Iranian threats to disrupt shipping through the Strait of Hormuz highlights the precarious political nature of the oil market—and recent events show why this threat must be taken seriously.
The poor performance in the first three months of the year has not put a dent in confidence among top oil executives who see stronger profits later this year and next, although plenty of uncertainty remains.
The oil majors have reported their best financial results in years, but they still face a litany of risks both in the near-term and in the years ahead.
As "Peak Demand" has faded from the industry dialogue, international oil companies examine how to meet growing global energy demand while keeping prices low.
Incumbent firms in the energy sector, such as oil majors and commodity merchants, are experimenting with blockchain technology, and see it as a disruptive data solution that will alter the logistics of oil trading.
Fourth-quarter earnings significantly missed expectations, but they do not necessarily negate the broader improving trend for the oil majors.
The oil majors are posting their best quarterly figures in years, an indication that they are adapting to the new price environment. After several years of spending cuts and rising debt, the largest integrated oil companies have turned a corner.
The North Sea is seeing a revival, thanks to lower production costs, new investment, a slight uptick in output, and newfound optimism. But it's unclear if the region's reversal of fortunes will last.
There is still a long way to go before Mexican production can grow in a meaningful way, but several years since the landmark liberalization of the country’s energy sector, the situation is finally moving in the right direction.
Oil majors may not be entirely out of the woods yet, but first-quarter performances suggest that they are on the upswing after nearly three years of mostly red ink.