Oil-price.net - Oil Price, Today and Tomorrow

Whatever it is, you wouldn't want to be the oil minister of Saudi Arabia. Forget the exciting remuneration, you'll have to have thick skin, extraordinarily embittered at that, to wade over the th...

http://www.oil-price.net/en/articles/aramco-ipo-and-oil-prices.php

The picture above the ground: The Boreal forest of Canada, a unique blend of pristine forests, water bodies, and wet lands. The picture below the ground: Tar sands, a source of oil, spread across...

http://www.oil-price.net/en/articles/Tar-sand-mining-gaining-force.php

A cold wave has engulfed much of Europe, the US and Northern Asia. The resultant freezing temperature has led to a thirty percent surge in the demand for heating oil. With it, the heating oil pri...

http://www.oil-price.net/en/articles/oil-contango-effects-on-oil-prices.php

This essay brings a new perspective on the subject of the article oil-price.net titled "Did High Oil Prices cause the Financial Crash?" which we published in November 2009. There is a lot of oil ...

http://www.oil-price.net/en/articles/oil-caused-recession-not-wallstreet.php

In order to ascertain whether Canadian tar sands are profitable, we need to understand exactly what they are. Tar sands are mixtures of naturally occurring clay and bitumen. Bitumen is a sticky t...

http://www.oil-price.net/en/articles/are-canadian-tar-sands-profitable.php

It can't be disputed that the world needs more oil. The IEA has predicted that the global oil demand this year would be 86.3 million bpd, the highest level since 2007. This means that demand, mos...

http://www.oil-price.net/en/articles/sudan-conflict-and-oil-exploration.php

On Jan 21, the US President Barack Obama announced a series of measures to reduce risk in the financial sector. The proposals intend to tighten the regulatory mechanism and prevent a second- or l...

http://www.oil-price.net/en/articles/new-trade-regulation-and-oil.php

This could be the script of any Hollywood blockbuster: The recent spat between Argentina and the UK over oil in the Falkland Islands. For, there is a conflict, two or more protagonists, oil, mone...

http://www.oil-price.net/en/articles/oil-war-in-falkland-islands.php

What's in a name? Niger or Nigeria will be in a better position to answer this question. If not anything the confusion in the name pushed oil prices to $80 a barrel last week. How? There was a co...

http://www.oil-price.net/en/articles/niger-nigeria-oil-price-rise.php

There has been a slew of oil discoveries around the Brazilian coast in recent times. Could they make a difference to the oil thirsty world of ours? Let's see: Petrobras, the state controlled Braz...

http://www.oil-price.net/en/articles/petrobras-discovers-oil-again.php

In the U.S. there is an over-supply of crude oil in the market, at present. Not that it definitely should but, obviously, the price of oil should slide, right? Well, last week the oil prices clos...

http://www.oil-price.net/en/articles/reasons-behind-oil-price-rise.php

Heard about Zealandia, the eighth continent of the world? Zealandia is said to be a submerged or micro continent that sank millions of years ago. Most of this submerged continent is said to be in...

http://www.oil-price.net/en/articles/the-oil-scene-in-new-zealand.php

OPEC production quotas as expected Without giving any room for surprises, OPEC has agreed to keep the production quotas unchanged this time too. Meeting in Vienna on March 17, this is the fifth t...

http://www.oil-price.net/en/articles/when-opec-decided-on-production-quotas.php

China, it seems, is everywhere. In what has become a routine, not a day passes without a mention of China in the news, in everyday conversations and predictions. As the next superpower, the count...

http://www.oil-price.net/en/articles/increasing-role-of-china-in-oil-market.php

Sarah Palin is the one allied with the campaign "Drill, baby, drill", but in an inventive merger the President has laid claims for it too-very nearly. In a bold attempt to boost the domestic oil ...

http://www.oil-price.net/en/articles/US-opens-more-areas-for-oil-exploration.php

Here's a simple question in Economics: If Exxon Mobil, the largest U.S. energy company, made a profit of $35 billion, and if the income tax paid is $15 billion at a tax rate of 47%, how much did ...

http://www.oil-price.net/en/articles/How-Exxon-paid-zero-tazes-in-2009.php

The April 20 explosion on the Deepwater Horizon rig not only killed eleven people but also triggered a massive influx of oil into the ocean. President Obama has called the oil spill a "potentiall...

