Ballots and Barrels: The Elections to Watch in 2026

February 9, 2026

Elections that took place in 2025 across oil-relevant states were notable for their frequency, geographic spread, and political intensity, setting an important reference point for what investors can expect in 2026. While some preserved hydrocarbon policy continuity, the process was not uniformly smooth, with several elections exposing institutional strain, contested outcomes, or governance frictions that mattered for the upstream sector.