by the Mideast crisis
DNV experts will be present at the 25th WPC Energy Congress, taking place in Riyadh from 11–15 October 2026, at booth #5450 B in Hall 5, engaging with industry leaders and sharing insights on the region’s energy transition. Ahead of the conference, DNV’s Jan Zschommler, market area manager Middle East & Africa, energy systems, shares some insights on the current energy landscape with Petroleum Economist
The case for the group’s long-term oil demand growth and investment in hydrocarbons remains strong, but the Middle East conflict has created new forms of doubt
The alliance has the battle scars from a decade of oil shocks, a pandemic, a war in Ukraine and now conflict between the US-Israel and Iran as another blow, but a flurry of deals at SPIEF underscore the enduring power of the relationship
Overall production drops further in May amid inconsistent compliance and a fragile supply outlook
The bigger the supply disruption, the bigger the move away from oil and gas use, helping keep energy prices in stasis
Surging oil prices are once again prompting governments around the world to look at ways to extract more money out of energy companies
