for Oil Dependence
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.
The turmoil at the OPEC+ meeting injects uncertainty into the market—and may presage the challenges ahead.
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.
Petrostates remain ill-prepared for the global energy transition, and could see a budgetary gap of $9 trillion over the next two decades.
Iranian and Venezuelan hopes of a swift loosening of sanctions under the Biden administration are fading fast.
Likely Republican control of the Senate means President-elect Joe Biden's first policy actions will come from the President's pen, rather than Congressional legislation.
Low oil prices and high-profile deals point to a shift toward consolidation in the U.S. oil industry.
The Dakota Access pipeline shutdown could remove 570,000 barrels per day of takeaway capacity from the Bakken shale formation.
A growing number of analysts argue that the worst is over for oil, but demand remains substantially lower.