for Low Oil Prices
As peak demand becomes more obvious and decline sets in, the major producers of OPEC+ could see their incentives shift and potentially set off a scramble for market share.
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.
Oil prices have sunk as concerns grow about the Delta variant.
Exxon's board reshuffle has sent shockwaves through oil companies, as a new era of corporate scrutiny beckons.
ANWR leases have been suspended by the Biden administration, but new production will move forward in the NPR-A.
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.
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.