With the coronavirus outbreak already taking its toll on oil prices, Saudi Arabia moved to cut prices even more after Russia refused to join an OPEC deal last week. The Russian economy will take a hit, but in this price war, Moscow may not be the first to surrender.
Economic projections find that if current conditions hold, the Gulf region's wealthy monarchies will begin to face a financial reckoning within the decade.
A glut of oil in the market means prices are likely to remain low throughout 2019. That's likely to bring contrasting fortunes to major oil producers around the globe.
The U.S. shift to shale has boosted its oil production significantly, yet there hasn't been the same uptick for natural gas. That is about to change with liquefied natural gas.
Environmental concerns and long-term uncertainties surrounding fossil fuels are driving a business case for green energy.
After many starts and stops, Brazil is planning to revive its nuclear power program -- a choice that could open the way to the eventual development of atomic weapons.
The country is capitalizing on its solar power expertise to try to increase its influence abroad through the International Solar Alliance. But translating renewable energy into soft power will be no easy feat for New Delhi.
Traditional uses for copper, such as in electricity transmission and construction materials, will still dominate, even as electric vehicle use bumps up demand for the metal. This reality puts its suppliers in a complicated position.
Wood Mackenzie's forecast suggests the global transition away from fossil fuels may be progressing more rapidly than expected thanks to improving fuel efficiency and alternative vehicles.
China is bullish about ensuring control over the entire supply chain for lithium-ion batteries for years to come –- and even major shifts in technology might not dislodge Beijing from its pride of place.
