In line with President Joe Biden’s campaign promises, the U.S. Department of the Interior last week under his new administration suspended approvals of new oil and gas drilling permits and leases across domestic federal lands for 60 days. … READ MORE >
energy
CHART OF THE DAY: OPEC’s response to a drop in demand
The demand for gasoline dropped like a stone as Americans remained in their homes during the pandemic, and that drop in demand left OPEC in a quandary. … READ MORE >
Oil prices show unprecedented volatility in 2020, and a path to recovery remains uncertain
The unprecedented imbalance the oil market has experienced for much of 2020 has garnered extraordinary responses from both oil producers and policymakers. Oil and gas companies have been forced to reposition themselves during the downturn in order to prepare for a comeback. … READ MORE >