Could the price of oil be a value such that the current quantity produced exceeds the current quantity consumed?
Articles: oil price (91)
US shale oil is unusual, in being privately owned: most of the world’s oil reserves (over 70 percent) are in state hands.
The last ten days have been among the most volatile for the oil markets since Iraq invaded Kuwait 25 years ago.
If prices stay low for the next three years, the global oil industry and the countries it finances will be out $4.4 trillion in revenues.
Market fundamentalists tell us that prices convey information. Yet, while our barbers and hairdressers might be able to give us an extended account of why their prices have changed in the last few years, commodities such as oil--which reached a six-year low last week--stand mute. To fill that …
2014 was one of the worst in over six decades for major new oil discoveries, even though oil prices were high for most of the year.
Economists, an irrational tribe of short-sighted mathematicians, are now calling Canada's declining economic fortunes "a perfect storm."
We all know one thing that Greece, Cyprus, and Puerto Rico have in common–severe financial problems. There is something else that they have in common–a high proportion of their energy use is from oil.
EIA, IEA, and BP forecasts miss the issue of low prices, and what they do to the possibility of future oil production. We get lulled into thinking that current prices are almost high enough, but they really are not. Companies really need to have enough funds on a cash flow basis, and on this …
OPEC at age 55 demonstrated its maturity this week as it left oil production quotas for its members unchanged. It did so in the face of oil prices that are about 40 percent lower than they were at this time last year, delaying once again a return to the $100-per-barrel prices seen during the …