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Will the US oil export ban be lifted?

On October 9th 2015, the US House of Representatives passed, thanks to the Republicans’ votes, a bill lifting the oil export ban, which will have to be approved by the Senate, where the Republicans are...

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What would change if the US were to start exporting its oil?

More than a year ago, it was on the very same blog that I said that the US export ban would be lifted since maintaining it was not economically viable, and doing so would be beneficial to the economies...

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Next year likely to be the last year of cheap crude

Daily crude price data tell the story: in 2015 the prices yo-yoed. At the beginning of the year, Brent oil traded at 55 USD/bbl. In mid-May, the price went up to USD 66, to dip below USD 35 at the year...

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From modernisation to innovation

Innovation can be looked at from various points of view: of end users, whose life is made easier by innovations, of businesses that profit from selling their innovations, of businesses that modernise...

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Innovation is the concern of entire economy, not only businesses

Innovation is an alternative model of economic growth that relies on leveraging knowledge and experience, science and business to create a new reality, rather than merely copy or improve old designs....

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Effects of low oil prices will be felt in several years

Last year, we outlined our expectations as to crude oil prices and margins over the coming two years. We anticipated substantial daily fluctuations as part of shorter or longer cycles, painting a...

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Random forecast

Not a day goes by without me being asked about future oil prices. And all discussions that follow end with the inescapable conclusion that oil prices cannot be predicted. This is a complete reversal in...

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Sooner-than-expected equilibrium and greater uncertainty

In Q2 2016, the situation on the global oil market unfolded in line with our expectations. Oil prices continued on an upward trend started around mid-January 2016. On the back of stronger demand...

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Oil prices after 2020 and more…

Strategic oil projects have a considerably longer horizon and decisions taken in the oil sector are driven by what is expected with regard to the future of crude oil and its prices in 25 years. A...

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How are new power generation technologies developed?

Empirical knowledge of innovations can be gained from the IT sector, which abounds in new ideas and innovations. Looking at how quickly tablets and smartphones became commonplace in our daily lives, it...

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