The Fuse

Additional Articles

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Oil and the Economy

U.S. Refining Rebounds from Hurricanes, Returns to Market Dominance

The structural shift in the U.S. refined products markets throughout this decade—with the U.S. becoming a net exporter—has benefited consumers, the country’s manufacturing sector, and the trade balance. Read More

topics: Diesel, Gasoline, Refined product exports, Refined product inventories, Refining
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Petropolitics

Seizure of Kirkuk Serves as Reminder of Oil Market’s Geopolitical Vulnerabilities

The recent tension in Iraq highlights the ongoing reality of the global oil market: Many key oil-producing countries are politically unstable. Read More

topics: Iraq, Kirkuk, KRG, OPEC, Sanctions, Venezuela
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Oil and the Economy

Brazil’s Offshore Sector Rebounds After Years of Disappointment

The promising results from Brazil's auction demonstrate that the country's offshore sector remains attractive even as the global oil industry has been hesitant to invest in big projects as a result of relatively low oil prices. Read More

topics: Brazil, ExxonMobil, Pre-Salt Oil, Royal Dutch Shell
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Petropolitics

Saudis Playing the Long Game as Economy Sinks Into Recession

Despite the effects from the OPEC production cut and austerity measures, Saudi Arabia can ride out the current economic headwinds without having to switch market strategy. That outcome, though, is not a certainty since there are factors that could further negatively impact the Saudi economy. Read More

topics: Iran, Iraq, OPEC, Saudi Arabia, U.S. crude exports
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Oil and the Economy

It’s Déjà Vu All Over Again: OPEC, Petroleum Investment, and the Threat to U.S. Consumers and Energy Security

Over the decades, a key to these extreme shortages and surpluses in the global oil market is OPEC’s role in structurally either undersupplying the market or mismanaging its investment function. Read More

topics: IEA, OPEC, Saudi Arabia, Underinvestment Risk, Upstream Investment
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Petropolitics

OPEC Touts Its Oil Market Manipulation

Saudi Arabia is poised to make "unprecedented" cuts to customers next month, while OPEC's secretary-general suggests the cartel may take "extraordinary measures" to further tighten oil market fundamentals. Read More

topics: Oil Prices, OPEC, Russia, Saudi Arabia, Shale
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Oil and the Economy

Crosspost: US Shale May Not Be Able to Save Markets From a Supply Crunch

The head of SAFE's policy team talks to Platts about OPEC’s policies distorting the investment cycle, the limitation of shale to meet demand growth, and why a small reduction in oil supply can sharply increase prices. Read More

topics: Oil Prices, OPEC, Shale, Underinvestment Risk
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Energy Innovation

Chart of the Week: EV Sales Set Quarterly Record in Q3

Stay on top of the latest developments in oil markets, geopolitical risk, and alternative fuel vehicles with the SAFE policy team's Chart of the Week. Read More

topics: Capital expenditures, Gasoline, Household Spending, Iran, oil, Oil Price Volatility, Oil Prices, Oil Production, Saudi Arabia, Upstream Investment
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Petropolitics

Saudi Arabia and Russia Deepen Energy Ties, Set to Continue Oil Market ‘Cooperation’

Saudi Arabia and Russia successfully collaborating on tightening fundamentals and lifting prices, if it continues, will likely have large ramifications for the global oil market in the future, given that both are in a position of strength with high production volumes and large proven reserves. Read More

topics: OPEC, Russia, Saudi Arabia
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Energy Innovation

EVs Rolling Off Used Car Lots at a Brisk Pace

As more used electric vehicles become available and the price points remain enticing, consumers will continue to show interest in snapping up used EVs. Read More

topics: Electric Vehicle Sales, Electric Vehicles, Tesla, Used electric vehicles
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Autonomous Vehicles

UPDATE: Senate Committee Approves Autonomous Vehicle Legislation

Federal preemption is the key provision of the Senate's autonomous vehicle legislation. Read More

topics: Autonomous Vehicle Policy, autonomous vehicles, Congress
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Energy Innovation

Trucks Emerging as Next Frontier for Electric Vehicles

With commercial trucks, owners are looking to save costs without compromising performance, making electrification a viable option. Read More

topics: Electric Trucks, Proterra, XL Hybrids
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Autonomous Vehicles

Breaking Down the Senate and House AV Bills

The release of the Senate's autonomous vehicle bill comes on the heels of the House overwhelmingly passing AV legislation during the summer. AVs are expected to significantly reduce traffic accidents, improve fuel efficiency, and increase access to transportation for the blind, the elderly, and the disabled. Read More

topics: Autonomous Vehicle Policy, autonomous vehicles, Congress, Senate
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Energy Innovation

Vehicle Miles Traveled and Ridesharing

Factors other than ridesharing carry more weight behind the surge in VMT. Lower pump prices, economic growth, and rising household income are underpinning increased travel. Read More

topics: Diesel demand, Gasoline Demand, Gasoline prices, Lyft, Ridesharing, Uber
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Petropolitics

Aramco’s Market Power to Grow With Expansion of Trading Unit

Saudi Arabia’s plans to buy and sell third-party crude prompt concerns about how widely Aramco will expand its trading apparatus and how it will use its market power. Read More

topics: ExxonMobil, Saudi Arabia, Saudi Aramco, Saudi Aramco IPO, Trading, Vitol
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Oil and the Economy

Analysts Diverge on the Permian’s Outlook

WoodMac sees Permian production peaking at 3.5 million barrels per day in 2021, but that forecast stands in sharp contrast to other estimates pointing to robust growth for the foreseeable future. Read More

topics: EIA, IHS, Permian, Shale, Wood Mackenzie
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Petropolitics

OPEC’s False Narrative

OPEC is trying to spin recent price developments to show that it is fostering market stability in an effort to assist both consumers and producers. But recent talk of a more balanced market creates a false narrative Read More

topics: Oil Markets, Oil Prices, OPEC, Russia, Shale, U.S. crude exports
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Petropolitics

Oil Becomes Tension Point in North Korean Sanctions

Petroleum has become a crucial tension point in the United States’ attempt to scale back North Korea’s nuclear ambitions. Read More

topics: China, North Korea, Russia, Sanctions
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Oil and the Economy

North Sea Revival Likely to Be Temporary

The North Sea is seeing a revival, thanks to lower production costs, new investment, a slight uptick in output, and newfound optimism. But it's unclear if the region's reversal of fortunes will last. Read More

topics: BP, North Sea, Oil Field Decline, Royal Dutch Shell
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Oil and the Economy

EIA’s Outlook Implies Upside Risks for Oil Prices

Although oil would surpass $200 per barrel under its high-price scenario, the EIA sees little effect in curbing demand growth. Read More

topics: EIA, Non-Opec Supply, Oil Demand Growth, Oil Prices, OPEC, Russia, Shale Oil Production