Tag Archives: Chatham House

It was little surprise that Saudi Arabia and the UAE eventually reached a compromise on OPEC production and baselines, despite the high drama at the latest OPEC ministerial. What was surprising, though, was the public nature of the disagreement and the willingness of UAE officials to joust so vigorously with …

The pushback from the UAE over historic supply cuts brought in to offset the fallout from the pandemic comes at a delicate moment for OPEC, threatening the brittle coalition and an already weakened oil market. The news of COVID-19 vaccines alongside the highest oil price since September has lifted sentiments …

The coronavirus pandemic has accelerated the oil industry’s move to invest in green energy. French power giant Total became the latest energy company to increase its commitment to renewables at the end of September – to the tune of $3 billion extra (an increase of 50 percent). BP announced back …