One of the major uncertainties about next year’s oil market centers on the trend in U.S. shale oil production. Because shale drilling is highly responsive to prices and wells decline sharply, producti...
Tag: petroleum price
What Next For The Strategic Petroleum Reserve?
In an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on … [+] October 19, 2022 in Freeport, Texas. (Photo by Brandon Bell/Getty Images) Getty Images The Adm...
Biden Plays The ‘Squid Game’ With The Energy Industry
SEOUL, SOUTH KOREA – OCTOBER 26: Younghee, the giant robot doll from “Squid Game”, is exhibited at … [+] the Olympic Park on October 26, 2021, in Seoul, South Korea. (Photo by ...
Warning Signs For The Next Oil Price Crash
Garden Grove, CA – March 07: High gas prices at stations on the corner of Valley View Street and … [+] Chapman Avenue in Garden Grove, CA, on Monday, March 7, 2022. (Photo by Jeff Gritchen...
Could 1979’s Oil Market Chaos Be Repeated?
Russian President Vladimir Putin (Photo by Peter Muhly – WPA Pool/Getty Images) Getty Images After the first oil crisis, many politicians pompously proclaimed that they didn’t want to see their ...
SPR Release Had A Minimal Market Impact—But Might Be Repeated
President Joe Biden. (Photo by Tom Brenner/Getty Images) Getty Images Oil price stability is in the eye of the beholder, but without question, after last year’s collapse, prices have been relatively s...