BP believes evolving policy, technological advances and COVID-19 mean peak oil demand will be reached in the 2020s—or has already happened.
If BP sticks to its net-zero commitments, it could offer a model for other international oil companies to follow.
As Coronavirus reignites the global oil demand debate, near-term problems have brought back concerns about the long-term viability of oil and gas.
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.