for Oil Prices
The oil market’s vulnerability and dependence not just on a single country, but on a single facility, was laid bare on September 14.
Persistent pipeline construction delays continue to hamper the ability of Canada's oil industry to move oil to market.
As the IMO 2020 deadline approaches for ships to use fuels with lower sulfur concentrations, the market for heavy oil is taking a hit.
Even as markets steady, the stronger U.S. dollar remains a headwind for both crude oil and the global economy.
OPEC has few choices at its disposal to manage the swelling oil market surplus, most of which are unpalatable.
Past experience can offer some guidance, but by every indication the global oil industry is heading into a new age, with unpredictable consequences.
U.S. oil exports recently hit new highs with a record number of export destinations, but shale's recent woes mean continued success is not guaranteed.
Weaker demand has allowed traders to shrug off recent events in the Persian Gulf. But a belief that a return to the days of the tanker war is unlikely may be misplaced.
An extended period of lower commodity prices will continue to weaken earnings outlooks, making the prospect of merging with—or acquiring—E&P companies more attractive.
The top forecasters for the oil market have repeatedly downgraded their estimates for demand. Absent a turnaround in global growth, the pitfalls for the oil market may only grow worse.