Last week the Big Oil companies weighed in with their earnings reports, and it was mostly a pretty sorry assembly.
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Fossil fuel producers and OPEC have rained on the IEA’s parade, offering wildly different projections for future energy demand.
ExxonMobil forecast that oil demand will remain above 100 million barrels per day in 2050, roughly the same as current levels.
There were plenty of business losers in 2024, but only one for whom the sky was literally falling. In short: Boeing had a bad year.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.