Sunday, September 6, 2026

Oil’s Big Reset: Energy Majors Learn to Thrive After Price Crash

From Bloomberg When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed. In reality, the giant oil majors suffered most — burdened by expensive mega-projects, Chevron Corp., BP Plc and the rest struggled to adapt to the fall in energy prices. Slowly, those companies figured out how to survive in the lower-for-longer price era. They

ICE Plans the Brent of Natural Gas

From Bloomberg Intercontinental Exchange Inc. says its Dutch natural gas market has the potential to become a world beater in energy trading. When the owner of the New York Stock Exchange bought an energy bourse in Amsterdam seven years ago, the Netherlands was just one of several regional markets dominated by the U.K. But roles reversed as the region increased imports and

Saudi Arabia to Extend Deep Oil Output Cuts Into April

From Bloomberg Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed production cuts into a second month, a Saudi official familiar with the policy said. The move is the latest sign Riyadh is determined to regain control of the oil market as prices remain well below the level that many OPEC members need to

OPEC to Be Squeezed by U.S. Shale Until Mid-2020s, IEA Says

From Bloomberg OPEC’s loss of market power to what was once its biggest customer will continue until the middle of the next decade as U.S. shale oil thrives. By 2024, the Organization of Petroleum Exporting Countries’ capacity to pump crude will actually shrink because of declines in Iran and Venezuela, according to the International Energy Agency. As rivals grow, the