for Oil Demand
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.
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.
The turmoil at the OPEC+ meeting injects uncertainty into the market—and may presage the challenges ahead.
Exxon's board reshuffle has sent shockwaves through oil companies, as a new era of corporate scrutiny beckons.
The oil industry is booming. But as global financial markets change and the energy transition continues, it might be the industry's last.
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.