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Cost inflation is here: the battle between margins and cost discipline intensifies
Global upstream cost inflation is intensifying. Coming into this year, we forecasted unit costs would rise 7-10%. We now forecast like-for-like cos...
Could a winter crisis boost oil demand?
The Ukraine war and Russia’s squeeze of gas supply to Europe have pushed European gas prices far above coal and oil on an energy equivalence basis....
CPC disruption adds Kazakh export risks to global oil supply concerns
Storm damage at the Caspian Pipeline Consortium (CPC)’s Black Sea terminal in Russia has taken at least half of the oil pipeline’s 1.6 million b/d ...
Crisis in Cushing?
Crude oil inventories at the important WTI pricing hub of Cushing Oklahoma are screaming toward operational minimums. In the month of October alrea...
Decarbonisation dominoes: carbon border adjustments could increase clarity
The European Union released the world’s first proposal for a carbon border adjustment in July. While the proposal governs EU trade, the biggest imp...
Decarbonising Asia: meeting the energy challenge
Asia Pacific is the largest consumer and importer of energy and commodities. Its demand for natural resources will continue to grow long term to su...
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