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This Could Be A Gamechanger For Natural Gas In Europe

This Could Be A Gamechanger For Natural Gas In Europe

Europe’s lack of energy security…

Energy / Oil Prices

Oil Jumps As Markets Panic

Mar 23, 2020 at 17:12 | Julianne Geiger

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 Fall To $0.50 As Demand Plummets

Mar 23, 2020 at 10:58 | ZeroHedge

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.

Oil Prices Retreat After Massive Rally

Mar 20, 2020 at 10:46 | Tsvetana Paraskova

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…

The Inevitable Outcome Of The Oil Price War

Mar 19, 2020 at 18:20 | Simon Watkins

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…

WTI Rallies 24% In Panic Stricken Markets

Mar 19, 2020 at 12:45 | Julianne Geiger

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…

Coronavirus Could Derail The Electric Vehicle Revolution

Mar 18, 2020 at 16:39 | Tsvetana Paraskova

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.  …

Oil Crashes To 18-Year Lows As Inventories Build

Mar 18, 2020 at 10:03 | Irina Slav

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…

Oil Demand To Plunge By 10 Million Barrels Per Day

Mar 16, 2020 at 18:00 | Nick Cunningham

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 Aramco Is ‘’Very Comfortable’’ With $30 Oil

Mar 16, 2020 at 16:45 | Julianne Geiger

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…

Is The Oil Price Crash Good For Renewable Energy?

Mar 16, 2020 at 14:00 | Josh Owens

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…

Oil Falls Into $20 Range As The Fed Cuts Interest Rates To Zero

Mar 15, 2020 at 22:54 | Michael Kern

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…

Yergin: No End In Sight For The Oil Price Crisis

Mar 13, 2020 at 09:02 | Irina Slav

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.…

Oil Crashes Again On U.S. Travel Ban

Mar 12, 2020 at 09:00 | Irina Slav

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 Collapse Will Lead To Higher Oil Prices

Mar 10, 2020 at 19:01 | Nick Cunningham

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…

Oil Rebounds 9% After Historic Loss

Mar 10, 2020 at 10:59 | Tsvetana Paraskova

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…

Trump Prepares Aid Package To Relieve U.S. Oil Producers

Mar 09, 2020 at 18:37 | Julianne Geiger

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…

Goldman Sachs: Brent Oil Could Drop To $45 In April

Mar 04, 2020 at 10:54 | Tsvetana Paraskova

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 Rise As Market Expects Large OPEC+ Cut

Mar 04, 2020 at 09:03 | Tsvetana Paraskova

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…

Here’s Why Oil Prices Should Go Higher

Mar 03, 2020 at 17:03 | Arthur Berman

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+…

Oil Prices Climb As Traders Expect Action From OPEC

Mar 03, 2020 at 08:36 | Julianne Geiger

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…

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