Saudi Arabia Confidently Shifts Its Price Target as U.S. Enters Summer Driving Season
The Saudis continue shifting its goals for where oil prices should be. The Kingdom is now signaling that it wants to increase prices to $80-$100 per barrel in order to enhance the valuation for its planned initial public offering.
Canada’s Oil Industry Faces Long-Term Challenges Without Key Pipelines
The cancellation of the Trans Mountain Expansion pipeline would significantly hurt Alberta's oil sands producers, which are struggling with midstream constraints and large discounts for their crude.
India Scales Back EV Ambitions, But Heads in Right Direction
Even though India’s vision of an all-electric future is bumping up against reality, the country is moving in the right direction to diversify its car fleet as population grows and the demand for oil rises faster than in any other market.
Oil Majors to Thrive as Market Enters a Period of ‘Restraint’
The current environment is ideal for the oil majors: Lower production costs, consolidation, and cautious spending allow them to post massive returns.
More sanctions against Venezuela could be looming, which would further undermine the country’s production at a time the global market is tightening. Read More
Lost in the albeit important discussion of the environmental benefits of CAFE is the pivotal role that they have played in reducing U.S. oil consumption and putting the nation on a path to making the rare transition from being a net importer of oil to being a net exporter. Read More