Big Oil Prepares To Suffer In 2020
When Rystad Energy analysts last November told Bloomberg that Big Oil investors were in for a windfall of dividends and share buybacks as the companies shifted into renewables, they couldn’t Continue Reading
Junk Status? Oil Nations Face Serious Credit Downgrades
Ratings Agency Fitch warned on Tuesday that a new wave of sovereign rating downgrades could be in the works if the oil slump continues, according to Reuters . In additional, Continue Reading
What the Oil Price Crash Means for the Climate
For those awaiting more aggressive action on climate change, it may look like a breaking point has finally arrived. A sudden collapse in fossil-fuel markets akin to the 2008 financial crisis has Continue Reading
Storms wreak havoc on land. We’re only beginning to understand what they do underwater.
You’ve likely heard about broad trends that scientists are certain will occur as a result of climate change: Plants and animals will be pushed out of their native habitats. Ice Continue Reading
Saudi Arabia Books Supertankers To Flood U.S. Markets With Oil
Saudi Arabia’s state-run shipping company has hired multiple very large crude carriers to carry all the extra oil it plans on exporting next month—a rare move indeed for the shipping Continue Reading
Saudi Aramco says it will increase oil production capacity
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s oil company Aramco said Wednesday it will increase production capacity to 13 million barrels per day, up from 12 million per day, Continue Reading
Saudi Arabia to Boost Oil Output Even Further
Saudi Arabia fired another salvo in its oil-market war with Russia on Wednesday, unveiling plans to boost its oil-production capacity to a record 13 million barrels a day. The capacity Continue Reading
Behind the Russia-Saudi Breakup, Calculations and Miscalculations
It was always a marriage of convenience, whatever the pledges of devotion, but when Russia and Saudi Arabia parted ways late last week after a dispute over oil production, it Continue Reading
U.S. Sanctions Have Crippled Iranian Oil Production
The U.S. sanctions on Iran’s oil sector are impacting the Islamic Republic’s ability to potentially increase production in the long term if the U.S.-Iran tensions subside and sanctions ease. Iran Continue Reading
Exclusive: U.S. sanctions have idled a quarter of Iranian oil rigs
At least a quarter of Iran’s oil rigs are out of action as U.S. sanctions strangle the Islamic Republic’s vital oil industry, according to a Reuters review of financial documents Continue Reading