http://www.oil-price.net/en/articles/use-nukes-to-contain-the-oil-spill.php

It was a stumble on the finishing line. Two years of negotiations, two weeks of which spent in hectic parleys in Copenhagen; a ten hour direct debate between world leaders-192 countries, 110 worl...

http://www.oil-price.net/en/articles/copenhagen-accord.php

The alarm bells have started ringing as surveys indicate that oil will become increasingly scarce beyond 2030 at the present rate of consumption. And to imagine a world bereft of adequate oil is ...

http://www.oil-price.net/en/articles/survive-impending-oil-crisis.php

The political world seems to be at such crossroads as of right now. The Middle East seems to be at the center of all debates. The fact is that the reason for all these fiscal and political issues...

http://www.oil-price.net/en/articles/does-osama-bin-laden-death-matter-to-oil.php

The massive earthquake and tsunami that hit Japan recently have left widespread destruction and loss of life in their wake. Besides the health hazards and reconstruction that looms ahead for the ...

http://www.oil-price.net/en/articles/japan-seeks-resilient-energy-policy.php

Oil prices are always experiencing a little fluctuation. In the past few years, there have quite a few sudden rises in oil prices with a subsequent fall in the stock market. The London Brent has ...

http://www.oil-price.net/en/articles/russian-crude-oil-middle-east.php

Riots over high food are snowballing through the Middle East, and the latest theatre of these riots, Egypt, has Western Powers worried. Very worried. Never mind a democratic regime, free election...

http://www.oil-price.net/en/articles/egypt-riots-and-oil.php

No one source of energy has ever affected the course of geopolitics the way oil has. Barrel prices going up and down seem to work like the ECG of the global heartbeat. In view of the way the econ...

http://www.oil-price.net/en/articles/shale-gas-the-next-cradle-of-energy.php

The year 2008 saw the American economy topple over like a towering stack of light weight cards with the financial and market crash. The recession changed the economy of the country and left many ...

http://www.oil-price.net/en/articles/rising-oil-prices-predict-economic-recession.php

Though plastic is one of the most versatile synthetically produced materials in the world, it also is one of the environmentally unfriendly substances produced by man. And considering its utility...

http://www.oil-price.net/en/articles/making-oil-from-plastic.php

The oil spill in the Gulf of Mexico continues to spill black venom into the sea. The world has got to see stirring images of oil gushing with decipherable great force, enough even to turn a staun...

http://www.oil-price.net/en/articles/nukes-to-stop-the-oil-gusher.php

There was some good news for the Indian shipping industry as the nation's two premier ports-Jawaharlal Nehru Port Trust and Mumbai Port Trust-reopened for business partially. Thirty-two ships had...

http://www.oil-price.net/en/articles/mumbai-oil-spill.php

Something to chew over: The reference basket of 12 crude oils of OPEC stood at 79 dollars on Friday, July 30. This year, the OPEC reference basket has been moving between $70-$80, to average $76/...

http://www.oil-price.net/en/articles/oil-price-at-comfortable-level.php

The oil price has ingratiated itself with the lower price band for some time now closing below $73 a barrel in New York on Friday. There seems to be a melange of reasons at play for the price dro...

http://www.oil-price.net/en/articles/oil-prices-headed-lower.php

If the signs are directly overhead, will they be visible or invisible? That the Deep Water Horizon rig, which exploded on April 20, was leaking prior to the explosion, as claimed by an oil worker...

http://www.oil-price.net/en/articles/bp-shadow-on-oil-investments.php

The odds are stacked against: potential radioactivity, more pores, more spills and a whole array of add-ons. Put that way, it sure doesn't seem to come from a sapient mind, the provocative option...

http://www.oil-price.net/en/articles/nuclear-option-feasible-for-bp-spill.php

Forty long days, and the saga of the Gulf oil spill continues unabated. The efforts to contain the spill seem doltish in multi levels, more confounded as weeks march by, latest in the series 'top...

http://www.oil-price.net/en/articles/gulf-oil-spill-the-aftermath.php

When oil prices were dropping after the Dubai crisis, Iran took it upon itself to save the price of oil. After all, Iran has the third largest oil reserves in the world. But how did it go about d...

http://www.oil-price.net/en/articles/iran-oil-price-increase.php

People have been scratching their heads wondering why the price of oil has held up relatively well this year in the face of a global slowdown and decreased energy demand in the United States. A f...

