Fracking for oil has made the US energy independent. Its effects have spread far beyond the energy markets, says John Stepek, shifting the global economy’s balance of power.
Raw-materials prices rose sharply in 2017 – and they have made a strong start to 2018, too.
In trying to beat US shale oil producers, Opec has a serious fight on its hands. And it’s only going to get harder.
Natural gas prices have slipped by a quarter in weeks after one of the warmest winters on record, which has dented demand in the short-term.
US shale oil producers may be able to keep oil prices in a range around current levels.
Last week, natural gas prices sank by 12%, the worst weekly loss in a year, on forecasts of unusually warm weather.
A multi-year glut, which has depressed natural gas prices, is nearing an end.
Industrial gas giants Linde and Praxair are set for a $60bn merger – but regulators won’t give them an easy ride.
The oil and gas-dependent Russian economy shrank by almost 4% last year – and this year isn’t shaping up any better.
The scramble for the Arctic cooled when the oil priced plunged. But the countries on its borders are still jockeying for position, says Simon Wilson.
The oil price has had a good run lately. But with the industry undergoing fundamental changes, we won’t see $100 a barrel any time soon, says John Stepek.