The drone strike on Saudi oil facilities proves that the global oil supply chain is vulnerable to attack. Markets must start to price a bigger risk premium into oil.
We're on the cusp of a revolution in the energy industry. It's one that could redraw the energy map of the world, give humanity the ability to tap essentially unlimited power sources, and – if you make the right investments – make a fortune for investors.
In short, we're living through a change in the way the world produces and consumes energy. It is a transition that's well under way. And it's being driven by the convergence of several key technological trends that are showing no sign of abating.
While you wouldn't be alone in thinking that solar power was further away than ever, you could be wrong. Solar is on the brink of becoming the world's dominant energy source.
This week brought talk of a Saudi effort to raise the oil price as Crown Prince Mohammed bin Salman replaced energy minister Khalid al-Falih with Prince Abdulaziz bin Salman.
The delay in listing Aramco, Saudi Arabia’s state-owned oil company, has led to the sacking of the country’s energy minister. John Stepek explains why that’s important for the global economy and for your money.
More than a million households and businesses were left in the dark and commuters stranded when the lights went out earlier this month. What happened? Simon Wilson reports.
The oil price is now firmly in a bear market. But saying where it goes next is tricky, says John Stepek. There are good arguments for a big move in either direction.
ADVERTISEMENT FEATURE Wind and solar are now the cheapest ways to generate electricity in many countries. This should translate into even higher demand for renewables, says Mike Appleby of Liontrust.
The oil price has been trending down for months, now. Technically, it’s in a bear market. But whatever the short-term trend, everybody should have some in their portfolio, says Dominic Frisby. Here, he picks the best way to invest.
With around a fifth of the world’s oil travelling through Strait of Hormuz, the most recent incident there has raised new concerns about global oil supplies.