Russia ready to open the OPEC+ taps as the U.S. dials back its Arctic drilling plans
In this episode, World Oil editors discuss The North Face doubling down on its principled stand against well-paying American jobs, Russia wants to see OPEC+ production rise in February, and U.S. land regulators shrink Alaskan oil lease acreage.
20 Dec 2020
Biden prepares to tackle fossil fuels in the U.S. and abroad
Joe Biden's cabinet picks, and his interest in working with China to stage elections in Venezuela, will make 2021 a transformative year for fossil fuels. Wall street is already looking at ex-U.S. energy producers take up the mantle of growth from domestic shale plays, and an increasing drilling rig count suggests operators are trying to get ahead of potential new rules.
13 Dec 2020
As the world focuses on climate change targets, the Middle East doubles down on oil (with U.S. producers' help)
With the Paris Agreement's decarbonization plans suddenly not ambitious enough for the West, key Middle East producers see an opportunity, and are putting serious money down to cover their bet. In this episode, World Oil editors take a look at how ambitious renewable energy programs will depend on oil and gas technology to come to fruition, review the money moves Saudi Arabia, the UAE and Oman are making to fill the void they see Western producers leaving in the global oil market, regulatory shenanigans in Texas, and a still-climbing rig count that looks to exceed even the most optimistic recent projections.
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