Falling oil prices benefit China because the country does not make money on oil. Instead, it buys it, and is the world's largest net importer of oil. The lower oil prices fall, the more affordable it becomes for China to develop its economy.
Germany is weighing whether or not to undertake another monumental energy transition – shutting down its coal-fired power plants in order to slash carbon emissions. Europe's largest economy is already charting an impressive path forward with renewable energy.
If oil prices continue to slide, OPEC will almost certainly achieve its goal of preventing significant investment in new US oil production. But low oil prices will also put financial pressure on some of the cartel's most vulnerable members.
By letting oil prices slide and maintaining market share, OPEC is playing a risky game of chicken that will take years to play out.
Industrialized nations make good on a pledge to finance sustainable development. Iraqi troops reportedly retake the Baiji refinery. The US Senate votes down the Keystone XL pipeline. Catch up on global energy with Recharge.
Several US states that are overly dependent on oil to meet their budget forecasts are up for a big disappointment. They're experiencing the challenge of budget woes as a fall in oil prices could pose serious consequences for their economies.
There is a high degree of uncertainty over how November's OPEC meeting and Iranian nuclear negotiations will unfold. Either way, the end of November will have a huge impact on oil prices.
US natural gas producers may be seeing their dream of substantial liquefied natural gas (LNG) exports suffer fatal injury because of Russian exports to the Chinese market, Cobb writes, a market that was expected to be the largest and most profitable for LNG exporters.
Debate on the Keystone XL pipeline has resurfaced on Capitol Hill in the last week. But with oil prices falling and alternative routes for oil to get to market, the Keystone XL pipeline is less important to global oil flows than it was six years ago.
While no-one can accurately predict the weather, judging from the market as it currently stands, a repeat of 2014's polar vortex-effect is unlikely. Winter is indeed coming, Topf writes, but it seems natural gas supplies are ready for it.