Europe’s lack of energy security…
Refinery outages in the United…
OPEC has declared war on American oil production with the intention of making the country more dependent on imported oil and on oil in general. By refusing to cut…
Not long ago, I wrote Ten Reasons Why High Oil Prices are a Problem. If high oil prices can be a problem, how can low oil prices also be…
There’s been some agreement inside the analyst community on oil -- $70 a barrel is not sustainable, in that several producers don’t have the prime acreage or debt positions to…
In ancient Greek mythology, the Titan Atlas was charged with holding up the world. Today, that task largely falls on the shoulders…
While Americans were tucking into their Thanksgiving turkeys, over in Europe a third of the world’s oil producers were cooking up a very different sort of dish. After Thursday’s decision…
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks,…
Will plunging oil prices result in a drastic decline in U.S. shale oil production? Will the Saudis, who have stuck to their guns in refusing to scale back OPEC oil…
OPEC’s decision not to cut production to shore up oil prices drove down the price of oil even further in a strong challenge to American shale oil producers – or,…
Crude Oil Outlook January Crude Oil futures plunged on Thursday after OPEC announced it was leaving oil production levels…
OPEC has resisted the urging of its needier members and has decided not to cut production levels despite the five-month-old plunge in oil prices. Saudi Oil Minister Ali al-Naimi said…
Russia can’t live with oil prices below $79 per barrel, but Finance Minister Anton Siluanov says he doesn’t expect them to drop much lower, and they may even rise a…
Saudi Oil Minister Ali al-Naimi says there’s no need for OPEC to reduce production to shore up the price of oil because the market will fix itself. Despite his optimism,…
OPEC alone can’t be held responsible for setting the price of oil worldwide, a veteran oil minister says, and it’s time for producers outside the cartel to help set acceptable…
For the last 4 years, the national average retail price of gasoline in the United States stayed within a range of $3.25-$4.00 a gallon. But that all changed this…
After a frosty reception at the G20 summit in Australia this week, Russian President Vladimir Putin required some much needed rest, at least according to the official explanation given for…
There has been a lot of attention paid to the harm that the oil industry is experiencing in the face of declining oil prices, but there has been little talk…
If oil prices continue to spiral downward, what will be the economic and strategic results? Not too bad, says Gawdat Bahgat. Consumers will benefit at the expense of producers and,…
The G20 is a conference of the world’s top 20 economies as measured by Gross Domestic Product. Some observers have slammed it as an unelected and arbitrary body that is…
Why would the oil producers, who have over the years raised the price of oil at every opportunity they got suddenly agree to drop the price from roughly $120 a…
For the second time in seven years, Kazakhstan will tap its National Fund as one way to help sustain its economy, which has become a victim of the global drop…