English references

Oil prices could jump to $200 per barrel and even higher if the Strait of Hormuz remains near-closed as it is at the moment, Fereidun Fesharaki, Chairman Emeritus of energy consultancy FGE NexantECA, told Bloomberg on Tuesday. Although the oil market is moving on sentiment and U.S. President Donald Trump’s social media posts about the war, the fact is that “every week, 100 million barrels of oil is not going through, and every month, 400 million barrels are not going through,” Fesharaki told Bloomberg Television.

We can’t know how long the war in the Middle East will last. Nor can we know who will “win” it, and in which terms. What we know is that the destruction already wreaked on things and people is immense, and it keeps escalating. The longer the war, the bleaker their perspectives in a region already plagued by all sorts of problems, including drought, soil degradation, ecosystem damage, scarce agricultural resources, declining fertility rates, and more.

Oil has empowered capitalism, and some of the world’s most exploitative regimes. Move away from it and we can solve some of the key issues we face

Wael Sawan warns of pressure on diesel and petrol if strait of Hormuz does not reopen to oil and gas shipping

The Global Environment Outlook, Seventh Edition: A Future We Choose, the product of 287 multi-disciplinary scientists from 82 countries, is the most comprehensive scientific assessment of the global environment ever carried out.

Short-Term Energy Outlook

It has the world's largest reserves, produces comparatively little, and has a type of oil that the US needs. […] Over the weekend, the United States bombed Venezuela, and captured its president Nicolás Maduro. There has been a lot of speculation about the legality, true motive and implications going forward. Oil has been a central part of the discussion. I wanted to get a quick overview of what the global picture looks like. So here are five(ish) simple charts that give some context on the history of oil in Venezuela, and why the United States — which is, by far, the world’s largest producer itself — would care so much.

UN GEO report says ending this harm key to global transformation required ‘before collapse becomes inevitable’

The International Energy Agency works with countries around the world to shape energy policies for a secure and sustainable future.

Delegates made minimal headway on timetable for replacing oil and gas or on firm commitments to reducing carbon emissions

A deal is welcome after talks nearly collapsed but the final agreement contains small steps rather than leaps

Watchdog’s flagship report says rise in low-carbon electricity will make transition ‘inevitable’, despite Trump’s calls to carry on drilling

Much attention today focuses on uncertainties affecting the future evolution of oil and natural gas demand, with less consideration given to how the supply picture could develop. However, understanding decline rates – the annual rate at which production declines from existing oil and gas fields – is crucial for assessing the outlook for oil and gas supply and, by extension, for market balances. The International Energy Agency (IEA) has long examined this issue, and a detailed understanding of decline rates is at the heart of IEA modelling and analysis, underpinning the insights provided by the scenarios in the World Energy Outlook. This new report – based on analysis of the production records of around 15 000 oil and gas fields around the world – explores the implications of accelerating decline rates, growing reliance on unconventional resources, and evolving project development patterns for the global oil and gas supply landscape, for energy security and for investment. It also provides regional insights

The planet is nearing dangerous limits. Yet progress on clean energy shows what’s possible. With political will, cooperation can still avert the worst of the climate crisis

The Production Gap Report finds that 10 years after the Paris Agreement, governments plan to produce more than double the volume of fossil fuels in 2030 than would be consistent with limiting global warming to 1.5°C, steering the world further from the Paris goals than the last such assessment in 2023.

The Implications of Oil and Gas Field Decline Rates

Analysis and forecast to 2030

Focus on capital discipline, increasing customer centricity, and investments in new technologies may help companies navigate economic, geopolitical, and regulatory uncertainties in 2025

António Guterres says ‘sun is rising on a clean energy age’ as 90% of renewable power projects cheaper than fossil fuels

Iran’s parliament approved a measure to close the vital global trade route, through which more than a fifth of the world’s oil supply passes through daily