The Demand for Oil & Gas Will Continue to Rise
Compared to the energy shocks during the year 1970, the world is less dependent on oil today. However, the Russia-Ukraine war is stark evidence that the world economy is largely...
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International Events Could Keep Oil Prices Remain Above $100 For Months
The US Energy Information Administration (EIA) forecasted that the price of oil will remain higher than $100 per barrel in the coming months. These announcements could impact energy markets, particularly the increase in oil...
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Prices of Oil Surge Above $100 per Barrel
On Thursday, February 24, Brent crude jumped to more than $100 per barrel for the first time in more than seven years. Additionally, the U.S. West Texas Intermediate crude soared to as...
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Oil and Gas Valuation Methods
The energy industry is composed of oil and gas, nuclear, utilities, coal, as well as alternate energy firms. However, for many, it’s the oil and gas exploration, drilling, and refining...
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Drilling Economics are “The Best in Years”
An extraordinary mixture of factors has been brewing within the world energy markets, and the shortage in global energy supplies is spilling into the oil market. This Reuters article highlights some current conditions which is...
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Biden’s Energy Policies Resulted in Rising Oil Prices
The Biden Administration has already made a profound impact on the industry of oil and gas and has contributed to the rising of oil prices, even after merely a month...
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Hydraulic Fracturing Has Made the United States a Major Oil Producer
Fracking, the common term for hydraulic fracturing, has boosted U.S. domestic oil and gas production significantly, reducing the need for America to rely on import oil. This decrease coincides with...
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Forecasting the Price of Oil
Crude oil is a naturally occurring petroleum product extracted from oil wells and is a mixture of gasses and liquids, organic materials, and hydrocarbon deposits. As an essential source of...
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Oil and Gas and the Global Economy
Undeniably, oil remains to be one of the most important commodities worldwide. When converted into petroleum, it is the main energy source used in planes, vehicles, heating, electricity, and asphalt....
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The Role of Oil Inventories on the Crude Market
Oil prices, as well as the balance of supply and demand in the crude oil market, is influenced by oil inventories. One of the fundamental concepts of economics is the...
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