for Oil Production
The oil industry is booming. But as global financial markets change and the energy transition continues, it might be the industry's last.
ANWR leases have been suspended by the Biden administration, but new production will move forward in the NPR-A.
As Brent crosses $70, oil market narratives have flipped to questions over supply rather than demand.
In a bombshell report, the International Energy Agency states that the world must stop new fossil fuel projects immediately to hit net-zero emissions by 2050.
The recovery seen in the Permian has not yet extended to the Bakken, as it struggles with higher costs and stagnant production.
Although relatively modest in scope, California Governor Gavin Newsom's plan to phase out oil production in the state is groundbreaking in political significance.
Drilling returns to the shale patch as oil prices rise, but it remains to be seen if this activity will result in production.
Oil-producing countries face severe financial and political risk as the world transitions away from oil.
As oil prices rise, the shale industry assures investors it has learned its lessons.
As oil prices jump to 13-month highs, OPEC+ has opportunity to unwind its deep production cuts.