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Article Archive | Page 678

Oil Spikes After Algeria Says OPEC+ Cuts Could Reach 10 Million Bpd

Apr 08, 2020 at 14:20

The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism…

Pandemic And Price Crash Force Gulf Oil Producers To Take On Debt

Apr 08, 2020 at 13:30

Middle East oil producers began to tap the debt markets this week amid growing fiscal pressures on their economies and wealth funds in the oil price crash and…

Natural Gas Is Suffering On All Sides

Apr 08, 2020 at 12:34

Natural gas has gone from being a by-product of oil production to a vital source of energy for transportation, industry, and heating. Technological advancements have strengthened the fuel’s proliferation as…

Historic Oil Deal On The Verge Of Collapse As Russia Balks At U.S. 'Cuts'

Apr 08, 2020 at 11:17

As oil traders look with dread and fear to tomorrow's OPEC+ teleconference one day after crude oil tumbled amid speculation that the production cut standoff will not be resolved...

U.S. Oil Production Could Fall By 2 Million Barrels Per Day

Apr 08, 2020 at 10:36

Crude oil production in the United States could fall by about 2 million bpd from current estimates of daily averages, according to the Energy Information Administration. In its latest Short-Term…

Huge Inventory Build Halts Oil Price Rally

Apr 08, 2020 at 09:50

A week after reporting the largest oil inventory build since 2016, the EIA once again had bad news for oil bulls: inventories added 15.2 million barrels over the week…

Saudi Arabia Sends Wave Of Supertankers To U.S. Ahead Of Oil Meeting

Apr 08, 2020 at 09:01

The world’s top oil exporter, Saudi Arabia, is making good on its promise to flood the world with oil even as demand collapses, with a surge in tankers carrying Saudi…

When Will Oil Bounce Back?

Apr 07, 2020 at 18:13

Last week saw oil move jump in the largest two-day percentage increase in history. A similar movement was seen in Brent, moving back into the mid-$30’s. In a…

Supermajor Slashes Spending As Oil Prices Collapse

Apr 07, 2020 at 17:33

“We haven't seen anything like what we're experiencing today.” ExxonMobil’s CEO Darren Woods said his company is expecting oil demand to decline by 20 to 30 percent because of the…

The Oil Price Crash Won’t Stop The Tesla Boom

Apr 07, 2020 at 15:59

The falling price of gas has brought some relief to drivers fed up with seeing numbers whirr on the pump at wallet-draining speeds. According to the AAA, Americans are, on average,…

Renewables Boomed In 2019, But This Year May Be Different

Apr 07, 2020 at 15:35

Renewable energy projects constituted three-quarters of all new power generation capacity projects in the world last year, the International Renewable Energy Agency said in a new 

Emerging Oil Hotspots Hammered By Coronavirus Crisis

Apr 07, 2020 at 14:34

The ongoing price crash triggered by the coronavirus and the oil war has in many ways hammered investments into upcoming African, Latin American and Asian plays

Is Optimism In Oil Markets Misplaced?

Apr 07, 2020 at 13:01

Investor Alert: OPEC and its partners are about to orchestrate the largest oil production cut in history, and a small number of oil & gas companies stand…

The Dream Of U.S. Energy Independence Is Dying Along With The Shale Revolution

Apr 07, 2020 at 12:46

It was a revolution; a game-changer. The shale industry that transformed American oil was on its way to upending the world by first rendering the United States energy…

Money Is Flooding Into Russia Despite Crashing Oil Prices

Apr 07, 2020 at 11:57

With the virtual OPEC+ meeting where Russia and Saudi Arabia were to discuss output cuts to end the oil price war delayed Monday, oil prices took…

U.S. Rig Count Could Collapse By 65%

Apr 07, 2020 at 11:02

Due to the combined global effect of the Covid-19 pandemic and the ongoing oil price war, the American oil and gas…

Trump: Free Markets Will Determine U.S. Oil Production

Apr 07, 2020 at 10:07

U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week. “I think the cuts are…

OPEC And Partners Eye A 3-Month Output Cut

Apr 07, 2020 at 09:10

Countries part of the OPEC+ group are discussing the idea to implement oil production cuts for at least three months from May to July, Russian news agency TASS reported on Tuesday,…

The World’s Biggest Oil Deal Can’t Save Crude Prices

Apr 06, 2020 at 17:22

G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull…

Why The OPEC+ Output Cut Is Irrelevant

Apr 06, 2020 at 16:55

I’m in favor of the global output cut orchestrated by President Trump but let’s recognize it for what it is: largely irrelevant. Mohammed bin Salman and…

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