The Fuse

Oil and the Economy

Economics

LNG Markets Remain Oversupplied, But Industry Confident for the Long Run

The glut of supply could last years, threatening to keep prices low until the 2020s, but the oil majors are playing the long game, expecting the demand for gas to grow substantially over time. Read More

Economics

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

Economics

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

Economics

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

Economics

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

Economics

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

Economics

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

Economics

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

Economics

Fights Break Out at Gasoline Stations in Texas, Florida

Like a scene out of the movie Zoolander, fights have occurred at gasoline stations in hurricane-affected areas. Read More

Economics

Brent-WTI Spread Widens, But U.S. Exports Keep It In Check

The spread between benchmarks Brent and WTI has widened recently, a reflection of a sharp increase in U.S. shale production this year at a time when OPEC is cutting back. Read More

Economics

Colonial Pipeline Shutdown and SPR Release Highlight Ongoing Energy Security Risks

Outages from Hurricane Harvey and the subsequent price volatility provide a reminder that despite the enormous changes on the U.S. supply side over the past decade, the country is still dealing with energy security vulnerabilities. Read More

Economics

Hurricane Harvey Takes Aim at U.S. Refining Sector

Harvey’s effects on the nation’s energy infrastructure are wide-ranging, forcing a large swath of refining capacity to shut. Read More