oil prices

Although energy efficiency has long been mentioned as a means toward achieving Paris Agreement goals, the “more exciting” announcements about carbon capture and storage grabbed attention. Will concerns about energy security and high prices help bring it to the forefront?

The big oil producers are balancing the chasing of more production with delivering dividends to shareholders. So far, the scale is tipping in favor of shareholders. But it’s not that cut and dried. Simplifying the complexity of the global market shines, at best, a narrow beam on some of the factors affecting production.

With global crude prices trading steadily above $100/bbl since March, the world's largest oil company is now the largest company, period.

Employment is not a direct function of oil prices, but of upstream and midstream investment and activity. Fluctuations in SPE membership generally lag the activity increase or decrease by 1–2 years. It is expected that the current upcycle of activity will contribute to a rebound in membership, especially among the young professionals.

The surge in oil and gas prices has reminded Europeans that they still need hydrocarbons and reminds them why they want to replace them.

Drillers are feeling good about higher oil prices, but only to a point.

The alliance ratified another modest daily production increase of 400,000 barrels.

The chief of the world's largest oil company issued a reality check on how the energy transition is doing and called for a more practical strategy going forward.

Oil-consuming nations announced a big push to drive down oil prices. Next week, it’s OPEC’s turn to respond to that move.

Even though the market seemingly expected a 400,000 B/D increase from the oil exporting group, crude prices took a bit of a tumble.