Brent crude dropped 20% for the quarter, the most in 2 years. STEVE AUSTIN | 2014/10/06 In June of 2014 the Brent Crude Oil Price hit $115 per barrel and many oil market insiders were predicting higher prices. Other analyst however, called a peak, and their predictions proved to be correct. By the beginning of […]

The ban can bend as long as producers and refiners get their cut. STEVE AUSTIN | 2014/09/08 Back in February 2014, oil-price.net posted an astonishing report on the US government’s trade restrictions on its own oil industry. While other governments protect their home industries and give preference to their own national interests, by a convoluted […]

The US now leads the world in petroleum production STEVE AUSTIN | 2014/08/04 OPEC, the United States of America is here, and how. As the top oil producing nation for 2014, the U.S. has steadily left the world behind. Who said oil in the US was always under sempiternal stormy weather? Play a serenade. According […]