Oil and Gas | TradeSphere
The Strait of Hormuz – a narrow sea passage between Iran and Oman – has long been described in terms of its significance for oil. That framing is incomplete. It’s true that roughly 20 million barrels per day of crude oil and oil products moved through the strait in 2025, as did roughly one-fifth of global liquefied natural gas trade in 2024.
Understanding the Context
Iran conflict disrupts oil and gas supply – and more energy stories Asian economies are disproportionately affected by Middle East crisis due to their dependence on oil and gas imports from the region. The World Economic Forum's Global Risks Report 2026 ranks geoeconomic confrontation as the foremost short-term concern. Here are six measures countries and companies in Asia have adopted to manage the fallout. The Oil and Gas Industry Community include IOCs, NOCs, independent producers, engineering and technology firms and major trading houses.
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It plays a pivotal role in advancing the sectoral transformation agenda that ensures the delivery of secure, affordable and sustainable energy. By convening executives from the industry, the community is the hub for transformational industry dialogue among ... As demand for oil and gas erodes, the cost of capital increases and carbon taxes kick in, decarbonisation will be essential in retaining the support of consumers, investors and regulators. Consumer of the future The trend to decarbonise the global economy is likely to accelerate peak demand for oil and possibly natural gas as well. Shifting strategic imperatives of the oil and gas industry | World ...
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