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Giving Thanks for Low Thanksgiving Gas Prices
Gas prices hit new lows in time for the Thanksgiving holiday, at least compared to last year’s prices and Thanksgiving prices since 2010, according to the U.S. Energy Information Administration, or...
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Sanctions on Iran Leave OPEC’s Production Balance Uncertain
Sanctions against Iran in the oil production industry are making future market predictions just that much more complex. Near the end of November, President Obama made his intentions clear to continue...
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OPEC Keeps Production Levels and Dismisses Shale “Scarecrows”
Source: http://www.flickr.com/photos/23165290@N00/ Oil ministers from Organization of the Petroleum Exporting Countries (or, OPEC) member countries see no reason to temper oil production in 2014....
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As Demand for Oil Drops, Worries Rise for Debt-Heavy Companies
Source: Getty Images Weak global oil demand is keeping a lid on prices, according to a new report from the International Energy Agency (IEA), and that’s bad news for companies carrying a lot of debt....
View ArticleOil Production Aside, the Middle East Still Matters
Labor demonstrations in eastern Libya have forced the closure of a key port for nearly a week. A small band of protesters have created big problems for the country as it tries to chart a sustainable...
View ArticleHere’s Why U.S. Energy Independence Doesn’t Mean a Thing
Libyan oil production is at its lowest level since the onset of civil war in 2011. In Iraq, oil production is down below the 3 million barrel mark for the first time in five months. Much of the region...
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It Wasn’t Weather That Pushed Crude Futures to 4-Month High
While oil prices rose on both sides of the Atlantic on Thursday, brushing a four-month high on concerns that escalating violence in Egypt could affect the Suez Canal, oil and gas producers in the Gulf...
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Syria Is Barely a Blip on the International Oil Market
Source: http://www.flickr.com/photos/ollesvensson/ The International Energy Agency said last week it was staying on the sidelines despite the recent spike in crude oil prices. Brent prices are up more...
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The Era of Cheap Gasoline Is Over
Motor group AAA reports the national average for a gallon of regular unleaded gasoline for Wednesday was $3.50, down more than 30 cents from the same time last year. Refiners are starting to switch to...
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What’s the Key to U.S. Energy Security?
The United States could become nearly self-sufficient in oil within the next decade. Oil production from Texas, North Dakota, and other shale-rich states means the country is less reliant on foreign...
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