Shale oil has revolutionised US oil production and released the oil market from Opec’s iron grip. John Stepek looks at the sector and explains how to play it.
The world’s energy companies found only 174 new oil and gas fields last year, a 60-year low, compared to an annual average of 400-500 in the years leading up to 2013.
With Opec sticking to its cut in production, the oil price is hovering around $50 a barrel. But Donald Trump could easily change that, says John Stepek.
The US shale oil industry is adding more new rigs every month than at any point in the past two years, which should serve to cap the oil price rebound.
The quiet recovery in the oil price is a trend that hasn’t been getting as much attention as it should, but it may offer a trading opportunity, says Matthew Partridge.
David C Stevenson tips three of his favourite funds to profit from the rebound in the oil price.
After reaching an 18-month high of around $58 a barrel on 3 January, oil fell back as traders began to wonder whether the 30% jump in prices in December was really justified.
Oil producers have reached their first global supply pact since 2001 – and the largest on record. But Opec and Russia are notorious cheats when it comes to implementing agreed quotas.
A deal between Saudi Arabia and Russia means the oil bull market is back. John Stepek explains what that means for the global economy and for the rest of us.
Opec has agreed to cut production from January by 1.2 million barrels per day, the market is not convinced of the long-term effects of the agreement.
Opec has finally come to an agreement to reduce production, sending the oil price soaring. John Stepek looks at why the market is so excited.