The US Strategic Petroleum Reserve (SPR) is bound for a diet thanks to more stable oil prices STEVE AUSTIN | 2017/11/01 Strategic Petroleum Reserve (SPR) is a repository of crude oil for emergency purposes built primarily in countries dependent on oil imports. Stored in four deep underground salt caverns along Texas and Louisiana Gulf coasts, […]

Harvey caused massive destruction and damages to Texas. We take a detailed look on the ramifications for oil. STEVE AUSTIN | 2017/09/18 Harvey, making landfall as a Category 4 hurricane, battered southeast Texas a few days ago. Though downgraded to a tropical storm later on, it left a trail of massive destruction including loss of […]

What has led to the low oil prices? Oversupply, increased production or market corrections? We take a look to see beyond the obvious. STEVE AUSTIN | 2017/07/26 Already, crude oil prices are down by well more than 18% compared to early 2017. Oil production has risen in countries like Libya and Nigeria. Quite naturally, with […]