Massive Oil Product Build Sends Prices Lower
A day after the API’s crude oil inventory report pressured prices, the EIA relieved some of the pressure by reporting an inventory draw of 2.5 million barrels for the week Continue Reading
What’s Next For Oil? No One Seems To Agree
Although oil production in the Permian Basin shows all signs of slowing down in the new year , the West Texas shale revolution is not over yet. In fact, shale Continue Reading
Improved economic outlook in 2020 bodes well for oil demand, supply growth: OPEC
A rise in oil demand growth this year will be offset by a sharper increase in non-OPEC supply, the producer group said in its monthly oil market report published Wednesday. Continue Reading
Global oil demand hits 1.26MBD
Global oil demand growth is accelerating to 1.26 million barrels per day (MMB/D) in 2020, up from 0.95 MMB/D growth in 2019, with growth expected in all regions except Western Continue Reading
IEA sees well supplied oil market despite slower US supply growth
The oil market is likely to stay well supplied in the near term with oil stocks growing in the first half of 2020 despite deeper production cuts from the OPEC Continue Reading
The Future of the Oil Company
When it comes to the future sustainability (excuse the pun) of oil companies, there are two trains of thought, one of which is that they should ‘stick to their knitting’ Continue Reading
The costs of a declining population
In 1937, John Maynard Keynes gave a lecture on “Some Economic Consequences of a Declining Population”. Many at the time felt the world was overpopulated and fewer people could only Continue Reading
Leaders fear for planet as they pack for ‘green’ Davos
Climate change and environmental destruction top the risks highlighted by world decision-makers in a survey ahead of the 2020 gathering of the global elite in the Swiss ski resort of Continue Reading
2019 was second-hottest year ever, more extreme weather ahead: WMO
Last year was the Earth’s second-hottest since records began, and the world should brace itself for more extreme weather events like the bushfires ravaging much of Australia, the World Meteorological Continue Reading
World’s business leaders call climate change the biggest risk of the 2020s: WEF report
The world’s business leaders and politicians are sounding the alarm on climate change, citing environmental-related issues as their most significant concerns in the coming decade that could wreak costly economic Continue Reading