FROM THE OIL PATCH

How To Play The Oil Price Rebound In 2021

How To Play The Oil Price Rebound In 2021

The oil industry took a tumble in 2020, but the tides are beginning to turn. Oil prices are currently wading cautiously in the $50 range as a new wave of lockdowns has brought the Western world to another standstill. Despite this, however, demand for oil in Asia is returning to

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Can Renewables Become As Profitable As Oil And Gas?

Can Renewables Become As Profitable As Oil And Gas?

Here’s the question for oil industry investors. Can oil companies scale up clean energy enterprises to replace business lost from a decline in fossil fuel revenues? Some of the oil companies put up a brave front as they boast of their decarbonization plans. Others ignore the question. But at the

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Saudis Take Charge of Oil Market With Surprise Output Cut

Saudis Take Charge of Oil Market With Surprise Output Cut

Saudi Arabia surprised the market with a large cut in crude production, an assertion of primacy over the global oil industry that came directly from the kingdom’s de-facto ruler. The move papered over cracks in the OPEC+ coalition and was a U-turn from some recent Saudi oil-policy priorities, but those

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