http://www.oil-price.net/en/articles/the-case-for-floating-oil-storage.php

The controversial bill proposed by the Democrats to end the substantial tax breaks extended to the major oil companies known as 'Big Oil' did not make it. Big Oil commonly refers to the five indu...

http://www.oil-price.net/en/articles/will-ending-tax-breaks-for-big-oil-make-a-difference.php

Oil shale crude is actually composed of kerogen. It is a waxy organic substance that was formed from algae, plants, vegetation, and all forms of animal life. Through millions of years, covered in...

http://www.oil-price.net/en/articles/oil-shale-kerogen.php

In December of 2007, 2290 oil rigs were in operation in North America, 37 less than a year

http://www.oil-price.net/en/articles/oil-rigs.php

$100 per barrel: the line was finally crossed on January 2nd 2008. What does this imply for profits of oil producing nations? In order to run some numbers we have to consider a key measure called...

http://www.oil-price.net/en/articles/profitability-of-USD100-oil.php

The US Department of Energy (DOE) "Annual Energy Outlook, 2007" was for crude oil prices to be around $57 per barrel and as you know we closed 2007 at over $95, so needless to say, the DOE was wa...

http://www.oil-price.net/en/articles/Did-you-Know-US-department-of-energy-outlook-wrong.php

Lately much has been written about the coming oil crisis. Oil is hovering at a production value of near $100 a barrel, and there are conflicting reports about the size of the reservoirs left for ...

http://www.oil-price.net/en/articles/heavy-oil-a-likely-stop-before-the-end-of-Oil.php

The extraction of heavy oil presents certain environmental problems. It contains more contaminants, such as sulfur, vanadium, and nickel, and releases more carbon dioxide per amount of usable ene...

http://www.oil-price.net/en/articles/Factoid-heavy-oil-pollution-risks.php

We are reaching closer to 'peak oil' with each passing day. Analysts predict the inevitable to come with this century. Present measures taken, the future consumption of petroleum in America may d...

http://www.oil-price.net/en/articles/peak-oil-and-directions-in-the-oil-industry.php

This may sound like a fiction story but it is true! While total world resources of oil shale are conservatively estimated at 2.6 trillion barrels, US sits on close to two trillion barrels of crud...

http://www.oil-price.net/en/articles/US-shale-oil-deposits-2-trillion-barrels-crude-oil.php

The Iranian Oil Bourse establishing Euro-based pricing of oil is set to open on February 17th 2008 and could have devastating effects on the US dollar. Currently all three major oil markets (WTI,...

http://www.oil-price.net/en/articles/iranian-oil-bourse-opening.php

In 1878 Thomas Edison invented the first electric light bulb. This single invention proved to be so popular that it caused a major recession in the oil industry. Since 1856 kerosene lamps were us...

http://www.oil-price.net/en/articles/Henry-Ford-caused-petroleum-era.php

The Jack Field oil discovery was greeted by the American news media with euphoria. On September 6,2006, The New York Times carried this big headline, "New Oil Field in Gulf May Yield Billions of ...

http://www.oil-price.net/en/articles/Oilfield-drillbit-at-record-depth-jack-field.php

A clean-burning kerosene lamp invented by Michael Dietz in 1857 saved the whales from extinction. Prior to the 1800s, torches, candles made from tallow, and lamps which burned oils rendered from ...

http://www.oil-price.net/en/articles/crude-oil-saved-the-whales.php

Until recently, seismic images from below deep salt formations were muffled and largely useless. New advanced mathematical formulas and other new technology allow interpreting the images, bringin...

http://www.oil-price.net/en/articles/Placing-the-drill-bit-to-record-depths-Part-1.php

In 1924, the discovery of an oil field beneath the Nash salt dome in Brazoria County, Texas, was the first to be based on single-fold seismic data. Before that, oilfield exploration was very much...

http://www.oil-price.net/en/articles/seismic-oil-discovery.php

It is often assumed that most of the oil can be pumped and recovered from an oil pool. Unfortunately this is rarely possible even with the use of horizontal wells. Oil wells drilled in the Southe...

http://www.oil-price.net/en/articles/novel-crude-oil-recovery.php

Companies that anticipate a long presence in the energy market are those involved with oilfield services. It's now January of 2008, and it's an understatement to say that the stock market is unce...

