The Fuse

Petropolitics

Economics

Are Recent U.S. Crude Draws the Result of a Normal Seasonal Decline or a Delayed Effect of OPEC’s cut?

Crude stock draws are not out of the ordinary for this time of the year, but it appears that some OPEC members restricting supply has begun to bite the U.S. market. Read More

Economics

Do Foreign-Owned Refining Assets Undermine U.S. Energy Security?

The possibility that Russia may soon own refineries in the U.S. if Venezuela’s PDVSA defaults on its loans from Rosneft has pushed the risks of foreign-owned energy assets in the U.S. into the spotlight. As of now, some 30 percent of U.S. refining capacity is owned by foreign companies. Read More

OPEC/MENA

Venezuela-Russia Deal Threatens U.S. Energy Security

In the event that Venezuela defaults on its loan to Rosneft, the Russians would assume control of critical U.S. energy infrastructure. Read More

Economics

Key Takeaways from IEA’s Investment Report

Electricity and renewable investments fell modestly last year, but the lower price environment over the past three years has taken a particular toll on upstream oil and gas outlays. Read More

OPEC/MENA

Trump vs. ISIS Oil

It’s clear that nothing is off-limits now and Tidal Wave II has gone into overdrive under President Trump. Read More

OPEC/MENA

Groundhog Year for OPEC

It’s groundhog year for the OPEC cartel, which has been unable to structurally shift fundamentals and prices in its favor since the price collapse in mid-2014, and it is reliving its catch-22 scenario with competing producers. Read More

OPEC/MENA

Death by a Thousand Cuts

Markets are shrugging off OPEC headlines, with prices weakening and hedge funds liquidating long positions. The cartel may be missing the mark on its stated longer-term goal of stabilizing the market and preventing a catastrophic correction. Read More

Petropolitics

Russia Ramps Up Arctic Ambitions Despite Low Prices

The Arctic’s strategic importance to Moscow helps explain why Russia is moving ahead so aggressively in the region while the economic case for doing so is questionable Read More

OPEC/MENA

Venezuela’s Economic Upheaval Alters Oil Trade Flows

The economic calamity in Venezuela is having a ripple effect on the oil market, altering long-standing trade flows and hollowing out the country’s oil-producing assets. Read More

OPEC/MENA

A Kingpin’s View of OPEC Compliance

Between now and OPEC's next meeting in May, much more must be done in order to make sure the cuts are fairly distributed, slackers come around, and non-OPEC members stick to the deal. Read More

OPEC/MENA

Russia Poised to Meet Its Production Cut Pledge Next Month

The biggest questions at CERAWeek this year is whether OPEC and its non-OPEC counterparts will recommit to throttling back in May and whether U.S. shale can fully offset these cuts and push down prices. Read More

OPEC/MENA

Traders Mixed on Outcome of Upcoming OPEC Meeting

OPEC, along with Russia, will take another stab at figuring out a strategy to support prices at an informal meeting in Algiers next week, and traders are split on what the outcome will be. Read More