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Globally, China is the leader in renewable energy capacity installations, but it is also a leader in coal-fired power and continues to be the key driver of record-high global coal demand
The outlook may be uncertain, but the current trend is definitely one of drawing down oil stocks—a sign of increased oil demand while OPEC+ continues to restrict output
The U.S. shale sector might be down but is by no means about to go out. Shale companies know it, and have been busy consolidating their operations so as to be better primed for the oil price recovery
Despite plans to transform its economy from over-reliance on crude oil and despite gradually losing its dominant position as the single biggest oil price mover, Saudi Arabia is not willing to give up its geopolitical and market power
"Until the industry as a whole improves, producing both sustained profits and consistently positive cash flows, careful investors would be wise to view fracking companies as speculative investments"
With two months to go on Iran sanctions, exports are falling fast. U.S. crude inventories are at their lowest point in years, and Saudi Arabia is going to be forced to burn through much of its spare capacity
Considering the intensity of efforts by the U.S. to cut off as much Iranian oil exports as possible, it is unlikely that even Iran's significant discounts to Asian customers will save the country's oil exports