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for Oil and Gas
IEA: Gas Demand is Growing. That’s a Climate Problem
Natural gas consumption is expected to bounce back after a tough 2020 – at a time when governments are looking to reduce their reliance on fossil fuels.
No-Deal From OPEC+. But Analysts Say Stalemate is “Unsustainable”
The turmoil at the OPEC+ meeting injects uncertainty into the market—and may presage the challenges ahead.
Rich Countries Subsidizing “Dash for Gas” in Developing World
Rich countries are using public financing to expand the construction of natural gas infrastructure in poorer countries around the world.
Biden Suspends Leases in ANWR, But Supports Other Arctic Drilling
ANWR leases have been suspended by the Biden administration, but new production will move forward in the NPR-A.
Oil Prices Hit Highest Level Since 2019 as OPEC+ Regains Control
As Brent crosses $70, oil market narratives have flipped to questions over supply rather than demand.
Shell Loses Court Case, Exxon Loses Board Fight in Stunning Rebuke For Big Oil
In a stunning blow to a company not used to losing, activist investors have claimed two seats on the board of ExxonMobil.
IEA Says No New Oil And Gas Projects Needed in Call for Phaseout
In a bombshell report, the International Energy Agency states that the world must stop new fossil fuel projects immediately to hit net-zero emissions by 2050.
California Becomes First to Try to Wind Down Oil Production
Although relatively modest in scope, California Governor Gavin Newsom's plan to phase out oil production in the state is groundbreaking in political significance.
Biden Takes No Action on Dakota Access. The Story is Not Over.
The administration declined to make a decision on the Dakota Access pipeline in an appearance in federal court on April 9, but the court could instead take action.
U.S. Shale Steps Up Drilling, But Production Rebound Uncertain
Drilling returns to the shale patch as oil prices rise, but it remains to be seen if this activity will result in production.
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