What booms, must ultimately bust: How the boom/bust oil cycle works
Today we’re going to take a look at the boom/bust cycle infamous within the oil industry, and how it helps — and then hurts — state economies. Read more →
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Oil hits 16-month high in buying rush after OPEC agreement
Crude rose above $55 a barrel to hit a 16-month high on Monday as rising prospects of a tightening market after last week’s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices.
OPEC has kept oil markets on a roller coaster — and that’s not likely to change
Oil traders hung on OPEC’s every word in 2016, and this year the market could be in for more of the same.
Here’s why the OPEC oil rally is likely to be short-lived
The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United States.
GM’s ready to lose $9,000 a pop and chase the electric car boom
General Motors Co. stands to lose as much as $9,000 on every Chevrolet Bolt that leaves a showroom once the all-electric subcompact starts rolling out. Sounds crazy, but the damage makes perfect business sense under the no pain, no gain policy driving the electric-vehicle boom in the U.S.
Fmr. Shell Oil president on what OPEC deal means for the U.S.
Former Shell Oil President John Hofmeister on the fallout from OPEC to cut crude oil production.
EPA boosts required 2017 ethanol volume above expected level
Despite pressure to lower the amount of ethanol blended into the U.S. fuel supply, the Environmental Protection Agency (EPA) has boosted its proposed ethanol volume for 2017.
Toyota chief shifts gear, to boost electric vehicle division
Toyota Motor Corp on Wednesday appointed its president to lead their newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.
OPEC agrees to cut production in drive to end record glut
OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut — and prove the group’s credibility — brought its first cuts in eight years
The future of OPEC: it won’t die, but it will become a different animal
Regardless of the outcome of the meeting on 30 November, the future of OPEC looks uncertain. The organisation is facing a perfect storm, squeezed as it is between the revolution in shale oil, which has increased global supply and brought down prices, and the prospect of a global peak demand, and falling costs of alternatives.
