Europe’s lack of energy security…
Refinery outages in the United…
Oil prices rose slightly on Monday, but the oil markets are still in full-blown panic mode as the number of American states in complete lockdown grows, threatening demand for crude…
Gasoline futures in New York fell as much as 13 percent to $0.50 a gallon, the lowest level since the current contract started trading in 2005.
Following a rally early on Friday supported by U.S. President Donald Trump suggesting he could intervene in the ongoing Saudi-Russia oil price war and by a flow of stimulus from…
One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices…
Oil prices may still be trading down by double digits from the start of the year, but WTI rallied on Thursday for what is probably its best day ever, increasing…
In just one month, the coronavirus outbreak blew out to a full-on pandemic, threatening to tip the global economy into recession and affecting every country, industry, and supply chain. …
Crude oil prices fell further today, with WTI prices falling to 18-year lows, after the Energy Information Administration’s latest weekly inventory report that estimated a 2-million-barrel build for the…
As major economies go into lockdown, oil demand continues to fall off a cliff. On Monday, WTI fell into the $20s. “The additional quarantine measures imposed in France, Spain…
Saudi Arabia will continue to pump oil at increased levels through May, Saudi Aramco Chief Executive Amin Nasser said on Monday during an earnings call, according to Reuters. Nasser added…
With Saudi Arabia and Russia pumping flooding the market with oil as coronavirus threatens demand, oil prices have crashed below the $30 mark. It is a price crash that could…
The Federal Reserve took yet another bold action on Sunday evening, announcing that the central bank would be slashing interest rates to zero percent. But the markets weren't impressed, with…
Rebalancing the oil market in a context of dropping demand and rising supply will take a while, energy expert Daniel Yergin told media, as quoted by Reuters.…
After a brief respite following reports of central bank economic stimuli in the United States and the UK, crude oil slumped once again after on Wednesday, President Donald Trump instituted…
U.S. shale growth is about to decline, becoming an immediate victim of the Saudi-Russian price war. Saudi Aramco said that it would increase oil production to 12.3 million barrels per…
Hopes of economic stimulus amid the coronavirus outbreak helped oil prices to rebound on Tuesday and rise by 9 percent, recouping some of the massive losses from Monday, when prices…
The Trump Administration will review solutions to the pain felt by US oil producers as oil prices fall to multi-year lows on Monday, according to Bloomberg. Administration officials will…
In the second downward revision of its oil price outlook in just one month, Goldman Sachs slashed again its estimates for 2020, noting that even deeper OPEC+ cuts and…
Oil prices rose early on Wednesday as OPEC’s leader and top producer Saudi Arabia is looking to convince its key ally in the OPEC+ deal, Russia, to back a large…
On February 11, I predicted that Coronavirus would crush oil prices. Prices collapsed on February 20. Today, prices have reversed and WTI price is $2.00 higher on expectations of an OPEC+…
The oil markets are expecting yet again that OPEC will be the hero of oil prices, and this optimism has sent oil prices up 4% on Monday afternoon, and up…