The big beasts of the global oil industry will gather today at one of the most important events in their calendar – the IHS CERAWeek conference in Houston, which is often dubbed the Davos of the energy industry.
OPEC
Saudi Sell-off: A Step in the Wrong Direction
Why part-privatizing state oil company Aramco is a bad idea for the Saudi economy and for the global climate
Oil Industry’s “Death Dance” Continues
It is not a Happy New Year for Big Oil, as the industry faces another daunting year of low oil prices, which could have a catastrophic impact on the US shale industry, amongst others.
OPEC: “All eyes are on how quickly US production falls”
The oil cartel, OPEC, has confirmed what has been obvious to many for months: US shale production is in deep, deep trouble as the fracking boom bursts in the face of low oil prices.
US Shale Boom “Goes Bust”
The global oil price rose slightly this morning on the back of the news from the US government that US shale oil output is expected to fall for the first time in four years.
Solidarity or self-interest: Ecuador and oil in the age of climate change
Resource sovereignty, OPEC and climate change: implications for Ecuador in the struggle to protect biodiversity and indigenous rights in Yasuni National Park
Banks “Circling” Tar Sands Debt
The message from the markets for the North American oil industry is summed up in four simple words by the Financial Times today: “No respite for oil.”
Analysts Warn of $200 / Barrel
Last week, President Obama lauded the fact that America was poised to become the number one energy producer in the world this year.
OPEC’s “Fictional” Comfort Blanket
Many people are now getting jittery about Saudi Arabia. Protesters in the Kingdom have called for a “day of rage” his Friday to show their dissatisfaction with King Abdullah’s regime. Meanwhile the King has tried to head off serious unrest in the country by pledging to boost spending on housing, social welfare and education. And … Read More
“An oilquake that shakes our world to its core”
The press reports this morning that members of Opec have joined Saudi Arabia in boosting oil output to make up the fall in output from Libya. The countries concerned – Kuwait, UAE and Nigeria – have all promised to boost production. In many ways you could argue that OPEC’s gamble is trying to delay the … Read More