Tag: oil supplies

Commercialization, Conventional Fuels

Oil will hit levels ‘we haven’t see in our lifetimes’ if Iran isn’t stopped, Saudi crown prince says

September 30, 2019

Via: CNBC energy

DUBAI — Saudi Arabia’s Crown Prince Mohammed bin Salman has warned of astronomical oil prices in the event that tensions escalate in the Persian Gulf, two weeks after his country was hit by a drone and cruise missile attack that […]

Chemical, Conventional Fuels, News and Policies, World

OPEC’s oil production plunges to four-year low in March as Saudis slash output

April 10, 2019

Via: CNBC energy

Oil supplies from OPEC sank by half a million barrels a day in March, hitting a four-year low, as Saudi Arabia continued to slash output and Venezuela’s production plunged amid ongoing economic crisis. The monthly production decline amounts to roughly […]

Chemical, Conventional Fuels

Which Is Safer For Transporting Crude Oil—Rail, Truck, Pipeline Or Boat?

October 11, 2018

Via: Forbes

The question resurfaced this week as news of increased crude oil transportation by rail crossed the border from Canada. Oil and gas is moving around our country, around pristine wilderness, around our cities and towns. Oil is going to keep […]

Commercialization, Conventional Fuels

US spends $81 billion a year to protect global oil supplies, report estimates

September 21, 2018

Via: CNBC energy

The United States military spends about $81 billion a year to protect oil supplies around the world and keep fossil fuels flowing into American gas stations, according to new analysis. Securing America’s Future Energy, a think tank that advocates for […]

Electric, Energy Consumption, Global

Could TaaS Offset EV Impact On Oil Demand Growth?

July 11, 2018

Via: Forbes

While there is concern about the potential for growth in electric vehicles (EVs) to suppress oil demand growth, a recent report argues that Transportation as a Service (TAAS) could provide an alternative source of fossil fuel demand. Kimmeridge Energy has […]

Commercialization, Conventional Fuels

Lack of Spare Capacity In World Oil Markets Signals Higher Prices

June 28, 2018

Via: Forbes

It hasn’t even been a week, but it’s already apparent that OPEC’s recent move to increase production won’t be enough to curb oil prices from climbing higher. Global benchmark Brent is already driving toward $80 a barrel again, and $90 […]

Commercialization, Conventional Fuels, News and Policies, World

OPEC ministers strike deal to increase oil production

June 22, 2018

Via: CNBC energy

OPEC ministers announced a deal on Friday that will increase oil supplies from the producer group, which has been capping output in order to balance the market and boost prices for the last 18 months. The agreement came after a […]

Commercialization, Conventional Fuels

Why Oil Prices Are High Today Tells Us Where They Will Go Tomorrow

June 15, 2018

Via: Forbes

Again and again, market observers have been confounded by their inability to differentiate between transient events and long-term, physical constraints. After the first oil price increase in 1973, many argued for mean-reversion and thus were discredited when prices soared during […]

Commercialization, Conventional Fuels

East coast freeze and low supply could push fuel oil price higher

January 4, 2018

Via: CNBC energy

Fuel oil is set to lead the energy market higher as a current supply shortage coincides with the big freeze hitting the U.S. east coast, according to an analyst. More than 40 million people up and down the eastern seaboard […]

Energy Economics

Where Will The Strong Dollar Take Oil Prices?

November 16, 2016

Via: Forbes

The market prices in the future, and in the future they see higher interest rates in the advanced economies, even higher ones in the U.S., and a strong dollar. A strong dollar is usually a sign that oil prices will […]