ENERGY

Latest Drop in Oil Prices Puts OPEC in a Bind

30 May 2018
Latest Drop in Oil Prices Puts OPEC in a Bind

OPEC still thinks it has significance in "rebalancing" the world's oil market. U.S. energy producers, on the other hand, keep on producing, regardless.

Merrill Lynch Sees “Risk” of $100 Oil in 2019, Thanks to Iran Sanctions

11 May 2018
Merrill Lynch Sees “Risk” of $100 Oil in 2019, Thanks to Iran Sanctions

Will there be $100 per barrel oil again soon? It's possible, but it would not be permanent.

Citigroup: U.S. Will Be World’s Largest Oil Exporter by Next Year

09 May 2018
Citigroup: U.S. Will Be World’s Largest Oil Exporter by Next Year

Citigroup announced last week that exports of crude and finished oil products from the United States would overtake Saudi Arabia’s by next year.

IEA Declares OPEC Has Accomplished Its Mission: Oil Is Now “Balanced”

23 April 2018
IEA Declares OPEC Has Accomplished Its Mission: Oil Is Now “Balanced”

OPEC is no doubt rejoicing in its accomplishment of raising the price of crude oil by restricting output, but that rejoicing is likely to be short-lived.

Saudi Arabia Once More Delays Plans to Sell Part of Its Oil Company

20 March 2018
Saudi Arabia Once More Delays Plans to Sell Part of Its Oil Company

The crown prince of Saudi Arabia has big dreams for his oil empire, which all rely on being able to sell a portion of Saudi Arabia's oil company for huge...

Shocking Breakthrough: Scientists Say Cheap, Unlimited, Clean Energy Is on Horizon

15 March 2018
Shocking Breakthrough: Scientists Say Cheap, Unlimited, Clean Energy Is on Horizon

The old quip about fusion is that it’s the energy of the future — and always will be. But this joke may now have to be retired, as scientists have achieved...

MORE ARTICLES

U.S. Oil Production Will Soon Overtake Saudi Arabia’s

22 January 2018
U.S. Oil Production Will Soon Overtake Saudi Arabia’s

U.S. crude oil production will soon overtake that of Saudi Arabia, thanks to George Mitchell finding how to extract oil and gas from shale.

Latest Report: Crude Won’t See $60 a Barrel For at Least a Year

13 October 2017
Latest Report: Crude Won’t See $60 a Barrel For at Least a Year

Despite OPEC's efforts to raise oil prices by cutting production, crude-oil prices are expected to remain under $60 a barrel for at least the next year.

OPEC to Meet in Vienna Wednesday to Plan Production Cuts

25 November 2016
OPEC to Meet in Vienna Wednesday to Plan Production Cuts

OPEC continues to think it can manipulate the oil market to its own advantage.

A Unique Oil Man in a Tough Business

17 March 2016
A Unique Oil Man in a Tough Business

It would be hard to think of a group that is more vilified as exploitative than oil men. Yet everything that Tom Hill of KimRay does shatters that perception.

Saudi Arabia Cuts Oil Prices, Could Spark Price War

03 October 2014
Saudi Arabia Cuts Oil Prices, Could Spark Price War

Saudi Arabia's surprise announcement of a cut in its oil prices to its customers is likely to set off an international oil price war.

Fracking Revolution: U.S. Replaces OPEC as World’s “Swing Producer”

01 October 2014
Fracking Revolution: U.S. Replaces OPEC as World’s “Swing Producer”

The impacts of the fracking revolution are now reaching from gas pumps to foreign affairs.

 

 

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