Oil stocks have suffered a lot over the past half decade. First it was the 2014 oil price crash. Just as the oil industry emerged from the collapse, the energy transition and peak oil demand themes started to weigh on the shares of Big Oil and other energy companies. Then came the growing calls from investors and shareholders that the oil industry take responsibility for greenhouse gas emissions, further depressing oil stocks and making the sector as unpopular as Big Tobacco once was. Then came the oil price crash of 2020 , as Saudi Arabia and Russia abruptly ended on Friday their three-year-long partnership in trying to fix oil prices, or as they said, ‘bring stability back to the market.’ An all-out oil price war is on again, and oil stocks are set for worse pain ahead. First, shares in oil firms typically follow the oil price movements. Even […]