OPEC Defeated By US Shale Oil? Major Arab Producers and Russia cannot dictate oil prices WASHINGTON – It seems that American shale oil producers, an assorted group of small and medium-sized firms which gained...
Facing Low Oil Prices Exxon Is Looking For New Strategies The current oil glut makes many conventional oil project uneconomical WASHINGTON – Major oil companies are in deep trouble. Too much global supply means lower crude prices. If this...
Oil Prices Will Go Down But U.S. Shale Will Survive Showing remarkable resilience and flexibility the American shale oil industry managed to stay profitable in adverse market conditions WASHINGTON – After the oil production cuts recently announced first by OPEC and then non OPEC oil producers, oil...
Mass Produced Electric Cars? Sooner Than You Think The cost of batteries is going down. EVs are becoming more affordable WASHINGTON – The still unresolved issue that will determine if and when there will be real mass demand for Electric...
Round One: US Shale Wins, OPEC Loses The US shale oil industry managed to become more productive and more efficient WASHINGTON – Here is the news. The US shale oil industry, while badly wounded by the price war waged...
No Deal To Cut Oil Production – Still, Russia And Saudi Arabia Are Talking Can the two major oil producers come to an agreement at a later date? WASHINGTON – Saudi Arabia and Russia are the leading world oil producers and exporters. Energy Ministers from both countries...
A Russia-Saudi Arabia Oil Production Cut Deal? If this happened, crude prices would jump WASHINGTON – Saudi Arabia and Russia are the leading world oil producers and exporters. Energy Ministers from both countries...
Major Economic Reforms In Saudi Arabia? Prince Mohammed would like to see quick modernization. It will not happen WASHINGTON – What is going in Saudi Arabia? Probably too much. We have now an odd stew of engineered...
Saudi Arabia’s Goal: Hurt Iran Low oil prices are meant to strangle the oil-dependent Iranian economy WASHINGTON – A few days ago I argued that Saudi Arabia is imposing rock bottom oil prices through over...
Saudi Arabia’s Oil End Game It is not about America. It is really about Iran WASHINGTON – More than a year ago, when it became obvious that massive increases in US oil production (thanks...