The Fuse

Oil and the Economy

Economics

Weaker Dollar Hurts Purchasing Power of OPEC Countries, Helps Shale

The weaker dollar has large implications for oil-exporting countries, particularly those in OPEC, as it cuts their purchasing power. Read More

Economics

Investment in Canada’s Oil Sands Declines, But Production Still Poised to Grow

Upstream investment in new projects in Canada’s oil sands has declined by two-thirds since the oil market downturn in 2014, and there is no guarantee spending will rebound. Read More

Economics

Oil Majors Set for Big Profits in 2018, But Capex to Rise Only Slightly

The oil majors are expected to post $80 billion in organic free cash flow in 2018, but spending is expected to be modest. Read More

Economics

Crosspost: How Will China's Crude Futures Benchmark Impact Global Oil Markets?

SAFE's Matt Piotrowski talks to Platts Capitol Crude about China’s motivations behind its crude futures contract, what its chances are for success, and why it matters for U.S. consumers and American energy security. Read More

Economics

Tough Sell: A Cryptocurrency Backed by Oil

The current moment is a questionable time to launch a new cryptocurrency. Beyond the current collapse in value, other vulnerabilities have emerged: Young markets mean that blockchains are highly vulnerable to being compromised. Read More

Economics

Spending Declines, Low Discoveries Prompt Worries About Long-Term Oil Supply Outlook

Total capital and exploration spending on global oil and gas will likely bottom out in 2018, and investment may not recover to levels seen before the 2014 market downturn until the mid-2020s. Read More

Economics

Spending Declines, Low Discoveries Prompt Worries About Long-Term Oil Supply Outlook

Total capital and exploration spending on global oil and gas will likely bottom out in 2018, and investment may not recover to levels seen before the 2014 market downturn until the mid-2020s. Read More

Economics

Strong Growth in Natural Gas Supply to Cap U.S. Prices Despite High Demand, Exports

Despite recent bullish developments and the sharp increase in LNG exports, the U.S. natural gas market is expected to remain well supplied throughout 2018. Read More

Economics

Trump Administration Proposes Large Expansion of Offshore Drilling

As offshore drilling is expanded, it is important that companies and regulators maintain the most rigorous performance, safety, and environmental standards. Read More

Economics

Rising Production and Higher Prices Don’t Resolve Shale Sector’s Woes

The expected boom in shale output masks a list of underlying problems that confront the sector. Most companies are still not generating positive cash flow and remain highly dependent on borrowing from the debt markets. Read More

Economics

GOP Tax Bill Opens Area 1002 in ANWR for Drilling

Proponents of drilling in ANWR say that the potential of Area 1002 is enormous, and oil from the region will be an important supply source to improve the country’s energy security. Read More

Economics

Top Oil Market Developments in 2017 & Key Uncertainties for 2018

Oil markets surprised this past year with higher-than-anticipated prices, & next year will likely bring even more unanticipated events and volatility. Here are some of the top market developments of the past year and key issues for 2018. Read More