The U.S. oil market is reaching a crunch point. Each week drivers are traveling billions of miles on interstates, just as they did in 2019, before the pandemic ravaged global oil consumption. But despite a […]
By Ellen R. Wald, a non-resident senior fellow at the Atlantic Council’s Global Energy Center and president of Transversal Consulting, and Jonathan H. Ferziger, a Jerusalem-based nonresident senior fellow at the Atlantic Council and a former Middle […]
With many Western integrated oil companies starting to wind down their oil and gas investments and selling upstream assets as they pivot to cleaner energy, commodity traders have been tipped to pick up some of […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) In the June Short-Term Energy Outlook (STEO), we forecast that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases […]
Crude oil prices could rise to $200 per barrel as international oil companies curb their investments in new exploration and production, the Nigerian National Oil Corporation said this week. The effect of investment decisions being made now […]
Although oil may not be headed to a new supercycle, prices still have room to rise from current levels because of a strong demand rebound and expected tightness in supply, some of the world’s largest […]
While thousands of retail investors crowd the bitcoin space, many are missing out on some substantial gains from oil, investment celebrity Richard Bernstein has warned, as quoted by CNBC. “Bitcoin has been in a bear market, and […]
Saudi Arabia’s equities index extended a winning streak to five sessions Sunday, following another positive week for crude prices. The Tadawul All Share Index climbed 0.9%, with gauges in Bahrain, Oman, Kuwait, Qatar and Israel […]
OPEC+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to whether the group will add more supply later this year to keep pace […]
While the leaders of the world’s richest countries agree in theory on the need to reach net zero emissions by 2050 at the latest, they remain faithful to a fossil fuel industry reluctant to substantively […]
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