Gone are the days when oil gurus agreed “$100 is the new $20”, or intoned that “the age of easy oil is over.” But it is not just prices that entered a prolonged decline, so too did OPEC’s image as market-shaping institution. Since then OPEC has seemed in terminal decline. But, argues Antoine Halff in the Financial Times, it is too early to announce OPEC’s death.
Methane emissions are second only to carbon dioxide emissions as a driver of human-induced climate change.
A price cap on Russian crude oil in response to the country’s invasion and ongoing...
Backfire: How Sanctions Reshape the World Against U.S. Interests By Agathe Demarais, global forecasting director...