The Biden White House released a statement from National Security Advisor Jake Sullivan urging OPEC to increase oil production; Oil Change International experts responded.
OPEC
We have entered the “end game” for oil — with “permanent demand destruction”
As we have been repeatedly saying for months, we are witnessing the end of the oil age. Even once great giants are now crumbling at their core.
Experts React to Impending G20, OPEC+ Statement
In anticipation of yet another announcement released by the G20 and OPEC+ today, experts at Oil Change International have issued the following statements.
Response to OPEC+ Deal on COVID-19 Production Cuts
In response to the apparent deal struck today by major oil producers for deep output cuts to end the price war, and in anticipation of the G20 meetings tomorrow, experts at Oil Change International have issued the following statements.
Unthinkable becomes thinkable as US shale industry ponders production cuts
The unthinkable could soon be thinkable.
What role for OPEC in the last generation of oil?
Later this year, OPEC will mark its 60th birthday. Former OCI staff member Greg Muttitt has contributed a chapter to an important new book on OPEC’s history and future. In a guest blog based on his chapter, he argues we need to think about OPEC less simplistically, and suggests a role for OPEC in tackling … Read More
OPEC warns climate campaigners are “greatest threat to our industry going forward.”
OPEC concedes that climate campaigners are “perhaps the greatest threat to our industry going forward”.
US to “export more natural gas than it imports”
The oil industry is a market built on the old market fundamentals of supply and demand and the flux between the two will impact how much we pay for our oil or gas.
Saudi Arabia Pledges to Break “Dangerous Addiction to Oil”
If you read the news yesterday you would be forgiven for missing something momentous. When the definitive book about the oil age is finally written, yesterday will be marked as significant.
Oil Falls Again As Crunch Meeting Fails to Agree Deal
They came. They talked. They talked some more. They failed to reach a deal. And so the turmoil within the global oil industry continues.