Filed in Oil Prices
Sunday, February 01, 2015
Since 2011, domestic oil production has increased by 4.5 million barrels per day (bpd), and over the last 12 months alone production has increased by 1.4 million bpd. Meanwhile, Russian production hit a post-Soviet era high in November, and oil exports from Iraq are growing at a record pace.
Thursday, January 08, 2015
Join our panel of leading economic and transportation analysts as they share their exclusive insight on where rates are headed and the issues that will be driving those rate increases over the next 12 months.
Monday, December 01, 2014
The biggest oil and fuel market story of 2014 was the 30+ percent decline in global crude oil prices experienced in the second half of the year. West Texas Intermediate (WTI) spot prices fell from just under $110 to $74 per barrel—a level not seen since the global recession cut a whopping 6 percent from global consumption back in 2009. This price decline has come largely at the hands of surging U.S. oil production and the fact that global demand has lagged due to significant deceleration in the growth rate of Chinese demand.
Monday, June 23, 2014
IHS Energy experts say oil markets have turned their attention squarely to Iraq and the fast-moving attacks of the Islamic State in Iraq and Syria (ISIS). The impact on global supply chains has yet to be measured.
Posted on 06/23 at 10:01 AM
Oil Prices •
Sunday, June 01, 2014
An analysis of natural gas storage volumes strongly suggests that natural gas prices will rise significantly towards the end of the year; and as they rise, so too will the price for CNG and LNG.
Saturday, March 01, 2014
Natural gas prices have risen 40 percent to over $6 per thousand cubic feet (Mcf) since the beginning of the year. As a regular reader of this column, rising prices should come as no surprise. In July of last year, when the price was just $3.52 per Mcf, I predicted that prices would rise to between $4.00 and $4.25 per Mcf by the end of the year.
Saturday, February 01, 2014
In Lewis Carroll’s hallucinogenic novella, Through the Looking Glass
, the Red Queen explains to Alice that she too can become a queen by reaching the opposite side of the playing board. But Alice, who has been running as fast as she can, finds that, despite her efforts, she remains in the same spot.
Wednesday, January 01, 2014
Interest in alternative fuel vehicles skyrocketed in 2013, with successful pilot programs for compressed natural gas (CNG) and liquefied natural gas (LNG) trucks being deployed in both private and for-hire truck fleets.
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Tuesday, October 01, 2013
The natural gas market outlook has been a frequent topic covered in this column over the last two years. Over this time, I have consistently argued that although natural gas is abundant, natural gas prices will inevitably rise because the costs of production do not support the “glut” prices that have resulted from the fracking boom.