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Coronavirus Panic Is Causing A Worst-Case Scenario For Oil

Feb 28, 2020 at 16:34 | Julianne Geiger

As the World Health Organization on Friday upgraded its global risk assessment for the coronavirus to “very high”, anxious oil markets are wondering when might be a good time to…


Coronavirus Meltdown Continues As Brent Drops Below $50

Feb 28, 2020 at 12:14 | Tom Kool

As fears of the coronavirus outbreak reaching pandemic levels continue to spread, markets have taken a beating. Investors are panic selling and nearly every sector is plummeting. 

Oil rig

U.S. Oil Rig Count Inches Lower Amid Coronavirus Panic

Feb 28, 2020 at 12:14 | Julianne Geiger

Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1 to 790, with the total oil and gas rigs clocking in…


How China Could Ignite An Oil Price Rebound

Feb 28, 2020 at 11:00 | Editorial Dept

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures hit multi-year lows on Friday and were set for their steepest weekly decline in more than four years as the…


Restarting China’s Economy

Feb 28, 2020 at 10:59 | Editorial Dept

1. China tries to restart its economy- China has begun to clear a backlog of…

Oil rig

Coronavirus Causes Crude And Natural Gas Price Crash

Feb 28, 2020 at 10:58 | Editorial Dept

Market Movers - Saudi Arabia is trying to pull out all the stops, so media reports say, citing anonymous sources, upping the ante for OPEC members by asking them to…


When Will The Coronavirus Hysteria End?

Feb 28, 2020 at 10:56 | Editorial Dept

Oil is set for its worst week since the financial crisis. I will freely admit that that has taken me somewhat by surprise, but then as a logical person, illogical…

Saudi Arabia

Saudi Arabia’s Fight To Retain Regional Power

Feb 28, 2020 at 10:54 | Editorial Dept

Gulf Oil Money: The Significant Fade-Away Gulf money is everywhere, but it won’t last, and nor will the reputations of the nations who hold it. The Saudi Crown Prince is…

Refinery China

Oil Prices Set For Worst Weekly Plunge In Four Years

Feb 28, 2020 at 09:55 | Tsvetana Paraskova

Oil prices sank for a sixth consecutive day early on Friday and were on track for their biggest weekly drop in more than four years as the coronavirus outbreak continues…


Saudi Arabia Aims For Additional Cuts As Oil Plunges Below $50

Feb 28, 2020 at 09:19 | Tsvetana Paraskova

Faced with a slump in demand and plunging oil prices, OPEC’s top producer and de facto leader Saudi Arabia is asking members of the OPEC+ group to consider an additional…

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