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 energy sector is in the midst of historic transformation, including rapid technological progress and declining clean energy costs, growing urgency to address climate change – with the impacts of climate change increasingly evident, rising headwinds for the oil and gas sector, the short- and long-term impacts of the Covid-19 pandemic, and growing ambition to address climate change with more countries, financial institutions, and corporations announcing long-term net zero emissions targets. That even includes some oil and gas companies, and among those announcing the most ambitious long term goals has been BP.
In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Spencer Dale, BP’s group chief economist, to discuss the outlook for the energy sector, the impact of the pandemic on it, BP’s corporate strategy shift, and more. Spencer is responsible for the annual BP Energy Outlook, which tries to make sense of where the energy sector is in the midst of the pandemic, and where it might be headed in different scenarios.
Prior to this role, Spencer served as executive director for financial stability at the Bank of England and was a member of its Financial Policy Committee. Between 2008 and 2014, Spencer was chief economist of the Bank of England and a member of the Monetary Policy Committee.
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.