Paul Wallace

Stay informed with Paul Wallace’s coverage and analysis for Fortune.

  • Amin al-NasserEnvironment

    Saudi Arabia’s national oil company raked in a record $161 billion profit last year, as the Ukraine war and OPEC+ drove a 46% increase

    By Paul Wallace, Matthew Martin, and others
  • United Arab Emirates’ Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC), Sultan Ahmed al-Jaber, leaves the podium after addressing the public at the opening session of the Atlantic Council Global Energy Forum, in the capital Abu Dhabi, on January 14, 2023. – Al-Jaber, the president of this year’s COP28 climate talks, who heads one of the world’s biggest oil companies, said less-polluting fossil fuels would remain part of the energy mix, along with renewables and other solutions. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)Environment

    World ‘way off track’ in meeting climate goals, says new COP28 president, an oil executive whose appointment angered activists

    By Paul Wallace, Anthony Di Paola, and others
  • A construction worker is seen through the porthole of an under construction fuel storage tank at the VTTV oil storage terminal, a joint venture of Vitol Group and MISC Bhd., in Vasilikos, Cyprus, on Friday, Feb. 21, 2014.

    Oil market to get even tighter on Russia disruptions, world’s biggest independent crude trader says

    By Paul Wallace and Bloomberg
  • UKRAINE – 2021/01/22: In this photo illustration a Saudi Arabian Oil Company (Saudi Aramco) logo seen displayed on smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)International

    Saudi Aramco reports plunging profits, but maintains the world’s most generous dividend

    By Paul Wallace, Matthew Martin, and others