This article reevaluates Opec’s power to control the global oil market and focuses on a political scientist’s research that suggests the cartel’s strength has been overblown for years. “But a closer look at OPEC’s real influence over the oil market suggests that we’re making a huge mistake about its global power, says Brown University political… Keep reading →
Surging US oil production is impacting trade flows and price differentials more than global supply levels and benchmark pricing according to analysis from the Oxford Institute for Energy Studies. But that could change over the longer term as backed out West African crudes play a larger role in Brent price formation. “While the USA largely… Keep reading →
Shell made big news when it announced plans to construct an ethane cracker in 2011 and subsequently chose to site the plant in Pennsylvania. Recently-announced capital expenditure cutbacks could impact plans to move forward with the project, but nothing has been officially announced. With Marcellus shale gas production surging, the plant would crack ethane produced… Keep reading →
