High enough to keep them in the black, but not high enough to buoy shale producers too much. And we now know what it is.
Beijing has begun actively looking outside of the Middle East for its oil.
Why petrostates are in peril and frackers are on firmer ground—in one simple chart.
Beijing is snatching up record volumes of crude not just from the U.S., but from West Africa, and the North Sea as well.
New shipping data suggests they might be to some extent.
Around the country, breakeven costs keep coming down.
OPEC and co. hardly have a choice in the matter.
Riyadh is effectively ceding market share directly to US frackers.
It’s a bad time to be a petrostate.
You don’t say…
It’s vital that we make sure that the great wealth-creating machine is ready for the millennial generation.
After years of delay, Turkey announces its close to buying advanced air missile defenses from the Russians.
Time to unpack the irony.
Beijing is ready to invest in Saudi Aramco.
Venezuela seems headed for a boiling point while Maduro doubles down on Chavismo
Now that Dmitry Medvedev knows beyond a reasonable doubt that he is being attacked, he will ruthlessly clean house when he gets his hands on the throne. And his enemies know he knows who they are.