Every OPEC member feels the pain of cheap crude – but don’t expect an oil deal any time soon.
Media pundits completely missed why oil bottomed last week: Saudi Aramco cut its prices to the Asian market.
In the wake of Brexit and new climate change initiatives, the perspective in the European energy sector is shifting.
In March 2015, Dr. Kent Moors said global energy infrastructure was in a state of crisis. Today he calls the situation a ticking time bomb.
Post-Brexit, the pound has fallen to 30-year lows.
And this dramatic decline has prompted a major change in the UK energy sector that will have dire consequences for British consumers..
The West may still hog oil finance, but the country driving demand for crude – and oil prices – lies elsewhere.
The next stage in the Brexit fallout is approaching, and it will center on energy finance and signal a major shift in focus.
In the wake of the Brexit, London’s position as the global energy capital is in question, and major moves are underway in the energy market.
Oil pundits have been hailing the emergence of an oil balance, and to be sure, one is quickly taking shape. The problem is that most of those now bandying about the term are still getting it wrong, despite being late to the party.
Saudi Arabia’s oil strategy appears to be working, but it may well kill OPEC in the process.