for Oil Dependence
The Dakota Access pipeline shutdown could remove 570,000 barrels per day of takeaway capacity from the Bakken shale formation.
A growing number of analysts argue that the worst is over for oil, but demand remains substantially lower.
Oil prices have risen ahead of the next OPEC+ meeting, but OPEC-Russian coordination is far from assured.
In addition to oil, energy dominance should harness the diversity of fuels the United States has to offer and use them all to power our transportation sector.
As the coronavirus continues to hit oil demand, pressure has grown on OPEC+ to respond.
Amid weaker demand and chronic oversupply, U.S. shale is facing fundamental questions about its longevity.
The supply risk is far from over despite de-escalating Iran-U.S. tensions, but the price retreat reflects a world still awash in oil.
Global supply outages stand at exceptionally high levels—even as Brent struggles to stay above $60 per barrel.
The immediate impact of Abqaiq may have been minor, but the long-term lessons from this incident are bound to become more clear with time.
Saudi Arabia's veiled threat to leverage its oil production, in response to widespread outrage over the fate of Jamal Khashoggi, serves as a reminder of the kingdom's power over the global economy.