Tags » Oil Consumption

Yes, OPEC gave you low gasoline prices. And they can take them away just as easily.

You might read in the news that OPEC (Organization of Petroleum Exporting Countries) has lost its power to maintain prices because of the shale revolution in US oil production. 397 more words

Industrial Energy

World Crude Oil Production and the Oil Price, August 2015

In this post I present some of my observations and thoughts about the developments in the oil price, supply and demand, exchange rates (relative to the US dollar), petroleum stocks and what near term factors are likely to influence the oil price. 1,714 more words

Oil Price