for Low Oil Prices
As continued OPEC curbs alongside a further hefty Saudi cut nudge WTI back above $50 per barrel, U.S. shale drillers have pulled back from the abyss.
Amid internal discord and budget pressures, OPEC+ has reportedly agreed to incremental production increases and monthly monitoring.
Underinvestment, fiscal stimulus and a weaker dollar could form the foundation for a commodity super-cycle.
Alaska’s oil industry faces an uncertain future with poor economics, a shrinking pool of capital, and the prospect of tightening environmental policy.
Lockdowns and rising COVID cases are counteracting the effects of a coronavirus vaccine on the oil market.
Likely Republican control of the Senate means President-elect Joe Biden's first policy actions will come from the President's pen, rather than Congressional legislation.
The latest COVID-19 wave could force the group to extend the cuts once again.
The outcome of the election will have significant implications for the energy industry – but some trends are beyond White House control.
China's plans to achieve net-zero carbon emissions by 2060 is the latest high-profile development in the shift away from fossil fuels.
Even after historic cuts, lower demand means the oil market is still under pressure.