The Covid-19 crisis has not diminished the momentum of ambitious climate and energy targets and policies; if anything, this pursuit continues to grow as more governments are determined to “build back better…
Oil prices have come a long way since reaching their lows of April 2020. The rebound has been rapid and impressive; prices are currently similar to those of early 2020, before the outbreak of the Covid-19 pandemic…
Oil consumption, GDP growth, trend of oil intensity – these are not words which sound like the beginning of a good story. And yet, strange things happen sometimes, as you are about to see, and they may happen anywhere: even in energy economics.
In March 2021, a new crude futures contract was launched in Abu Dhabi: Murban futures, traded on the Intercontinental Exchange (ICE)…
Soon after assuming office, United States President Joe Biden signed executive orders and made announcements that led environmentalists to declare that the oil and gas industry would soon be dead and buried…
Today, many believe that COVID-19 has pressed the green accelerator at the expense of conventional fuels which face a heightened risk of an imminent decline…
As we all know, Texas has just suffered the worst weather-related power, and then water, outages on record. The blame game set in instantaneously…
When people think of Saudi Arabia, they often think of oil. After all, it is the world’s largest exporter of the resource, and its economy is heavily dependent on oil revenue…
In the battle to curb global climate change good intentions are everywhere. A major new U.N. Climate Change Conference is coming up (COP 26 in Glasgow this autumn, chaired by the U.K. and Italy), and U.S. President Joe Biden has vowed to bring the United States back into the Paris accord…
Following the blow dealt to the world by the coronavirus in 2020, one cannot help but hope that 2021 will be better…
We are all tired of being told how dreadful the virus-riven 2020 turned out to be, and it certainly ended for Britain fairly uncomfortably, with Christmas virtually abolished, ports jammed, and British air-travellers barred form fifty countries…
Oil markets remain impressively stable despite enormous uncertainty around how the Covid-19 pandemic will develop and how fast the global economy (and therefore oil demand) will recover…
In November, new vaccines showed great promise in fighting Covid-19, and the exhilaration was clear in markets around the world. However, the enthusiasm was not sustained…
“A crisis like no other.” This is how the International Monetary Fund (IMF) described the COVID-19 crisis, which hit the world economy like a tsunami, imposing unparalleled financial pain
Oil markets remain impressively stable despite enormous uncertainty around how the Covid-19 pandemic will develop and how fast the global economy (and therefore oil demand) will recover…
In this installment, Dr Carole Nakhle, CEO of Crystol Energy, and Dr Theophilus Acheampong, Senior Consultant at Crystol Energy, analyze whether oil and gas…
Having stalled through June and July, the recovery of the global oil market seemed to reboot in August. The OPEC+ producer alliance stuck to its schedule and relaxed its cuts by 2 million barrels per day…
Nigeria has long been battling structural problems, particularly in its economy and oil sector. The Covid-19 pandemic and subsequent economic shocks only magnified them.