IHS Markit’s vice-chairman and winner of the Pulitzer Prize talks oil, natural gas, the energy transition, climate and his new book with Hart Energy.
Costa Azul LNG plant in Mexico had waited all year for an export permit from the Mexican government.
Oil firm Equinor expects global oil demand to peak by around 2027-2028, two-three years earlier than the company previously saw, as a result of the COVID-19 pandemic, it said on Nov. 17.
There are three additional variables which oil markets are not used to deal with in the fourth quarter: the current infections uptick in Europe, the U.S. presidential transition and announcements about new vaccines, all of them adding bearish or bullish pressure to prices over the next few months.
Saudi Aramco said on Nov. 16 it had hired banks for a multitranche U.S. dollar-denominated bond issuance, as the world’s largest oil company seeks cash amid lower oil prices.
An Iranian official said on Nov. 11 that Tehran exported up to 700,000 bbl/d of oil since March, but was later quoted by an Iranian news agency casting doubt on the figure which had been kept secret.
Even an effective COVID vaccine may not offer a route out of the mess the oil and gas industry finds itself in.