Writing energy history at a pivotal moment for our industry.
 

The closure of the Strait of Hormuz has triggered the largest supply disruption ever recorded, with global oil supply down more than 10 mb/d and a quarter of the world’s LNG capacity offline.

The crisis has exposed the fragility of a system the global economy took for granted for decades, and forces governments and societies to rediscover that access to affordable, reliable energy underpins everything else.

For traditional producers outside the Gulf, this is a stark reminder of the value of dependable barrels and molecules — more essential than ever. For the renewables build-out, this is the moment to demonstrate resilience at scale, at speed, and at a price consumers can absorb.

Out of this crisis, new energy systems will take shape — and with them, some of the most significant investment opportunities of our generation.

Tom Erik Kristiansen, Energy Research