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Crude reality: Oil giants split on fossil fuels' future

From smh.com.au

On a blue-sky March day, one week after the World Health Organisation declared the pandemic, a nearly 300-metre-long tanker set sail from Chevron's Wheatstone project on the coast of Western Australia carrying a cargo of liquefied natural gas. The gas on board had been super-chilled: first to minus 130 degrees – the point at which it flashes over to a liquid – then even further to minus 162 degrees. Like almost all tankers leaving Australia loaded with liquefied gas, this vessel, the British Mentor, would usually have been bound for a port somewhere in North Asia – Japan, China, South Korea – where its contents would ... (full story)

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  • Category: Fundamental Analysis