http://www.oil-price.net/en/articles/oil-exploration-companies.php

Iran's Oil Bourse is based off the island of Kish and houses offices of 100 Iranian and foreign

http://www.oil-price.net/en/articles/iranian-oil-bourse.php

Among all the undertakings in the world, this could rank as one of the riskiest ventures-oil drilling. Here's a sampler for what we are talking about from Mukluk Island: In 1983, twelve companies...

http://www.oil-price.net/en/articles/oil-drilling-expensive-business.php

Then the common man's dream saw result-oil prices marched downwards. So, there ought to have been celebration everywhere, only the euphoria was missing. The reason: underinvestment in oil was equ...

http://www.oil-price.net/en/articles/Oil_supply_crunch_and_the_world.php

How many people around the world with money to invest are going to continue to fall for the advice of so called experts calling for them to invest in gold? Everyday, newspaper and television adve...

http://www.oil-price.net/en/articles/oil-investment-gold.php

Of course, the oil prices fell immediately. On November 27, the January contract for benchmark US light sweet crude slid to $76.05/bbl, a decline of 1.91. (adsbygoogle = window.adsbygoogle || [])...

http://www.oil-price.net/en/articles/dubai-crisis-oil-prices.php

Oil is slippery, probably why the people associated with it are too. According to reports in the Guardian, a whistleblower at the IEA, no less, has claimed that the agency has been deliberately d...

http://www.oil-price.net/en/articles/international-energy-agency.php

Everyone has been concerned by the recent global economic crisis. In the United States and Europe the newspapers are full of stories of those who have lost their houses and businesses. Elected of...

http://www.oil-price.net/en/articles/did-high-oil-prices-cause-financial-crash.php

From long-term passion for model trains to stake-building of several years, Warren Buffett, the billionaire investor, has decided to acquire one of United States' largest freight railway firms, B...

http://www.oil-price.net/en/articles/buffett_buys_railways_because_of_peak_oil.php

Can fiction masquerade itself as fact? Well, there's a case study at hand-OPEC and its reserves. OPEC's crude oil reserves grew by almost 7.9 percent in 2008-from 940 barrels in 2007 to 952 billi...

http://www.oil-price.net/en/articles/OPEC_lies_about_its_oil_reserves.php

Crude oil prices have surged to year high recently, as the economy is showing its first signs of recovery. Mark my words: the economy is not booming, far from that. There are however some signs t...

http://www.oil-price.net/en/articles/Loss_of_elasticity_in_the_oil_price.php

Increasingly, governments are demanding higher prices from oil conglomerates for tapping into their onshore reserves and sometimes even excluding them in favor of domestic expertise. It looks ble...

http://www.oil-price.net/en/articles/china_north_east_petroleum_oil_company.php

Last month Marconi's article here in oil-price.net broke the news of how China was building its crude oil reserves, completing 102 million storage facilities and how the country had a big devalua...

http://www.oil-price.net/en/articles/China_could_displace_US_Dollar_dominance.php

Many of us are aware of the value of oil and very aware of the oil price rise. Oil drills and oil exploration float to mind every time the oil prices go north. But are we aware of the process beh...

http://www.oil-price.net/en/articles/Search_for_oil.php

Someday the worst of this economic debacle will be over. Then the phenomenon of "Peak Oil", when the world's oil production reaches its maximum and begins a slow decline, will reassert its power ...

http://www.oil-price.net/en/articles/economy_peak_oil.php

It took only 5 months for the price of oil to plummet from $150 to under $40 in the second part of the year. Meanwhile oil consumption did not even decrease 10%, so what is the real cause of this...

http://www.oil-price.net/en/articles/2008_economic_collapse.php

As the US house of representatives voted to increase the dollar supply by $700B, many are wondering what effect this will have on energy prices. History is full of tragic examples where helicopte...

http://www.oil-price.net/en/articles/Oil_price_inflation.php

Oil companies won't be building more refineries, because there won't be enough oil left to refine by the time new refineries could pay for themselves. There hasn't been a new refinery built in th...

http://www.oil-price.net/en/articles/oil-refineries.php

The price of crude oil is closely watched by market analysts and the common man alike. This is because the uncertainty associated with it brings frequent fluctuations depending on factors like th...

http://www.oil-price.net/en/articles/oil-prices-down-for-now.php

Crude oil prices have been in the news off-late for the sudden fluctuations in the international market. Various factors such as a weak global economy, a strong dollar, and easing of tensions in ...

http://www.oil-price.net/en/articles/reasons-why-gasoline-prices-refuse-to-slide.php

