Three weeks ago, we noted that sanctions continued to tighten on Russia and asked whether China would come to Moscow’s rescue (no it wouldn’t we concluded). However, three weeks on from the initial question and it appears that OPEC+ has instead decided to come to Russia’s aid. That may not be too surprising – RussiaContinue reading “OPEC+ cuts output, Russian oil price cap proposals move forward”
Tag Archives: IEA
Big Oil and the Energy Transition: Out of their comfort zone?
The Energy Transition is upon us and one of the key challenges facing today’s oil and gas companies is: how do they address the fundamental changes that are needed in their business to adapt to, take part in and thrive in this radically new environment for energy companies? Governments and increasing numbers of shareholders areContinue reading “Big Oil and the Energy Transition: Out of their comfort zone?”
Oil demand weak into next year…at least
The collapse in global oil demand looks set to continue into 2021 according to the International Energy Agency’s latest analysis. They conclude that demand won’t rise above the 2019 level of 99.8 mbd before 2022 or even 2023 depending on the path the coronavirus takes. If there is a second wave – as many fearContinue reading “Oil demand weak into next year…at least”
Capex challenges for the oil and gas sector
Negative outlook for US domestic production and its energy strategyEarlier this week I realised that output levels, and the profitability of production at these depressed price levels, was an interesting topic to look into since current oil prices appear too low to enable most producing countries and companies to operate profitably. Capital expenditure features heavilyContinue reading “Capex challenges for the oil and gas sector”
Is Peak Oil now behind us?
In the last blog on energy a couple of weeks ago I highlighted two different views about Peak Oil out in the market: those who thought that the moment of Peak Oil (as in maximum oil demand rather than worries about maximum oil supply – which today seems a somewhat outdated concern) was now behindContinue reading “Is Peak Oil now behind us?”
A bad week for Big Oil – price collapse takes its toll…with worse to come?
The last week was quieter in the oil markets as far as prices were concerned and there was a steady drift upwards on the back of some economies partially reopening. It was, however, reporting week for the oil companies and their results showed just how badly each of them had been affected by the collapseContinue reading “A bad week for Big Oil – price collapse takes its toll…with worse to come?”
Global Energy Comment 