Markets

In early 2026, the global drive to phase out crude oil has hit a significant roadblock as geopolitical tensions and economic realities force a shift from climate-centric policies to energy security.

In Feb. 2026, the strategic gap between US and European oil majors is closing as the latter group abandons

Norway, Western Europe's largest hydrocarbon exporter, entered 2026 navigating a stark energy dichotomy.

The European Commission has officially proposed a significant recalibration of its landmark climate policy, retreating from a total ban on new internal combustion engine (ICE) vehicles originally set for 2035.

The governments of both Alberta, Canada, and the US are actively relaxing or delaying the enforcement of key methane and flaring environmental regulations for oil and gas producers.

The UN COP (Conference of the Parties) 30 climate summit in Belem, Brazil, concluded without an agreement on a roadmap to transition away from fossil fuels, a key proposal that dominated political discussions.

Colombia, once the world’s only major oil producer to commit to a

The global oil sector is grappling with a paradox: while European refineries face existential pressure to pivot to clean fuels, major international oil companies (IOCs) are cutting jobs and spending to survive short-term price pressure, all while remaining fundamentally bullish on oil's long-term future.

A recent analysis argues that Europe cannot achieve energy security by increasing fossil fuel drilling.

Despite publicly adopting a