For years the Saudi's and Russia were the world's largest oil producers - with the US being a net importer of oil…
But that's changed overnight.
US oil production increased by 2 million barrels per day since 2018.
The US now produces 12 million barrels of oil per day. Russia trails the US with 10.65 million barrels per day and Saudi Arabia is third in the world, producing 10.2 millio... ››› more
How to get your trading questions answered by Timon himself
Q. “Timon, I'm sorry to ask you on Twitter but I need to know. Where can I ask my trading and investing questions to get answers direct from FSP Invest analysts”
A. You may ask all your questions in the comments in the Q&A section of our Facebook page by clicking here.
If you don't have Face... ››› more
Over the past few weeks, the oil price has rallied.
This is mostly thanks to a weaker dollar and the chance that supply of US shale oil is slowing.
So will oil keep climbing?
Let's take a closer look…
How the oil industry has changed
The big change in the whole oil industry has been the success of US shale oil. More efficient fracking led to oil reserves that were once inacces... ››› more
Since the mid-1970s, the Organization of the Petroleum Exporting Countries (OPEC) has controlled the price of oil... Cutting production when it got too low and opening up the floodgates when the price got too high.
That's what the world expects OPEC to do. That's what OPEC has always done.
But for once OPEC is defying all logic…
OPEC's seemingly illogical move will send the oil price... ››› more
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