The age of the electric vehicle (EV) will be here sooner than you think. Out of 1 billion cars in the world, only 2 million are electric. But that will soon change, as costs diminish, and more governments encourage the […]
Author: OilPrice
Lithium War Is About To Begin
It’s the modern gold rush. Around the world, the most sought-after mineral isn’t a precious metal, nor is it oil and gas…it’s lithium. Lithium, or “white petroleum” as some call it, has become a crucial element in today’s high-tech economy. […]
World’s Biggest Investors Have Lost $436 Billion In 2018
Wall Street is shocked, but it shouldn’t be: Tariffs targeting China should have been a given, and now the market’s tanking on trade war fears as if it just crept up on everyone, but Trump’s been very clear on this. […]
Oil Market Great Fears: War, Default And Nuclear Weapons
The U.S. is one of the few areas of the world in which there is an energy investment boom underway, a development that could smooth out the uncertainties of geopolitical events around the world. At the same time, outside of […]
Oil Prices Ravaged By Financial Turmoil
Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. The steady decline of the U.S. dollar has helped drive up crude prices for weeks, but that came to an […]
Can The US Shale Boom Avoid These Bottlenecks?
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of […]
Why Is The Shale Industry Still Not Profitable?
Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers […]
What Could Push Oil To $100?
If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 million bpd, and says […]
The One Indicator OPEC Must Watch
“We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended months of speculation last week when it decided to extend […]
Meet The World’s Most Powerful Bitcoin Backers
Cryptocurrency may be one of the biggest threats to governments, security and the entire financial system that we’ve ever seen. It can help fund terrorism and its anonymity makes it almost impossible to track. Most importantly, it is poised to […]
