Tight oil boom can explain only part of drop in US oil product imports
This analysis shows that only around one quarter of a drop of 1.7 mb/d since 2005/06 can be explained by the tight oil boom.
This analysis shows that only around one quarter of a drop of 1.7 mb/d since 2005/06 can be explained by the tight oil boom.
The price of oil fell below $50/barrel this week, extending the recent rout and causing turmoil in financial markets, worsening economic crisis in Russia and Venezuela, and helping to push the Eurozone towards deflation.
London’s Brent fell from $56 to a low of $49.83 triggering a wave of headlines that the $50 a barrel barrier had been broken.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Russia, Quote of the Week, The Briefs.
A weekly review including: Oil and the Global Economy, The Middle East and North Africa, China, Russia/Ukraine, Quote of the Week, The Briefs.
Oil futures have been volatile this week, swinging $1-2 a barrel on the latest news.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Quote of the Week, The Briefs.
Oil prices have fallen by half since late June. Since it’s almost the end of the year, perhaps this is a good time to stop and ask why?
Most observers are saying the pause in the rapid decline in oil prices is mostly techincial and that lower prices still are expected.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, China, Russia/Ukraine, Quote of the Week, The Briefs
As a consumer of oil, you may regard recent sharp declines in the world oil price as a blessing. But…
A weekly review including Oil and the Global Economy, The Middle East & North Africa, Russia/Ukraine, Quote of the Week, The Briefs.