The last few years have been strange for the oil industry. There hasn’t been a downturn as lasting since the 1990’s and while many are hopeful that prices will soon not only recover but actually boom, a healthy dose of skepticism lingers as it seems like the bounce back is taking longer than expected. Experts […]

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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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The energy industry provides the world’s superpowers with what it could be considered the most essential commodity to continue thriving. Just by understanding the concept of what that truly means we can expect then that energy in all ways, especially crude oil, to be extremely sensitive to any type of conflict that could in some […]

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