North Korea and its effect on oil price

Deja vu. The more things change, the more they remain the same, don’t they? Take North Korea, for instance. If the ascension of Kim Jong-un promised change, it -alas- wasn’t meant to be. A liberal education in the West or the luxury of a younger age or passion for modern gadgets couldn’t nudge Kim Jr. to lead his country to modernity. Forget […]

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Source: Oil Price News

    

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Natural Gas Trucks – has the time come?

It’s as official as it can get. There’s a shale boom scampering around the country. At the heart of it, there’s cheap Natural Gas. Obviously, can the Natural Gas trucks be far behind? And, the truck operators are asking – should one be a luddite and sneer at the trucks running on Natural Gas or embrace them before it’s too late? After all, […]

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Source: Oil Price News

    

adminNatural Gas Trucks – has the time come?

Crude Oil and the Syrian Conflict

Noticed something whirring overhead? Must be the smell of drama. It seems that the Arab countries are willing to fund the entire operation of any U.S. military adventure in Syria. Says, Secretary of State John Kerry, “That’s how dedicated they (Arab Gulf states) are at this. That’s not in the cards, and nobody’s talking about it, but they’re […]

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Source: Oil Price News

    

adminCrude Oil and the Syrian Conflict

What sets Oil Prices?

Did you ever wonder what makes the price of oil move and why movements in the price of oil don’t always feed through to the gas station’s prices? Who decides the price of oil and how do all the oil businesses in the world hedge against sudden movements in the price? Although there are well known oil price indices in the world, the mechanism that […]

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Source: Oil Price News

    

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Partial Lift of Crude Oil Export Ban

Back in February 2014, oil-price.net posted an astonishing report on the US government’s trade restrictions on its own oil industry. While other governments protect their home industries and give preference to their own national interests, by a convoluted path of logic, successive administrations in the US stymied the producers of crude oil in […]

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Source: Oil Price News

    

adminPartial Lift of Crude Oil Export Ban

Oil boom but infrastructure woes?

The much ballyhooed story of energy independence in the US is almost here, thanks to shale oil production from Texas and North Dakota. Also in the picture, there’s the growing production from Canadian oil sands. From being hugely dependent on overseas supply, the US has come a long as it sources almost 66 percent of its crude oil from North […]

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Source: Oil Price News

    

adminOil boom but infrastructure woes?

Oil Price Fall Threatens US Oil Production

A falling oil price is good for the US consumer and good for the US economy. Transport costs feed into the price of every physical product, so if oil gets cheaper, everything gets cheaper. If the oil price falls too far, however, the USA’s recent fracking boom will come to an end. Forces are at play to end the USA’s projected energy […]

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Source: Oil Price News

    

adminOil Price Fall Threatens US Oil Production

Oil Price Drops on Oversupply

In June of 2014 the Brent Crude Oil Price hit $115 per barrel and many oil market insiders were predicting higher prices. Other analyst however, called a peak, and their predictions proved to be correct. By the beginning of October 2014, the Index dropped to $95 and predictions of further falls down to $90 or even $80 hold sway. What […]

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Source: Oil Price News

    

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ISIS creates an oil shock, but why?

Followers of international politics were mostly taken by surprise early this month, when a hitherto unreported rebellion in Iraq suddenly threatened to shake the world’s oil markets. Throughout the year, the newspapers of the Western world were focused on Syria, then the Ukraine. No one seemed to have their eye on Iraq. Where did these Iraqi […]

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Source: Oil Price News

    

adminISIS creates an oil shock, but why?

Falling Oil Price slows US Fracking

Recent falls in oil prices alter the financial dynamics of oil extraction. Certain sources of oil entail lower costs than others. For example, conventional pumped oil extraction in high pressure onshore wells costs relatively little to set up and operate, whereas remote oil fields beneath icy seas require specialized equipment and override wages […]

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Source: Oil Price News

    

adminFalling Oil Price slows US Fracking