Chatham House work on fossil fuels explores the oil and gas industry and its future direction, targeting issues such as oil prices, the new producers, and how to reform the industry.
Uncertainty and concern about the future of fossil fuels continues with the agreed climate targets of the Paris Agreement driving a need for tougher policies.
The impact on the oil and gas sector is intensifying, especially in terms of prices. Research shows oil demand will decrease, but in a relatively predictable manner, and that it is important to avoid overinvestment in potentially unnecessary projects.
For natural gas the outlook is much more unsettling and unpredictable, as policies to promote renewables grow and government attitudes change regarding nuclear energy and use of cheap coal.