Global Oil Supply More Fragile Than You Think
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.
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.
A wave of pessimism is engulfing the oil industry as prices show no signs of rebounding from multi-month lows.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, The Briefs.
Much of the news that will eventually move oil prices came on the international front this week.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, The Briefs
As prices continue to fall, concerns are increasing on Wall Street as to the quality of their loans to unprofitable oil and gas companies.
A weekly review: Oil and the Global Economy, The Middle East and North Africa, China, Russia/Ukraine, Greece, The Briefs.
The plunge in oil prices last year led many to say that a decline in U.S. oil production wouldn’t be far behind. This was because almost all the growth in U.S. production in recent years had come from high-cost tight oil deposits which could not be profitable at these new lower oil prices. These wells were also known to have production declines that averaged 40 percent per year.
A weekly review including Oil and the Global Economy, The Middle East and North Africa, China, Russia/Ukraine, Greece, The Briefs.
A perfect storm formed over the oil markets this week leading to price declines.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Greece, The Briefs.
A weekly review in including Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Greece, The Briefs.