Why Oil’s Cost Is as Important as Its Price
Most investors can tell you how much a barrel of oil fetches today. Those in the industry can, too, of course, but they are watching another number closely: how much Continue Reading
Why We Need $120 Oil
Natural Gas Power Plant $50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per Continue Reading
Are Low Oil Prices A Bigger Threat Than Terrorism For Algeria?
In November 2013, the United States Library of Congress released a report describing Algeria’s macroeconomic position as “strong” during a month when Brent oil prices cruised at $108.08 per barrel—more Continue Reading
The Offshore Oil Business Is Crippled And It May Never Recover
How badly do oil producers want to transition out of the deepwater and focus on shale? And guess what that means for the global oil price? Exxon Mobil (NYSE:XOM) just Continue Reading
Why the Oil Majors Face Inevitable Decline
The oil majors are at a crossroads and there are growing signs that their business model can no longer last. The combined effects of cheap oil, the increasing difficulty in Continue Reading
Why Peak Oil Demand Will Destroy Oil Prices
Summary Transportation fuels make up the large majority of crude oil consumption. Increasing fuel efficiency and the improvements in electric vehicles will inevitably lead to demand destruction for the primary Continue Reading
Oil Change: Affluent Saudi Arabia Goes to Work
One government goal, to bring more Saudi women into the workforce, has upset some conservative… RIYADH—Saudi Arabia’s leadership has taken up the challenge of weaning the kingdom from its dependence Continue Reading
OPEC oil output falls from near-record in May on Nigeria outages
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf July 25, 2005. OPEC’s oil output fell in Continue Reading
Saudi’s New Top Oil Official Brings Fresh Style to OPEC
We’re Seeing the Death of the OPEC Cartel For more than two decades, the people of Vienna have witnessed a peculiar ritual that’s been a firm fixture of OPEC’s regular Continue Reading
Iran Plans Oilfield Tenders in June for International Companies
Iran plans to invite international companies to bid for oilfield development rights in June, a government official said, as the Persian Gulf country seeks to revive its energy industry after Continue Reading