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

U.S. Oil and Gas

Will Financial Stress in the Shale Sector Slow Production Growth?

Making a profit in the shale patch has been an uphill battle to begin with for many companies, but the latest crash in crude prices makes that task much more difficult. Bankruptcies could begin to rise if oil prices fail to rebound. Read More

U.S. Oil and Gas

Petroleum Engineering Enrollment is in Decline: Should Industry Worry?

The future appears bright for the nation’s new petroleum engineer graduates—except there are fewer of them entering the workforce than at any time in the last four years Read More

U.S. Oil and Gas

Will Chevron’s Anadarko Acquisition Spark a Shale Consolidation Wave?

Given the oil industry’s capital-intensive nature, and the difficulty of smaller producers to profit from operations, investors are hopeful that the long-anticipated wave of consolidations will be sparked by the Chevron-Anadarko deal. Read More

U.S. Oil and Gas

Is An Oil Supply Crunch Looming?

The dramatic slimming down over the past half-decade by the oil and gas industry has led to a steep drop off in spending, exploration and final investment decisions on new projects—raising the possibility of a supply crunch in the early 2020s. Read More

Oil and the Economy

Permian Problems Spark Shale Interest Elsewhere

However, it isn’t clear that newfound interest in a variety of shale plays outside of West Texas will prove durable. Read More

OPEC/MENA

Trump Tweets, Fuel Economy and the Military Cost of Oil Dependence

The United States spends at least $81 billion every year protecting the global free flow of oil. Read More