The Fuse

Oil and the Economy

Economics

Peak Demand Would Not Crash the Oil Industry

If oil demand were to peak, the industry would likely see a good bit of consolidation, but the situation would not bring about a collapse. Read More

Economics

New Shetland Islands Oil Discovery to Revive Production in UK Waters?

Production in UK waters has struggled to compete against cheap oil in the Middle East, lower risk and short-cycle U.S. shale, and even expensive offshore oil fields in relatively less explored places like South America, West Africa or the Eastern Mediterranean. Read More

Economics

Exxon to Open Up New Frontier in Guyana Despite Geopolitical Friction

Even as ExxonMobil sharply increases spending on shale this year, it has also prioritized one major project in particular—a drilling prospect off the coast of Guyana. Read More

Economics

The Oil Market’s March Madness

Despite shale’s resurgence, there are questions about how healthy the U.S. E&P sector is in light of higher price levels since November of last year. Read More

Economics

CERAWeek: A Short List of Contradictions

Although the world is still in the midst of a seemingly perpetual glut, does a supply gap loom? Is peak oil demand imminent? Why is OPEC praising shale and meeting with hedge funds? Read More

Economics

Beyond Shale & OPEC: Canada, Brazil to Add New Supply This Year

While growth in shale has garnered a lot of attention, overlooked is the fact that Canada and Brazil are expected to add a combined 2 mbd over the next five years. Read More

Economics

CERAWeek: A Short List of Contradictions

Although the world is still in the midst of a seemingly perpetual glut, does a supply gap loom? Is peak oil demand imminent? Why is OPEC praising shale and meeting with hedge funds? Read More

Economics

U.S. Oil Sector Back from ‘Brink of Extinction,' Total Boosts Investment

The U.S. oil and gas sector is very upbeat with prices above $50 per barrel, but one CEO warns that the industry must manage its growth or the market could collapse again. Read More

Economics

IEA: Get Ready for a Price Spike

Despite continued rapid growth in U.S. shale, the global oil market could see price spikes and increased volatility at the beginning of next decade. Read More

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