Tesla's Model 3 marks a milestone in the EV industry that could shave off 300,000 barrels per day in gasoline demand in the U.S. by 2035.
This year is proving that strippers are much tougher than many analysts gave them credit for.
There is a growing body of evidence that fracking can be directly linked to an increase in seismic activity.
Speculation can boost prices only to a certain extent in the short-term, eventually market forces will take over.
China has been busy stockpiling its oil reserves since the collapse of prices to $20, this is acting to ease the glut and shows China’s power to influence the oil price bottom
Advertisement
The recovery of Canada's oil industry will be unlike any before.
Nigeria is losing 400,000 barrels of crude daily to pirates in the Gulf of Guinea.
U.S. gasoline demand is at a record high for this time of year, but oil production is falling.
Soft demand for oil in China over the past year or so has led to a protracted recovery of prices.
Last year, Iraq was the fastest growing oil supplier in OPEC and it will likely retain that title this year.
Advertisement
The IPO is being talked about as a way for Saudi Arabia to raise funds in a time of continued low oil prices.
Europe is considering sending security experts to Libya hoping to address the problem of smuggling people to Europe.
Saudi Arabia knew that Iran would not participate in the meeting.
Analysts argue that as more firms go bankrupt the oil markets will rebalance themselves.
The country is attempting to re-stake its claim to oil-based power
Meta: {"__typename":"TimeAuthorPageMetadata","title":"Oilprice.com | TIME","description":"Read the latest stories by Oilprice.com on Time","path":"https://time.com/author/oilprice-com","showScaleAiChat":true,"openGraph":{"__typename":"OpenGraphMeta","title":"Oilprice.com | TIME","description":"Read the latest stories by Oilprice.com on Time","url":"https://time.com/author/oilprice-com","type":"website","siteName":"TIME","images":[{"__typename":"OpenGraphImage","height":"300","url":"https://time.com/wp-content/themes/time2014/img/time-logo-og.png","width":"300"}]},"twitter":{"__typename":"TwitterMeta","title":"Oilprice.com | TIME","description":"Read the latest stories by Oilprice.com on Time","site":"@TIME","url":"https://time.com/author/oilprice-com","card":"summary_large_image","images":[{"__typename":"TwitterImage","url":"https://time.com/wp-content/themes/time2014/img/time-logo-og.png"}]},"pinterest":{"__typename":"PinterestMeta","url":"https://time.com/author/oilprice-com","description":"Read the latest stories by Oilprice.com on Time","media":"https://time.com/wp-content/themes/time2014/img/time-logo-og.png"},"fb":{"__typename":"FacebookMeta","app_id":"991230477954201","pages":"10606591490"}}