The Fuse

Oil and the Economy

Economics

New Benchmark Will Likely Succeed Over Time, Give China More Market Power

Beijing’s motivations for establishing a crude oil benchmark are complex, with economic, domestic, and geopolitical considerations taken into account. China’s drive for the contract to flourish will be persistent, giving it a greater chance of long-term success. Read More

Economics

Oil Majors to Thrive as Market Enters a Period of ‘Restraint’

The current environment is ideal for the oil majors: Lower production costs, consolidation, and cautious spending allow them to post massive returns. Read More

Economics

Blockchain and Oil Trading

Incumbent firms in the energy sector, such as oil majors and commodity merchants, are experimenting with blockchain technology, and see it as a disruptive data solution that will alter the logistics of oil trading. Read More

Economics

Crosspost: Why Fuel Economy Standards Matter to U.S. Energy Dominance

Lost in the albeit important discussion of the environmental benefits of CAFE is the pivotal role that they have played in reducing U.S. oil consumption and putting the nation on a path to making the rare transition from being a net importer of oil to being a net exporter. Read More

Economics

Can the Oil Industry Continue to Lower Decline Rates at Mature Fields?

Because of lower spending levels, oil companies have injected more resources into existing oil fields, rather than greenfield projects, particularly ones with long lead times. Read More

Economics

U.S. Energy Security Problem Is Not Solved

Some commentators argue that due to the rapid rise in shale production, reliance on petroleum is not a national economic and security threat. But oil dependence remains a strategic vulnerability for U.S. consumers and businesses. Read More

Economics

Caution Over Optimism on Shale Production

Circumstances in the oil markets are expected to change, perhaps dramatically, early next decade. While U.S. production is expected to grow by a massive 2.5 Mbd in 2018-19, increases will thereafter slow considerably. Read More

Economics

Key Takeaways from CSIS Shale Event

The divergence in shale forecasts stems from differences over macroeconomic assumptions, price expectations, the supply chain outlook, and productivity projections. Read More

Economics

New Discoveries, Cost Reductions Spur Deepwater Interest

A series of recent deepwater discoveries has demonstrated that the offshore oil sector is beginning to rebound after years of subdued activity, despite increasing interest in onshore shale drilling. Read More

Economics

Efforts to Reduce SPR Are Misguided

Dealing with the country’s energy security vulnerabilities requires sustained and targeted involvement by the federal government. The SPR plays an important role in insulating the U.S. economy from a volatile and unpredictable global oil market Read More

Economics

Automation, Big Data Improve Shale Efficiency, Alter Jobs Outlook in Oil & Gas Sector

Since the price downturn, companies have prioritized digital technologies, artificial intelligence, automation, robots and drones, connectivity, and data analytics in their budgets. Read More

Economics

Oil Majors’ Earnings Disappoint on Shrinking Refining Margins

Fourth-quarter earnings significantly missed expectations, but they do not necessarily negate the broader improving trend for the oil majors. Read More