Not long ago, we heard of Libya's long drawn path to freedom. Remember Gaddafi and the civilian uprising in the country? The Arab spring, as it swept Libya unsparing the authoritarian Gaddafi reg...

http://www.oil-price.net/en/articles/the-battle-for-libyan-oil.php

At first sight it appears that low oil prices are good for society. A low oil price helps us save dollars at the pump, acts as an economic catalyst making exchanges cheaper and thereby stimulatin...

http://www.oil-price.net/en/articles/downside-of-low-oil-prices.php

The oil industry relies on a steady stream of exploration and innovation in order to locate and exploit ever more remote and inaccessible reserves of oil. Periodically, new technology opens up ne...

http://www.oil-price.net/en/articles/current-oil-prices-create-opportunities.php

You would have read here, at oil-price.net, that oil producers and refineries use the Brent Crude Index and the West Texas Intermediate Index (WTI) to settle contract prices for oil delivery. The...

http://www.oil-price.net/en/articles/how-markets-influence-oil-price.php

Investors and speculators can make money in any market no matter which way prices move. In a rising market, you buy and then sell later at a higher price to make profit; in a falling market, you ...

http://www.oil-price.net/en/articles/top-6-reasons-oil-price-are-headed-lower.php

The price of oil has been falling since July of last year, and many industry analysts have struggled to find a direction in the market. Many wish the price of oil would rise again and seek any si...

http://www.oil-price.net/en/articles/low-oil-price-met-with-american-ingenuity.php

Since the price of crude oil started to tumble in June 2014, almost $80 has been wiped off the cost of a barrel of oil from the peak to the trough of oil market indices. As a barrel of oil repres...

http://www.oil-price.net/en/articles/why-dont-gas-prices-fall.php

Lower fuel prices are great for the consumer, but we know that not all of the cost saving of lower crude oil and gas prices have been passed on to the general public. Oil and gas refiners prosper...

http://www.oil-price.net/en/articles/who-benefits-from-lower-oil-prices.php

Most watch in disbelief as hordes of Middle Eastern migrants enter Europe with little to no resistance from border control. Whereas refugees are normally women and children, these migrants are fo...

http://www.oil-price.net/en/articles/oil-prices-and-syrian-civil-war.php

In our last article we predicted that thousands of hardened ISIS fighters, blending among refugees, would march into Europe undetected. We also advised our readers that this would spread distrust...

http://www.oil-price.net/en/articles/syrian-war-oil-prices-and-paris-attacks.php

At last, the oil price has fallen in the $20 range. Its rate of decline is all the more impressive, having lost $10 - a third of its value - in one month. Although the price of a barrel of crude ...

http://www.oil-price.net/en/articles/20-dollar-oil-price-and-six-trends.php

The numbers say that these should be the best of times for America. The economy has been growing for five years. Unemployment is low. Inflation is almost nonexistent and gas is cheap. Yet, many A...

http://www.oil-price.net/en/articles/how-oil-price-volatility-explains-uncertain-times.php

The Brent Crude Index hit $27.1 on January 20th this year - its lowest point since June 2003. The index's lowest point in the last 20 years was at $10.19 back in December 1998. As the price slid ...

http://www.oil-price.net/en/articles/oil-prices-recover-despite-bribery-scandal.php

Crude oil was at a 13-year record $25 low in mid-January 2016 and has soared more than 70 per cent since. The battle is on again. We are talking about the mighty forces whipping up the oil prices...

http://www.oil-price.net/en/articles/six-reasons-why-oil-prices-reached-new-highs.php

In an event that went largely unnoticed, we have, in fact, passed the point in human history where OPEC's key member Saudi Arabia can dictate oil prices any longer. No one seems to have taken in ...

http://www.oil-price.net/en/articles/saudis-lost-US-clout-over-oil-price-war.php

We've been hearing a lot about Brexit. What is Brexit, by the way? Well, in June a referendum was held in Britain to decide whether the nation should remain with the European Union or not. The Br...

http://www.oil-price.net/en/articles/brexit-turkish-coup-oil-prices.php

The November elections will hoist either Donald Trump or Hillary Clinton into the Presidency. Given that the US is one of the leading producers of oil , what will change with a new President? Wel...

http://www.oil-price.net/en/articles/trump-clinton-and-oil-prices.php

Recent falls in oil prices alter the financial dynamics of oil extraction. Certain sources of oil entail lower costs than others. For example, conventional pumped oil extraction in high pressure ...

