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Javier BlasFortune |
If you believe the Chinese government, the country doesn’t import any oil from Iran. Zero. Not a barrel. Instead, it imports lots of Malaysian...
Recently, I asked the head of a state-owned oil company in the Middle East what price OPEC is aiming for. Laughing, he replied: $99.99 a barrel, and...
Even after a record $200 billion dealmaking frenzy last year, US oil and gas producers haven’t consolidated nearly enough. On a-per-barrel basis,...
Ever since Brexit, the City of London has been worried about its declining role in global finance. Those concerns were most conspicuously realized in...
The prize is called Stabroek — a series of oilfields off the coast of Guyana, the Latin American nation bordering Venezuela and Brazil. The...
In every sustained commodity price rally, there’s a moment when fundamentals — supply, demand, inventories — no longer matter. The cost of the...
Torbjörn Törnqvist, co-founder of Gunvor Group Ltd. and one of oil trading’s most senior executives, famously said about his industry:...
Every student of the commodity market soon learns the industry’s main axiom: “Low prices cure low prices, and high prices cure high prices.”...
The energy transition will eventually be a zero-sum game — for one energy source to win, another must lose. The obvious battle is between renewables...
Over the next few days, OPEC countries need to decide whether to extend their “voluntary” oil output cuts into the second quarter. The market...
The evening I learned the unspoken truth about the cocoa market I was in Yamoussoukro, the colossal capital city of Ivory Coast. “The problem with...
For the last decade, the Canadian oil industry has experienced firsthand the meaning of “with friends like these, who needs enemies.” To its south...
Big Oil has delivered a set of remarkable earnings. Without fanfare, ExxonMobil Corp., Chevron Corp. and Shell Plc all did in the fourth quarter what...
Picture the scene: Weeks after the world came together at the COP28 summit with a deal for “transitioning away from fossil fuels,” Saudi Arabia,...
President Joe Biden has promised to “hold all those responsible to account” after a series of weekend attacks against American troops in the...
When Europe last year agreed that by 2035 all cars sold in the region would be zero-emissions (read: electric), the most obvious question in my mind...
Chevron Corp. has a strong a sense of nostalgia about its home base of California. In an interview with Bloomberg Television last week, Chief...
Commodity traders live and breathe by a motto: My word is my bond. Trust is essential in an industry where a handshake still matters. And few things...
By appointing its former finance boss as its new chief executive officer, British oil giant BP Plc went for continuity — but it needs revolution....
The 2024 oil market is still in its infancy, but attention is already shifting to 2025. If the global economy is starting to abandon its oil...
Winter is over. If you’re reading these lines early Monday in Europe, you probably think I’m crazy. Yes, I’m aware it’s frigid in most of the...
The advertisement could read as follows: Landlocked country seeks a stretch of seacoast; payment for lease or purchase is negotiable, but cash is out...
After fueling the 20th century automobile culture that reshaped cities and defined modern travel, gasoline was supposed to begin its long goodbye this...
The three most dangerous words in the oil market are “OPEC is dead.” The oil cartel’s obituary has been written many, many times — and always...
Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often calling foes – Wall Street oil analysts and...
The COP28 climate talks in Dubai ended on Wednesday with a deal that’s being heralded as both "historic" and a "lost opportunity,” as both...
When activist investor Carl Icahn set his sights on Occidental Petroleum Corp. in 2019, he denounced the company’s acquisitions as “little more”...
Oil and gas companies “ought to be leading the charge” in the green energy transition, says US Climate Envoy John Kerry. Putting aside the...
Oil giant BP Plc has been searching for a new chief executive officer to replace Bernard Looney for almost three months. The wait, even if unnerving,...
The last time European petrochemical plants processed so little of their favorite feedstock, Sweden’s ABBA was the most popular band on the...
The last time commodity behemoth Glencore Plc tried to sell a stand-alone coal business to the public, its then chief executive officer claimed...
Draw a schematic diagram of the global economy, and one pictures a vast collection of cogs, gears, chains and pulleys — all labelled with national...
I instinctively fill up my car whenever war breaks out in the Middle East, yet it appears my better-safe-than-sorry anxiety is premature. Nearly a...
If you grew up watching the 1980s’ soap opera Dallas (like me), you would have been engrossed by the depictions of seemingly hard-driving...
For the second straight winter, Europe’s energy strategy is based largely on hopes for mild weather and reduced industrial demand, with gas prices...
Every M&A deal has two sides, with equally powerful motivations. In the oil industry, the incentive for ExxonMobil Corp. and Chevron Corp. — both of...
In late 2022, the US turned a blind eye on Iranian oil sanctions, allowing Tehran to quickly boost production and helping the White House contain...
Henry Kissinger called it “the economic equivalent of the Sputnik challenge.” Exactly 50 years ago today, the US found itself under economic...
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Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.
Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.