Oil and the Economy

White House Struggles to Square Climate Goals and Gasoline Prices
The White House wants to slash greenhouse gas emissions in half by 2030. But asking the OPEC+ cartel to pump more oil seems to undercut those aspirations. Read More
Oil and the Economy

Japan’s Decision to Cut LNG Demand Clouds Gas Outlook
Japan plans to halve its LNG consumption – disrupting the plans of LNG exporters worldwide. Read More
Oil and the Economy

Study: Methane Leaks In BC’s Gas Operations Much Higher than Thought
A new study has found that methane emissions from natural gas drilling in British Columbia are roughly twice as high as previously thought,. Read More
Oil and the Economy

Canada Announces Plans to Phase Out ICE Vehicles by 2035
The Canadian government announced a landmark new regulation that would ban gasoline and diesel vehicle sales by 2035, adding its name to the list of governments phasing out the internal combustion engine. Read More
Oil and the Economy

In Wake of Losses to Oil Majors, Path Forward Remains Unclear
Exxon's board reshuffle has sent shockwaves through oil companies, as a new era of corporate scrutiny beckons. Read More
Oil and the Economy

OPEC+ Could Jump Into Action as Oil Prices Rise
OPEC+ is considering an increase in oil production as the global market tightens and prices rise – with some predicting a return to $100 oil. Read More
Economics

Oil-Producing Countries Could See Trillions in Revenue Losses From Energy Transition
Petrostates remain ill-prepared for the global energy transition, and could see a budgetary gap of $9 trillion over the next two decades. Read More
Economics

Report: Structural Bull Market For Commodities Coming
Underinvestment, fiscal stimulus and a weaker dollar could form the foundation for a commodity super-cycle. Read More
Economics

Energy Transition Picks Up Steam
China's plans to achieve net-zero carbon emissions by 2060 is the latest high-profile development in the shift away from fossil fuels. Read More
Economics

BP Joins Peak Demand Crowd
BP believes evolving policy, technological advances and COVID-19 mean peak oil demand will be reached in the 2020s—or has already happened. Read More
Economics

U.S. Losing Ground In CASE Race
The U.S. is lagging behind the rest of the world’s major auto markets in the transition to EVs. Read More
Economics

Oil Majors Hit By Major Write-Downs
Behind the billions of dollars in write-downs is a substantially gloomier assumption about the long-term trajectory of the oil market. Read More
U.S. Oil and Gas

Methane Crisis Needs Urgent Action
Slashing methane emissions from the oil and gas industry is one best and most urgent areas of climate action, according to a new report from the International Energy Agency. Read More
U.S. Oil and Gas

ConocoPhillips Doubles Down on Shale With $9.5 Billion Takeover of Shell’s Permian Assets
As the energy transition gathers pace, the strategies between the world's oil majors have begun to diverge. Read More
U.S. Oil and Gas

Delta Drags Down Oil, But Lack of New Supply Keeps Prices From Crashing
Oil prices have sunk as concerns grow about the Delta variant. Read More
U.S. Oil and Gas

Will Shale Drillers Return to Old Ways?
While U.S. shale has recovered from a brutal 2020, it remains to be seen how long it will stick to its "capital discipline" mantra. Read More
Oil and the Economy

OPEC+ Could Jump Into Action as Oil Prices Rise
OPEC+ is considering an increase in oil production as the global market tightens and prices rise – with some predicting a return to $100 oil. Read More
U.S. Oil and Gas

Biden Suspends Leases in ANWR, But Supports Other Arctic Drilling
ANWR leases have been suspended by the Biden administration, but new production will move forward in the NPR-A. Read More