Commentary – Some Verses of Advice on Oil Price

Commentary – Some Verses of Advice on Oil Price

© Makaule | Dreamstime.com - Oil Prices In The Market Photo

Source: www.Dreamstime.com © Makaule

I have never heard an oil executive recite poetry in a board meeting. But that’s not to say it hasn’t happened. Nor does it suggest that wise words can’t come from literature. Read more

Commentary – The Seesaw Recovery

Commentary – The Seesaw Recovery

Source: www.Dreamstime.com © Yakobchuk

Source: www.Dreamstime.com © Yakobchuk

What will the oil price recovery look like? It’s a topic being hotly debated across the oil capitals of the world; from Dubai to Aberdeen, from Houston to Calgary; in the coffee shops and around family dinner tables, all the way to the boardrooms. Read more

Commentary – The Oilmageddon of 2015

Commentary – The Oilmageddon of 2015

The Oilmageddon of 2015

Photo: Peter Tertzakian

Canadian oil and gas industry associations have delivered their outlooks for the coming year. Their forecasts are pretty grim. Job losses in the thousands, private and public sector budget cuts, drilling rigs banging against each other trying to find a parking spot. Realistically, the publicly published numbers are optimistic. Read more

Commentary – The Art of Winning an Oil Price War

Commentary – The Art of Winning an Oil Price War

Source: www.Dreamstime.com © Aremac

Source: www.Dreamstime.com © Aremac

The price war rages on. Barrels of oil, lobbed into the world’s well-supplied market, are now worth less than $50 a piece.

Producer factions are reporting their casualties. Multi-billion-dollar budget cuts. Multi-thousand employee layoffs. Hundreds of rig releases. Major project delays. And it’s only just begun. There is no mercy below $50. Read more