New oils are emerging in the United States and worldwide. The degree to which global oils differ from one another is increasing, from carbon-laden oils that resist flow to ultra-light petroleum liquids trapped in tight shale oil. Developing these unconventional oils requires a clear departure from business-as-usual practices. The Carnegie Oil Initiative provides expert analysis, strategic guidance, and policy frameworks to manage new oil assets while protecting the climate.
Carnegie’s work to understand emerging new oils has been ongoing since our seminal publication, Understanding Unconventional Oil, in 2012. All publications from this project are archived here.
OPEC is being challenged on many fronts. In order to survive, the organization may need to innovate, regroup, restructure, and renew its mission.
Recent upheavals in the oil market, most notably the growth in North American unconventional oil and the evolving response of OPEC, are prompting a reappraisal of conventional wisdom across a number of areas.
As the United States assumes the role of a major energy producer and partial exporter, key thinkers in the U.S. and the EU are looking to modernize the transatlantic partnership as a foundation for greater collaboration on twenty-first century energy and security challenges.
The oil price is back to ‘normal.’ But for the major Middle East and North Africa region oil exporters, it is not going to be business as usual.
The oil price is the most obvious trigger of change in the relationship between host governments and investors.
China continues to view Venezuela as a key source of oil, but Beijing has also been strengthening its private and public energy partnerships with other Latin American countries.