United States Predicts Oil Market recovery In 2017
The situation regarding the cost of oil and its impact on world economies there is depending on who you speak to. Economists seem to be cautious, claiming that new oil fields predicted to begin production in the next two years could exacerbate an already overflowing...
The Effect of Low Oil Prices On International Trade
Any major change in the price of oil will have a significant effect on the world economy. The recent drop in oil prices from over $100 in mid 2014 to less than $50 in recent times has affected the trade balances of major oil producers and consumers. While the oil...
Oil News from Oil-price.net
- Aramco's IPO and oil pricesWhatever 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 thankless challenges. For one, the Kingdom shows all signs of nervousness. Over that, September's drone strikes on Saudi oil facilities wiped out half […]
- Tar sand mining gaining forceThe 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 138,000 km2 of land. About 4.3 million hectares of the said forest has tar sand deposits. And, one or rather both […]
- Oil Contango and its Effects on Oil PricesA 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 prices reached a thirteen month high last week. And today, the price of oil per barrel is the highest in […]
- Oil Caused Recession, Not Wall StreetThis 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 about. A lot left in the ground and a lot being produced. Amidst the contention, it is easy to overlook that […]
- Are Canadian Tar Sands Profitable?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 tar like form of petroleum. However, bitumen is extremely thick and heavy and must be diluted before it can flow. As a consequence […]