There are many factors influencing oil prices, but the immediate cause can be distilled down to record levels of crude oil in storage.
The newest BP Statistical Review shows that demand for oil has never been higher, despite continued exponential growth in electric vehicle sales.
President Trump’s recent decision to pull out of the Paris climate agreement is short-sighted and may have significant ramifications for the U.S.
Last month the Energy Information Administration reported that retail gasoline prices heading into Memorial Day weekend averaged $2.40 per gallon nationally. This marked the second-lowest price ahead of the Memorial Day weekend since 2009. The EIA included […]
What’s it like to be an oilfield worker in the Bakken in North Dakota? I spoke with someone who provides a firsthand account.
Note: This article originally appeared on Forbes. OPEC’s 172nd ordinary meeting will take place next week in Vienna, Austria. At that meeting, the cartel will decide whether to extend crude oil production cuts that were […]