The Fuse

Oil and the Economy

Economics

Oil Majors Look to Smaller, Shorter-Cycle Shale Drilling

Exxon and other oil majors are still giving the green light to a handful of complex and risky but potentially highly profitable projects offshore, while at the same time increasingly shifting more resources into safer, smaller-scale shale drilling. Read More

Economics

U.S. Shatters Record in Gasoline Consumption

A combination of an extended period of low prices, consumers buying larger vehicles, and strong economic growth has caused demand to soar since it reached its nadir in 2012. Read More

Economics

Bullish Sentiment Collides With Record Inventories in Oil Futures Market

If fundamentals weaken and oil market sentiment shifts, a sharp price correction is likely once investors liquidate their long positions. Read More

Economics

Despite High Imports, U.S. Crude Exporters Gain Market Share in China Amid OPEC Cut

What gets overlooked sometimes in the discussion on U.S. crude exports is that the country is still importing more than 8 million barrels per day. Read More

Economics

Forecasters Raise Global Oil Demand Estimates for 2017

The reasons for the positive demand revisions come from every region of the global oil market, with stronger economic activity the main reason for the more optimistic outlook. Read More

Economics

Trump Administration Repeals Disclosure Requirements for Oil Companies

The oil industry opposed the disclosure requirements, arguing that the rules are onerous and costly while putting American companies at a disadvantage in the international market. Read More

Economics

Bullish Sentiment Collides With Record Inventories in Oil Futures Market

If fundamentals weaken and oil market sentiment shifts, a sharp price correction is likely once investors liquidate their long positions. Read More

Economics

Despite High Imports, U.S. Crude Exporters Gain Market Share in China Amid OPEC Cut

What gets overlooked sometimes in the discussion on U.S. crude exports is that the country is still importing more than 8 million barrels per day. Read More

Economics

Trump Administration Repeals Disclosure Requirements for Oil Companies

The oil industry opposed the disclosure requirements, arguing that the rules are onerous and costly while putting American companies at a disadvantage in the international market. Read More

Economics

Charts Highlighting Job Potential in Oil and Transportation Sectors

SAFE's Fact Pack summary for Q4 looks at recent trends in oil market fundamentals and transportation while also focusing on how American innovation can help job growth in the transportation and domestic energy sectors, a key development that will lessen the country’s dependence on OPEC imports. Read More

Economics

Oil Majors Take Major Hits in Q4, But Worst May Be Over

Oil majors are now cash flow neutral with oil prices trading around $50 per barrel, a milestone achieved after relentless cuts to spending and payrolls over the past couple of years. Read More

Economics

U.S. Rig Count Soars, Helps Temper OPEC Cuts

While U.S. crude production hasn’t fully recovered, it has increased by more than 300,000 b/d since September to average just under 9 million barrels per day. As a result, the OPEC-fueled boom in prices has stalled for the time being. Read More