
An E3G report classifies Algeria, Iraq, Nigeria, Angola, Iran, and Libya as the most vulnerable countries in the “post-oil era” due to excessive reliance on oil revenues and weak economic diversification, coinciding with the slowdown in growth in global demand for oil.
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Petroleum states face economic challenges as the world shifts toward clean energy and adopts electric cars. Global oil demand growth is slowing significantly compared to the pre-pandemic period.
Why are Algeria and Iraq in danger in the “post-oil era”?
Countries such as Algeria, Nigeria, Angola, Iran, Iraq and Libya stand out as the most vulnerable to the “post-oil era”, due to their heavy reliance on oil revenues to finance budgets and public services, with weak economic diversification and the absence of sufficient capital to absorb the shock, according to the “The End of the Oil Age” report issued by E3G, a research institution concerned with climate, energy and geopolitics issues.
The World Bank says that the growth of global oil demand is slowing, as it is expected to rise by only about 0.7 million barrels per day in 2025 and 2026, that is, about half the average increase before the Corona epidemic, with the decline in the intensity of oil use and the spread of electric cars.
Turkish exports to Syria witnessed remarkable growth during the year 2026, as Syria ranked fifth among Turkey's neighboring countries. Milling, cement and energy products topped the list of exports, amid an upward trend in trade exchange between the two countries.

The CEO of the Saudi Insurance Authority, Naji Al-Tamimi, announced that the insurance sector’s capital had risen to 36 billion riyals, with a target of reaching 50 billion riyals, confirming the granting of new licenses and the development of a national strategy that includes 72 initiatives to enhance the market and technical innovation.

The Kremlin links the deterioration of energy markets to instability in the Middle East, while China concludes a liquefied gas deal with an American company, and Iraq discusses with Total Energies ambitious energy projects to increase production.

China Gas and Venture Global have concluded an agreement to supply 0.5 million metric tons of American liquefied natural gas annually to China for 20 years starting from 2030, in light of the continuation of Chinese customs duties on American energy products.

China Gas and Venture Global concluded an agreement to supply liquefied natural gas for a period of 20 years, in conjunction with Iraqi-French discussions to enhance energy investments, amid fluctuations in global oil prices and energy supply challenges in Asia.

China Gas and Venture Global have concluded an agreement to supply liquefied natural gas for a period of 20 years. In parallel, China faces weak demand for domestic credit, while the authorities seek to protect exporters from yuan fluctuations by encouraging financial hedging tools.