The Biden White House released a statement from National Security Advisor Jake Sullivan urging OPEC to increase oil production; Oil Change International experts responded.
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.
In anticipation of yet another announcement released by the G20 and OPEC+ today, experts at Oil Change International have issued the following statements.
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.
The unthinkable could soon be thinkable.
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 concedes that climate campaigners are “perhaps the greatest threat to our industry going forward”.
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.
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.
They came. They talked. They talked some more. They failed to reach a deal. And so the turmoil within the global oil industry continues.