for Oil Demand
New COVID-19 restrictions in major economies and a new coronavirus variant raises serious oil market concerns about the next few months.
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.
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.
Low oil prices and high-profile deals point to a shift toward consolidation in the U.S. oil industry.
The IEAs latest World Energy Outlook predicts renewable energy will outcompete fossil fuels for new power generation—but more aggressive policies are needed to speed the pace of the energy transition.
The outcome of the election will have significant implications for the energy industry – but some trends are beyond White House control.