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Goldman Sachs expects Brent to reach $100 a barrel in the third quarter of 2022
Benchmarks have climbed in recent weeks, leading some to predict that crude could top $100 in 2022
Cartel has gradually increased production to replace output cut at start of pandemic
A faster than expected pick-up in demand this year looks unlikely to be repeated in 2022
Delivery of another 400,000 b/d is ‘win for the White House’ fighting petrol price rise
Plus, crude volatility is back and renewable investments need more juice
Plus, analysts’ predictions for this week’s Opec+ decision
Cartel and allies reject US call to help tame rising oil prices
Plus, the debate about who should be paying for global decarbonisation
Costs at the pump have risen 40 per cent since Biden came to power, fuelling inflation anxiety
Plus, how emerging markets are especially hard hit by fuel price surges and one sign oil and gas companies have their eye on climate
Group’s decision threatens to raise tensions with White House over concerns rising prices could derail economic recovery
Scott Sheffield says ‘it’s really under Opec control’ after crude reaches $80 a barrel
The cartel is expected to add another 400,000 barrels of supply from next week
Group to boost output by 400,000 b/d a month until late 2022 despite US calls for larger increase
Plus, Delta variant brings uncertainty to Opec and oil and gas companies clamour to announce ESG policies
Plus: what the latest shale patch merger tells us, and renewable adds lag coal declines
Biden administration says higher prices at pump threaten global recovery
Opec and its allies will add 400,000 barrels a day starting in August
Agreement to add 400,000 barrels a day from August and new baselines awarded to some members
Agreement could unlock accord to raise production but discussions are continuing
Differences are emerging over how to handle the peak in demand
Oil group’s disagreement ‘not in the interest of either producers or consumers’
Cartel to face rising tensions as peak in demand for oil approaches
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