The oil market ‘is lying to us’ oil execs say
Oil prices held above $100 a barrel on Thursday as peace talks between the US and Iran collapsed before a second round could take place.
The past decade has been a turbulent one for the London-based oil and gas major BP, from the serious Deepwater Horizon accident that brought the company to the brink, to navigating its troubled relations with Russia and the oil price collapse of 2014, to charting a path forward – now toward a lower-carbon world to address the challenge of climate change.
In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by BP’s chief executive, Bob Dudley, who has been at the helm of BP for the past decade, and is the first American to head the company. He started his career in the oil and gas industry forty years ago with Amoco Corporation as a chemical engineer. Amoco was then acquired by BP, and Bob took on a number of roles, including working for Lord John Browne, managing BP’s alternative energy business around the time that its Beyond Petroleum Initiative was launched, heading the unique Russian joint oil venture called TNK-BP, and leading American and Asian activities.
Bob is credited for stabilizing, and indeed saving, the company at a pivotal time. Nearly a decade on, BP has emerged as a much stronger company, trying to navigate a rapidly-changing energy landscape, and deal with new pressures, including diversifying into clean energies and figuring out how an oil and gas company responds to climate change.
Bob Dudley steps down as CEO next week, and Jason sat down with him at BP’s London Headquarters to reflect back on his career, and to look ahead on where the company, and the energy industry, may be going.
The global order that shaped the past several decades is giving way to a more fragmented and uncertain world. Long-standing alliances are under strain, economic integration is giving...
It’s been a head-spinning day in the Iran war. Earlier today, following a temporary truce between Lebanon and Israel, Iran announced that the Strait of Hormuz would be...
With an April 21 deadline looming, the Middle East remains suspended in a volatile state of war and peace. Regional mediators are scrambling to broker a second round...
Energy abundance means different things in today’s global context than it did even a decade ago. It is about expanding electricity access while meeting rising energy demand. It...
Europe is entering the 2026 gas injection season with its lowest level of gas in storage since 2018.
In March 2012, Israeli Prime Minister Benjamin Netanyahu arrived in Washington to press a US president on slowing Iran’s nuclear ambitions. Inside the White House, the dilemma was stark.
On February 28, the US and Israel launched new attacks on Iran targeting primarily the country's leadership, security forces, and missile program.