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Behind the scenes at The Economist
A looming supply glut is weighing on giants from Exxon to Shell
Catch up on global daily news
Compelling long reads
Tune into captivating conversations
Watch engaging short films
Behind the scenes at The Economist

Exxon and Chevron have benefited less than their European rivals

Meet the corporate gamblers who never waste a good energy crisis

As stocks dwindle, further price rises are inevitable

Alternatives to Gulf supplies are scare

The great commodity-market mystery is deepening

Although many of their investments have a commercial logic, the result looks increasingly unwieldy