New renewable energies are making a dent in the market worldwide. Nowadays, energy securities along with the public’s concern for the environment are factors that drive the prices of oil up or down. However, while we do consider positive for the economy when the prices of oil are high as they as evidence of financial […]

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As of 2015, the oil industry has experienced many changes. But those changes have been mere downturns mostly if they were to be compared with the eventualities that took place during the golden days: the 1990s. But, after taking a closer look at the history of these behaviors, it is possible to assert that after […]

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Nowadays, there is a huge turmoil related to oil production in the world. The market has gone crazy, the OPEC is taking measures to help the oil prices go up, and there is a general feeling of uncertainty related to what may happen in the near future with oil. As we have seen, thanks to […]

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The case for Venezuela is astonishing, to say the least. How can a country with the largest proven oil reserves in the world be going through some of the most crippling economic crisis ever seen? Venezuela is a country in crisis and while protesters are being killed for opposing the government and citizens are fleeing […]

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In September 1960 the Organization of the Petroleum Exporting Countries or OPEC was founded. The organization’s founders were five different developing countries that aimed to unify the prices and policies of oil, regulating the way it was produced and sold to other nations. These five countries were Iraq, Iran, Kuwait, Venezuela and Saudi Arabia, and […]

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It can be said that the world’s economy moves to the beat of commodities.  The production of cement, concrete, coffee, minerals, gold, and silver are just some of the most important commodities whose variation in prices can either boost an economy or bring it into recession.  However, perhaps no commodity is more important than oil. […]

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There are several theories about what could happen to oil production and demand in the near future, as well as the possible economic and social impacts in the world. Since the oil crisis of the 1970s, this issue has produced a lot of concern from many points of view. Today, I will make a brief […]

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In the past few weeks, questions have been raised constantly about the current state of affairs when it comes to the oil and energy industry and specially to the prices of crude. It seems like there is a lot hanging in the balance and the prices are yet to stabilize. Experts talk about the numbers […]

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The term Shale oil has become unavoidable today when reading about the current states of affairs in the world of oil production. Its impact on the market is real and it is revolutionizing the industry not only in the United States, but it is starting to become a viable alternative in the global energy market. […]

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