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Semafor World Economy

Amena Bakr

Amena Bakr

Head of Middle East Energy & OPEC+ research at Kpler

Email Amena

Amena Bakr is the Head of Middle East Energy & OPEC+ research at Kpler, an independent global commodities trade intelligence company.

Trapped barrels and filling storage test Gulf oil exporters

With the disruption of the Strait of Hormuz, production halts are expected to spread as the war persists.
Tankers are seen off the coast of Fujairah, as Iran vows to fire on ships transiting the Strait of Hormuz.Jan Harvey/Reuters

Venezuela’s long road back to oil relevance

Sanctions relief and new laws may attract investors, but politics, infrastructure, and trust hinder a rapid oil revival.
Venezuela’s interim President Rodriguez and US Energy Secretary Wright tour oil facilities.Venezuela’s interim President Rodriguez and US Energy Secretary Wright tour oil facilities. Miraflores Palace/Handout via Reuters

Trump wants Venezuela. Oil companies prefer Libya

Costs, timelines, and geopolitics matter more than reserves as companies weigh where to deploy capital.
An oil field in Libya. Jawhar Deehoum/Reuters.

The next oil shock will come from supply

Looking beyond next year, the global oil system faces a widening gap between rising demand and the slow pace of new supply additions.
An oil refinery in Germany. Hannibal Hanschke/File Photo/Reuters.

US-Saudi ties pivot from oil to atoms

Two recent deals announced in Washington have the potential of reshaping the global energy balance of power.
Jars containing rare earth minerals.Jars containing rare earth minerals. Melanie Burton/Reuters.

Trump’s fossil fuels push opens African energy opportunities

US support for hydrocarbons could accelerate energy projects if African governments can overcome old challenges.
A Sembcorp employee stands near the turret of Tullow Oil’s newly completed Floating Production, Storage and Offloading vessel.Edgar Su/Reuters

Oil bears are missing the market’s underlying strength

OPEC+ production boost, China’s stockpiling, and anemic investment indicate that demand may be stronger than anticipated.

Trump tariffs won’t stop Russian oil flow to India

A 50% tariff threat isn’t enough for New Delhi to sacrifice energy, military, and diplomatic ties with Moscow.

OPEC feels vindicated by its ‘no peak demand’ forecast

The group’s message from its biennial gathering in Vienna is that the “energy transition” will lean on hydrocarbons for longer than previously expected.

Gulf states aim to provide the power to win the AI race

In the AI battle between the US and China, Abu Dhabi wants to provide the power fueling the revolution.

Analysis: Trump’s crude paradox vexes his Houston oil base

The president’s focus on lower oil prices is making it harder for US shale producers to “drill, baby, drill.”

Analysis: OPEC+ accelerates supply hike to preserve unity

The group fast-tracks its production increase to reward compliant members with more output, despite global economic headwinds.

Analysis: OPEC+ stays the course, defying market expectations

The oil producer alliance proceeds with a gradual output boost, signaling confidence in oil demand growth.

Analysis: OPEC+ won’t bow to Trump

The bloc and its partners will stick to its playbook, prioritizing market stability and cohesion over politics.
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