http://www.oil-price.net/en/articles/falling-oil-price-slows-us-fracking.php

It is the time of the year again for our highly anticipated oil price related predictions for 2018. As our millions of faithful readers are aware, we have a rather impressive track record -from p...

http://www.oil-price.net/en/articles/5-oil-price-predicitions-for-2018.php

Consider some recent headlines: "World Bank Warns Of Extreme Volatility In Oil Markets", "International Energy Agency Head: Oil markets are entering an era of unprecedented volatility" and "Oil p...

http://www.oil-price.net/en/articles/waking-into-volatile-oil-prices.php

Last year, we gave out five blazing predictions as we stepped into a brand new 2018. And, how did we fare? Well, the year isn't new anymore but we did get 5 out of 5 of our predictions right! Sel...

http://www.oil-price.net/en/articles/4-oil-price-predictions-for-2019.php

For a nation, what's a year? Well, in the timing of the bigger picture, not much. Still, a year can cast its shadows long and fast. Essentially, as I was analyzing the ebb and flow of oil prices ...

http://www.oil-price.net/en/articles/saudi-arabia-backwards-despite-high-oil-price.php

After scaling a three-year high of $79 a barrel, oil prices fell taking a nine percent drop on the back of better supplies, resumption of Libyan oil production and increased Saudi oil output. But...

http://www.oil-price.net/en/articles/iran-tensions-150-dollar-oil-price.php

Ever heard of harmony in oil prices? Recently, Brent crude oil hovered near the $80 mark, the maximum since November 2014. So it goes. Oil prices are on a rage, riding on a more than three-year h...

http://www.oil-price.net/en/articles/sanctions-and-oil-prices.php

Experts say that you shouldn't look at your pension investments too often as you might make unwise decisions. I don't follow this advice. The reason that I'm drawn to tending my pension spreadshe...

http://www.oil-price.net/en/articles/volatility-in-oil-price-on-the-way-again.php

Strategic Petroleum Reserve (SPR) is a repository of crude oil for emergency purposes built primarily in countries dependent on oil imports. Stored in four deep underground salt caverns along Tex...

http://www.oil-price.net/en/articles/oil-prices-strategic-petroleum-reserve.php

We're on a roll when it comes to accurately predicting major geopolitical events and their impact on oil prices. In our article titled Takeover of Oil by Militias" published in 2012, we successfu...

http://www.oil-price.net/en/articles/9-oil-price-forecasts-trump.php

Harvey, making landfall as a Category 4 hurricane, battered southeast Texas a few days ago. Though downgraded to a tropical storm later on, it left a trail of massive destruction including loss o...

http://www.oil-price.net/en/articles/hurricanes-impact-oil-prices.php

Already, crude oil prices are down by well more than 18% compared to early 2017. Oil production has risen in countries like Libya and Nigeria. Quite naturally, with above 'target' production in S...

http://www.oil-price.net/en/articles/thank-finance-for-oil-price-decline.php

Some wars are fought on the sidelines. They too are full of ideas, intrigue and bravado. Some backfire thoroughly. The Saudis took a brunt of it in their war with shale. In the US, after the peak...

http://www.oil-price.net/en/articles/shale-producers-opec-oil-price-war.php

Well, only three months into the year and so far 3 of our 9 initial predictions for 2017 have already unraveled and the rest are in the process of doing so. keystone pipeline is happening oil pri...

http://www.oil-price.net/en/articles/oil-prices-gyrate-on-risk.php

Decidedly, 2017 will be the year of pipelines. Let's draw a parallel with the internet if we should. This article comes to your computer reliably through a series of pipes that did not exist 20 y...

http://www.oil-price.net/en/articles/massive-pipelines-and-oil-prices.php

Russia has been in the news lately, amid allegations that it "hacked the vote". Yes, the very 'vote' that granted ascendancy to Trump as the 45th president of America. What a day January 20 is go...

http://www.oil-price.net/en/articles/russian-gas-pipeline-hacking-elections.php

The Black Monday stock market crash of October 19th, 1987 was the largest one-day percentage decline in the Dow Jones Industrial Average. The crash was a genuinely perplexing event. To informed o...

http://www.oil-price.net/en/articles/will-collapse-in-oil-price-cause-stock-market-crash.php

A falling oil price is good for the US consumer and good for the US economy. Transport costs feed into the price of every physical product, so if oil gets cheaper, everything gets cheaper. If the...

