The US became a net-exporter of oil products like gasoline and diesel fuel in 2011 for the first time since 1949 and oil product exports have steadily increased since that point. US refiners found a new lease on life – after several East Coast refinery closures – by purchasing Bakken crude at a discount to… Keep reading →
Classic economic theory says markets behave rationally, but the global oil market is largely an exception where emotion and politics can influence price formation as much as supply and demand. While various actors like Opec and consuming-country governments can impact prices to a certain extent, price movement in the modern oil business is bound by… Keep reading →
Steams rises from the Kawasaki natural gas power station in Kawasaki city, Kanagawa prefecture, south of Tokyo on August 25, 2011.
Japan’s Fukushima disaster, with the subsequent shutdown of most Japanese nuclear power plants, mean US exports of liquefied natural gas (LNG) to Asia will be profitable to 2020 – but maybe not beyond. Keep reading →
