Europe’s lack of energy security…
Refinery outages in the United…
I guess the SPR Threat was politically motivatedWhen Oil and Gas prices were last at these levels President Obama utilized the threat of releasing the SPRs to put…
There is ample evidence that spikes in oil prices leads to recession, at least in the US, which is an oil-importing nation. James Hamilton has shown that 10 out…
A person might think from looking at news reports that our oil problems are gone, but oil prices are still high.
Here's the short version of why forecasts of low long-term oil and natural gas prices are almost certainly wrong: It costs more than that to get the stuff out of…
The US shale boom has already hit Russia's Gazprom hard. Now, the rising boom in US oil production, along with other sources of new global crude production, are casting…
The price oil sands producers receive fell to $48 a barrel below the international benchmark after a $4.50 or 21% widening to $25.00 of the spread between the price…
Concerns over reports Monday of a declining Asian economy helped push crude oil prices down for the second straight trading day. The World Bank downgraded its growth expectations for the…
Prof. James Hamilton of University of California recently wrote a post called Thresholds in the economic effects of oil prices. In it, he concludesAs U.S. retail…
Can the wild swings in the price of oil over the last few weeks have anything to do with supply and demand?
As the Saudis move to pump more oil, the US sits on increased crude supplies, the market gets edgy over Eurozone economic instability, and FedEx cuts it profit outlook, the…
I don’t know about you, but in the absence of any dramatic news about Iran in the papers, and especially set against the general background of a weakening global economy,…
The U.S. Department of Energy last week issued one crude oil loan from the Strategic Petroleum reserve to Marathon Petroleum Co. as gulf operators dealt with the effects of…
What were the prices of oil and gasoline in 1998? Do you remember? Without looking them up (or looking below this line), make your best guess.I've been taking…
Citi is projecting that (PDF) oil costs will stabilize at $80 to $90 a barrel by the year 2020. And a recent report from Harvard's Belfer Center warns that…
As Labor Day nears, a quiet summer seems poised to turn into an autumn to remember. Our concern here, as it has been for many years now, is the price…
After oil and gasoline prices continued their relentless march up earlier this year, it was nice to have some relief at the pump in May and June. However, since the…
The price of Brent crude oil fell $35/barrel between April and June. But increases this summer have taken about $25 of that back.
A recent study by Luciana Juvenal and Ivan Petrella suggests that the financialization of oil futures markets contributed significantly to the surge in oil prices after 2003.
Oil markets reacted Monday to a naval escalation near Dubai, highlighting on-going tensions in the Persian Gulf region. Oil prices Friday surged higher following economic statements from China, which has…
Government intervention in the labour dispute in Norway pushed crude oil prices back below the $100 mark after a brief spike Monday. Authorities said the strike halted about 15 percent…