http://www.oil-price.net/en/articles/oil-price-fall-threatens-us-oil-production.php

Oil prices are at it again. In June 2011 rates have dropped almost 20 percents from the $114 high that it touched 4 months earlier. Going by the current trades, oil prices are hovering slightly b...

http://www.oil-price.net/en/articles/ftc-investigates-oil-price-manipulation.php

Logic would seem to dictate that if oil prices are going down, the price of gasoline should follow suit and go down also. However the opposite has been observed lately. Of course as is the case i...

http://www.oil-price.net/en/articles/why-is-gas-price-high-when-oil-price-down.php

By now, you'd have heard the news (yes, the world doesn't end on February 30, let alone on December 21) that the US is set to become the world's largest oil producer in a decade. So, how did this...

http://www.oil-price.net/en/articles/american-oil-revolution.php

Congrats, Mr. President. We hope the second term, you know, without the burden of having to face another election, doesn't make you complacent. You must be wondering why we - dealing predominantl...

http://www.oil-price.net/en/articles/open-letter-obama-energy-policy.php

Iraq wars 1 and 2 were fought as much on the ground as in the media. Embedded journalism, the war on terrorism, toppling an evil dictator and spreading freedom were all images used to instill on ...

http://www.oil-price.net/en/articles/takeover-of-oil-by-militias.php

The debate is raging in full swing: the dearth of new refineries in the US. Many are surprised to see the continued increase in oil prices despite the surge in domestic oil production. Could refi...

http://www.oil-price.net/en/articles/oil-and-refineries.php

Readers of oil-price.net have often wondered why the US isn't self-sufficient in oil, that is, in spite of the perceived abundant reserves. They may have a point, just so. Let's take a case to il...

http://www.oil-price.net/en/articles/north-dakota-oil-boom.php

The Strait of Hormuz is in the news again. The Iranian parliament is considering a bill that threatens to close this Strait to oil tankers from countries that support sanctions imposed on Iran. M...

http://www.oil-price.net/en/articles/strait-of-hormuz-and-oil-price-rise.php

Before jumping into the question, a recap: In a previous article titled "Is Oil Fueling the Rise in Political Partisanship", Oil-price.net went on a search to see if rising oil prices had any inf...

http://www.oil-price.net/en/articles/oil-prices-decide-us-elections.php

Well, March arrived with 'the sequester,' didn't it? As you heard, on March 1, 'the sequester' swung into action with President Barack Obama signing an order to bump away $85 billion from the bud...

http://www.oil-price.net/en/articles/sequester-and-oil-prices.php

Strait of Hormuz, for the uninitiated, is the narrow passage connecting the Persian Gulf to the Arabian Sea, surrounded by countries like Saudi Arabia, Iran, UAE, Iraq and Oman. It is significant...

http://www.oil-price.net/en/articles/iran-oil-strait-or-hormuz.php

WTI vs Brent- which is the better benchmark? Or, perhaps what is WTI and what is Brent? Primarily, there are two types of crude oil traded in the international markets (three really, but two majo...

http://www.oil-price.net/en/articles/wti-edging-on-brent-crude-oil.php

In 2009 I published a chart in an article at Oil-Price.net that showed volatility in the price of oil had risen and fallen in a series of seven spikes during the prior decade. The turbulent year ...

http://www.oil-price.net/en/articles/is-oil-fueling-rise-in-political-partisanship.php

Gaddafi is gone, and how. Yet, his legacy would be tough to scratch. The news of his death marks the beginning of a new era for oil exploitation in Libya which markets greeted with a slight dip i...

http://www.oil-price.net/en/articles/gaddafi-legacy-of-libya-oil-deals.php

Standard and Poor's (S&P) credit rating for the US was pulled down a notch to AA+ from AAA in August 2011 for the first time in the history of the rating system. The agency had expressed concerns...

http://www.oil-price.net/en/articles/credit-downgrade-downfall-petrodollar.php

Predictions for the future? Here's one based on the available pointers: Tighter oil supplies in 2012. In fact, brace yourself, a potential demand surge could, in essence, bring this faraway calcu...

http://www.oil-price.net/en/articles/tighter-oil-supply-in-2012.php

Latest Crude Oil Price

http://www.oil-price.net/en/articles/mali-and-oil-untold-story.php

Deja vu. The more things change, the more they remain the same, don't they? Take North Korea, for instance. If the ascension of Kim Jong-un promised change, it -alas- wasn't meant to be. A libera...

