Tag Archives: Forbes

As uncertainty over global crude oil demand continues to hang over the market, even one of its most bullish forecasters – the Organization of Petroleum Exporting (OPEC) – has now lowered its demand growth forecasts for both 2024 and 2025. For nearly a year, both it and the think-tank International …

Artificial intelligence is the latest buzz—geeky stuff that can improve energy efficiency, productivity, and outcomes. But it is a fledgling concept, making room for errors. And that’s why the smart move is to test a problem and simulate solutions, sharing the best outcomes industrywide. Artificial intelligence — or AI for …

Dissident shareholders of ExxonMobil have won two seats on the company’s board of directors. The election “will likely force it to alter its fossil-fuel focused strategy and more directly confront growing shareholder concerns about climate change,” according to The Wall Street Journal. Fossil fuels are probably on the decline long-term, …

These are unprecedented times for the oil and natural gas industry as it navigates pandemic-driven demand destruction, investor calls to adapt to a carbon-constrained world, and new regulatory threats from the Biden administration. The dreadful outlook for oil and gas producers is why more consolidations are likely in the months …

Global electric vehicle sales grew by 43% during 2020, and in some markets such as Norway or the Netherlands sales outnumber petrol and diesel cars. In Europe overall, electric sales during 2020 exceeded half a million units, while in the United States, the new Biden administration is considering incentives to …

2020 obviously will be the Year of the Pandemic. However, when it comes to energy, 2020 will also be known as the Year of the Great Disconnect. Thanks to the COVID-19 Pandemic, never have fossil fuels been more important for human health, yet never have they been more disparaged and …

Over the past month the oil industry — which some had declared dead after the crushing losses earlier in the year — has gone on an impressive rally. ExxonMobil shares are up 27% in one month. Chevron has risen 37%. Royal Dutch Shell shares are up 60%. ConocoPhillips is up …

The members of the Organization of Petroleum Exporting Countries (OPEC) and their non-OPEC allies, have set the stage for a dramatic meeting at the end of November as bears look firmly in control of oil markets. The expanded OPEC-plus alliance, which is dominated by Saudi Arabia and Russia, could have …

In January 2017, Rex Tillerson left to join the Trump administration as Secretary of State (and was permitted to sell more than $50 million in directly held Exxon stock tax free). His replacement, CEO Darren Woods — now nearly four years into the job — has presided over a 50% …

In his Democrat Party nomination acceptance speech last night, Vice President Joe Biden indicated that he could solve the problem of climate change. And he said he could do it all with the money the government would get by changing the tax code. In two sentences and just 75 words …