As the oil industry struggles, are national leaders waiting until it's too late to intervene?
As major service companies present their Q2 earnings results, they are offering what is perhaps the industry's leas-politically-biased assessments of future oil and gas demand - and it contradicts how OPEC+ and the IEA want to lead the market in the coming quarters.
In Canada, the industry's hardest-working trade association puts Ottawa's Seamus O'Regan on the spot, seeking tax incentives modeled after Norway's system. Based on Equinor's Q2 results, it's a model well worth following.
In a 180-degree shift from just a few months ago, Texas Railroad Commission Chairman Wayne Christian wants to take a stand against Saudi and Russian dumping of oil on U.S. markets, with what is a textbook argument for tariffs.
