Tag Archives: OPEC

My, How Things Have Changed

By Keith Reid I first started reporting on the petroleum industry in 1999. At that time, the conventional wisdom was fairly well established. The United States would never again be a major oil producer. Demand for refined products, particularly gasoline, would continue an inexorable increase. Conventional oil throughout the world would become scarce. Prices would continue to rise upward. That ...

Read More »

Heating Season Fuels Outlook Update

A significant development has occurred since we released last month’s Heating Season Fuels Outlook for 2014—a crack has appeared in OPEC’s price support wall. Historically, a lack of long-term discipline in OPEC was the order of the day for many years. Regardless of a commitment to hold prices at a certain level, invariably a member (often Venezuela) would decide to ...

Read More »