Climate change challenges and the rise of renewable energy sources are increasing the social and environmental pressure on oil companies to re-position themselves in the societies in which they operate. They have been doing this in a variety of different ways.

Firstly, some oil companies have continued with business as usual and are strengthening their current strategies of oil extraction to maximise profits. Secondly, other oil companies have switched to low carbon sources, such as natural gas, blue hydrogen and biofuels.

International Oil Companies and the Energy Transition | Devamı>>>

The taking of impairments to oil and gas assets can become a point of controversy in the oil and gas business, often because they are the result of a complex decisions and judgments made by each individual company about current and future market conditions.

As a result of that complexity and the fact that the process is little understood outside of the industry and federal regulators that govern it, media reporting about it can often become sensationalistic and misleading.

ExxonMobil Warns Of Possible $30 Billion Asset Impairment | Devamı>>>

The overarching challenge of COVID-19 is expected to impair the growth rates in almost all economies over the medium-term. The average OECD growth rate will stand at 0.7% p.a. in the period from 2019 to 2025, compared to the pre-COVID-19 projected growth level of 2.1%p.a.

For non-OECD countries, GDP is expected to grow by 3.4% p.a. on average during the same period, which is more than 1 percentage point lower compared to past projections.

2020 World Oil Outlook 2045 | Devamı>>>

The widening rift between the world’s two largest economies – the United States and China – has had analysts and market observers using the phrase ‘Cold War’ to describe how far the two global superpowers could go in their increasingly heated dispute. A new Iron Curtain could mean attempts to decouple the intertwined economic and trade relations between the biggest economies in the world, market analyst John Kemp argues.

Such decoupling, however, will take decades and may not be even possible, considering the intertwined global supply chains, including in the energy markets.

Could Rising US-China Tensions Change Global Energy Markets? | Devamı>>>

When a financial crisis begins to unfold, it’s hard to assess the impact until well after the fact. The dot-com crash that started in 2000 and the subprime mortgage crisis that started in 2007 played out over several years. The S&P 500 recorded three consecutive double-digit losses from 2000 through 2002. Then after a weak 2007, the index dropped nearly 40% in 2008.

During these events, you just didn’t know on a day-to-day basis how bad things would turn out.

Coronavirus is Poised to Disrupt Solar and Battery Storage Sectors | Devamı>>>