Energy markets are so damn fickle - by Seb Kennedy

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Polarised and filtered photograph of the view from a skyscraper overlooking the Heydar-Aliyev Avenue in Baku, Azerbaijan. Photo by Seb Kennedy for Energy Flux (c) 2025

The view from Baku

EXCLUSIVE: SOCAR interview Q&A + multimedia report from Baku Energy Week

A cartoon showing Iran's supreme leader Ali Khamenei and Israeli president Benjamin Netenyahu riding missiles amid explosions. In the background, energy price charts show prices surging

Don’t forget the macro!

HOT TAKE: Oil and gas prices will surge on Monday’s market open. But this won’t mark a structural shift.

SOCAR deputy Vice President Vitaliy Baylarbayov stood in front of a portrait photo of Azerbaijan's ex- president Heydar Aliyev, in June 2025. Photo © Seb Kennedy / Energy Flux

SOCAR: ‘Our customers are behind a glass wall’

EXCLUSIVE: Deputy VP Vitaliy Baylarbayov talks TTF, hydrogen, gas transit tariffs, and more...

An AI-generated image of a shining Ukrainian shale gas fracking rig flying the blue and yellow flag of Ukraine, rising like a phoenix from the flames of aerial bombardment by Russia

Ukraine wants to frack its way to victory

EXCLUSIVE: Kyiv is hunting for foreign cash and technology to unleash an American-style shale gas revolution