With the decline in the price of LNG declining so much this does have some added benefits for the vessels that run on LNG as a fuel that are the link between buyers and sellers of the gas.
I guess it is the good and bad of it all as the cost to transport the LNG is lower … Read More...
The oil industry for the past couple of years was seeing some level of stability in the range of $100 a barrel. The companies that hedged at that price have secured their revenues now that oil has fallen to about $50 a barrel.
Purchasers who hedged would be the real losers, as they felt that they would have … Read More...
Aside from the abundant supply of oil in the market, there are speculations that the oil prices have fallen below the $100 per barrel mark due to political reasons.
There are rumors that in September, the US secretary of state John Kerry struck a deal with King Abdullah of Saudi Arabia to sell crude below the prevailing market … Read More...
There have been reports that the oil price slump would have a negative impact to the US shale gas industry. While we largely share that view, McAllister offered a different perspective through his article, “U.S. fracking firms stay in top gear despite oil price slump”.
According to the report, firms that supply sand and guar gum to the … Read More...
Consumers are rejoicing that gas is now selling at a three-year low of $3 a gallon.
The question this situation raises is should people really be happy? There is no simple answer. It depends who you ask. Individual consumers and industries that rely heavily on gas are happy that the price is now so low.
But this isn’t … Read More...
There are several factors why the price of gasoline is continuing to fall but one of the reasons is the United States’ growing capacity to produce its own energy through shale or tight oil.
According to analysts, the US could become energy independent as early as 6 years from now. But there is a conundrum to this seemingly … Read More...
Declining gas prices may not be so good for everyone after all. In general terms, consumers and industries that are heavily dependent on gas will benefit both in the short term and in the long-run. But because the United States is an oil-producing nation with states with heavy interests in oil and gas mining, the continued decline in … Read More...
