From Supermajors to Superminors: the fall of Big Oil
Shell is in trouble. BP is in trouble. So too is Exxon.
Blog
Read the latest insights and analysis from the experts at Oil Change International.
As BP’s profits plunge, analysts say we are entering the “end-game” for oil
You cannot underestimate that seismic shift going on as investors, often drunk on big oil profits, now just face uncertainty and loss. The oceans are awash with bobbing tankers full of oil, with no market to sell them. The industry is paralysed by the pandemic.
Trump’s Earth Day gift to Big Oil: We will buy your near worthless product
There is no doubt we are at a historical moment with the industry in deep structural and financial trouble and where a post-COVID-19 recovery could see a radical shift away from oil and into a just transition into renewables. But will that happen?
A resilient recovery means a managed decline of oil and gas production — here’s how we get there
This week the seemingly impossible happened: U.S. oil futures prices went negative for the first time in history. What happens next is up to us.
Big Oil bosses to meet Trump demanding further financial support and deregulation
Later today, U.S. President Donald Trump is set to meet with at least seven senior oil executives in person at the White House to discuss the historic plunge in the oil price.
Canadian crude selling for “roughly the same price as a Big Mac”
Warren Mabee, the director of the Institute for Energy and Environmental Policy at Queen’s University, said he "wouldn’t be surprised if Canadian crude prices briefly go negative - a scenario where producers are paying people to take away product.”
Putting clean energy stimulus at the heart of IEA analysis?
People all over the world are facing unprecedented crises from COVID-19. These tragic impacts will be the deepest in the world’s most vulnerable communities, regions and countries. IEA director Dr. Fatih Birol has urged governments worldwide to place clean energy at the heart of stimulus. Here Dr. Birol is right - but making this clean energy call count with real ambition is critical if the IEA wants to shake its reputation as a shill for the fossil fuel sector.
Unthinkable becomes thinkable as US shale industry ponders production cuts
The unthinkable could soon be thinkable.
The oil price in freefall once again shows the US economy is still “too reliant on oil”
What America needs is a comprehensive vision for energy security, one that goes beyond fossil fuel independence. This plan should entail sustained investment in alternative fuel sources and technologies… If the United States really wants to be energy independent, it must look toward preparing for a post-oil future.”
Black Friday: Black Planet
The disconnect between the need for action to reduce carbon emissions and the fossil fuel fantasy-land that Trump lives in, has never been greater.