The Fuse

Oil and the Economy

Economics

OPEC Is Dead, Long Live OPEC+

There once was a time when OPEC did not need to rely on outside producers to achieve its policy goals. That time has passed. The old OPEC is dead, and OPEC+ now stands in its place. What will its reign bring? Read More

Economics

Brent-WTI Spread Narrows, For Now at Least, as North American Supply Tightens

The latest on oil prices: The forces that helped drive WTI and Brent apart have suddenly reversed course. Read More

Economics

Trump, OPEC, and the Oil Market's Razor Thin Spare Capacity

The oil market could be sorely tested in the second half of the year and into 2019, unless demand slows, OPEC outages are less than expected, or non-OPEC producers such as the United States, Canada, and Brazil produce higher than forecast. Read More

Economics

China Drives Gas Consumption, U.S. Drives Supply

Together, Australia, Qatar, and the U.S. will account for 60 percent of global LNG capacity by 2023. Meanwhile, China will dominate demand growth going forward, importing increasing volumes of LNG to replace coal-fired electricity and coal-burning furnaces. Read More

Economics

A Return of Fuel Subsidies Follows Rise in Oil Prices

The return of fuel subsidies in several emerging market countries may keep oil demand growth on track, muting the price effect on consumer behavior. Read More

Economics

Permian Bottlenecks, Labor Constraints Force Shale Companies to Look Elsewhere

With the Permian possibly falling short of expectations, the U.S. shale boom may not be the panacea to keep prices relatively low at a time OPEC is restraining supply and geopolitical risks threaten more supply disruptions. Read More

Oil and the Economy

With Inventories Low, Natural Gas Prices will Depend on Production Growth this Winter

Despite the abnormally low level of gas sitting in storage, natural gas prices have barely moved. Shale gas drillers continue to add supply, which will likely allow the U.S. to avoid a supply crunch this coming winter. Read More

Oil and the Economy

Shale Hits a Rough Patch

The industry's ability to weather current challenges will have global implications. Read More

Oil and the Economy

Big Oil's Best Quarter in Years

Higher oil prices and surging profits in the second quarter are giving them a lot more leeway, definitively putting an end to years of austerity. Read More

Oil and the Economy

As Shale Hits Roadblock, International Drilling Rebounds

For the first time since the price collapse, international drilling is finally picking up at a time when the blistering growth of U.S. shale is set to take a breather because of pipeline constraints. Read More

Economics

Battle Between Ethanol and Refiners Reaches Stalemate

The current zero-sum battle between corn states and the biofuels industry and oil refiners is not new, but it has exploded into a fierce fight over the past year as the EPA cracked open the door to a weakening of the RFS. Read More

Economics

No Surprises: Analysts Say Oil May Hit $150   

It’s not inevitable that oil prices will hit $150, but there should be no surprises if they rally to that level, or higher. Read More