Russia continues its assault on…
Tesla is expected to report…
Conventional wisdom dictates that water and oil do not mix--at least for those of us who are not MIT engineers. But a new…
Last week someone commented to me that Chevron could now buy Occidental Petroleum cheaper than it offered to acquire Anadarko. There is an element of truth to the statement, but…
The growing supply glut in oil markets could end up filling all storage tanks worldwide, potentially causing prices to drop even further Global oil storage could overflow in the coming…
Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts. The millions of barrels of additional supply promised…
With WTI crude seeing its third-worst trading day on record, Russia is beginning to feel the squeeze as it sees its oil and gas income tumble while it…
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Anton Siluanov said on…
The markets can’t seem to catch a break, with the Dow dropping below 20,000 points for the first time since 2017 as the coronavirus crisis continues to fuel…
Deep in the throes of a deadly pandemic, nations everywhere are grappling with the grim reality of a global community on lockdown. Travel bans and…
More than 200 small- and medium-sized oilfield services operators in Europe, or 20 percent of all European oilfield services firm, could go bust as the coronavirus epidemic will hit the…
The Iraqi Oil Minister, Thamer al-Ghadhban, has asked OPEC’s head, Mohammed Barkindo to call an extraordinary meeting of OPEC+ to “discuss all possible ways” to reverse the oil…
Big Oil had just announced overhauled long-term strategies to soothe investor concerns about climate change and become part of the solution in the energy transition—and then came the big oil…
Oil prices fell on Monday, continuing to slide after taking major losses last week. (Click to enlarge)…
After having instructed Aramco to boost production to unseen levels, Saudi Arabia now plans to boost oil exports in May to a record 10 million barrels per day, causing oil…
While the headlines for the last few weeks have been a lot of COVID-19 related doom and gloom, one study has really stood out. It turns out that there is…
Under any other circumstances, air carriers would be happily popping champagne corks after the latest massive oil price slump. After all, fuel typically accounts for up to 20% of an…
Morgan Stanley further cut its oil price forecast, now expecting Brent crude to average $30 a barrel during the second quarter, from $35 a barrel earlier. Reuters quoted the…
As markets brace for yet another week of total liquidation (even gold fell below $1500), oil drillers are preparing for the worst. Last time crude traded this low, back in…
According to a number of cognitive scientists, mankind uses its unique ability to reason primarily for justifying pre-held convictions, rather than for forming convictions. It is of…
As Saudi Arabia and Russia began an all-out oil price war for market share, the shipping industry is going through a supertanker run and charter rates for very large crude…
Those with a functioning memory may have thought that last week’s decision by Saudi Arabia to maximise oil production to crash oil prices and bankrupt U.S. shale…