http://www.oil-price.net/en/articles/north-korea-effect-on-oil-price.php

In June of 2014 the Brent Crude Oil Price hit $115 per barrel and many oil market insiders were predicting higher prices. Other analyst however, called a peak, and their predictions proved to be ...

http://www.oil-price.net/en/articles/oil-price-drops-on-oversupply.php

A review of news headlines in early 2014 will alert those interested in the US oil industry to a raging controversy and planning row over the construction of the Keystone oil pipeline. This infra...

http://www.oil-price.net/en/articles/keystone-xl-pipeline-controversy.php

Back in February 2014, oil-price.net posted an astonishing report on the US government's trade restrictions on its own oil industry. While other governments protect their home industries and give...

http://www.oil-price.net/en/articles/partial-lift-of-crude-oil-export-ban.php

OPEC, the United States of America is here, and how. As the top oil producing nation for 2014, the U.S. has steadily left the world behind. Who said oil in the US was always under sempiternal sto...

http://www.oil-price.net/en/articles/boom-time-for-crude-oil-in-the-us.php

Followers of international politics were mostly taken by surprise early this month, when a hitherto unreported rebellion in Iraq suddenly threatened to shake the world's oil markets. Throughout t...

http://www.oil-price.net/en/articles/isis-creates-an-oil-shock-but-why.php

The much ballyhooed story of energy independence in the US is almost here, thanks to shale oil production from Texas and North Dakota. Also in the picture, there's the growing production from Can...

http://www.oil-price.net/en/articles/oil-boom-but-infrastructure-woes.php

Did you ever wonder what makes the price of oil move and why movements in the price of oil don't always feed through to the gas station's prices? Who decides the price of oil and how do all the o...

http://www.oil-price.net/en/articles/what-sets-oil-prices.php

The recent Russian takeover of Crimea has grabbed the world's attention. The Russian government has long held a secret desire to recover the peripheral territories that were split away from the S...

http://www.oil-price.net/en/articles/russian-oil-motives-in-ukraine.php

The United States of America, land of entrepreneurship and innovation, is a major campaigner on the world stage for free markets and liberalized economies. So, few Americans would believe that th...

http://www.oil-price.net/en/articles/oil-export-ban-hurts-us-oil-industry.php

We have written extensively about the drivers of oil prices to the upside: higher production costs, the lack of transcontinental pipeline in North America, skyrocketing oil demand in China, and g...

http://www.oil-price.net/en/articles/lower-bound-of-oil-prices.php

It's as official as it can get. There's a shale boom scampering around the country. At the heart of it, there's cheap Natural Gas. Obviously, can the Natural Gas trucks be far behind? And, the tr...

http://www.oil-price.net/en/articles/natural-gas-trucks-has-the-time-come.php

Noticed something whirring overhead? Must be the smell of drama. It seems that the Arab countries are willing to fund the entire operation of any U.S. military adventure in Syria. Says, Secretary...

http://www.oil-price.net/en/articles/crude-oil-syrian-conflict.php

In a previous Oil-Price.net articles published in 2010 and 2011 , I discussed predictive relationships that appear to occur between large, rapid swings in oil price and recessions, stock market c...

http://www.oil-price.net/en/articles/oil-price-volatility-on-the-way.php

If you can, you could term it delusion, the theory that Shale gas is the answer to all problems in terms of energy. Just extract the gas, ship it across the pipeline and export the excess, or so ...

http://www.oil-price.net/en/articles/shale-high-depletion-rates-in-bakken.php

Go, check the oil prices. Haven't they galloped to $106 a barrel? Indeed they have, on the back of turmoil in Egypt and tensions with regard to the Suez Canal. Not long ago, the uprisings in the ...

http://www.oil-price.net/en/articles/oil-price-and-egypt.php

Previously on OIL-PRICE.NET, we've looked at reasons for lower bound of oil prices. With questions asked from our readers, we've decided to take another look with special emphasis on OPEC. For, O...

http://www.oil-price.net/en/articles/opec-and-oil-prices-is-the-story-over.php

That the Chinese used oil from natural seeps as fuel to boil salt brine into salt. Initially bamboo was pounded vertically into oil containing seeps and removed by suction. With time this led to ...

http://www.oil-price.net/en/articles/Did_you_know_bamboo_use_as_oil_pipelines.php