• 3 minutes Marine based energy generation
  • 5 minutes "Saudi Armada heading to U.S.", "Dumping" is a WTO VIOLATION.
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Which producers will shut in first?
  • 2 hours A small trial finds that hydroxychloroquine is not effective for treating coronavirus
  • 4 hours Saudis to cut 4mm bbls. What a joke.
  • 3 hours Saudi Arabia Is Buying Up European Oil Majors
  • 2 hours The GREAT OPEC+ Agreement
  • 45 mins Trump will be holding back funds that were going to W.H.O. Good move
  • 3 hours Chinese Communist Party
  • 49 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 4 hours Occidental hypocrisy
  • 2 hours Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 7 hours Sharp real pure true hard working roughneck needing work..
  • 8 hours Death Match: Climate Change vs. Coronavirus
  • 9 hours Get First Access To The Oilprice App!
What Happens If The World Runs Out Of Oil Storage?

What Happens If The World Runs Out Of Oil Storage?

Oil storage tanks onshore, and…

Oil Prices Could Fall Another 20%

Oil Prices Could Fall Another 20%

Oil prices have tumbled as…

Energy

Traders

Oil Could Fall Back To $20

Apr 09, 2020 at 17:36 | Nick Cunningham

Oil demand is set to plunge by as much as 27 million barrels per day (mb/d) in April, a decline larger than anything that has occurred in the history of…

Oil and gas

OPEC+ Deal Won’t Solve The Oil Storage Crisis

Apr 09, 2020 at 16:57 | Irina Slav

It was going to be a reasonably good year for oil. OPEC+ would continue to keep a lid on production to keep prices above dangerous levels, and U.S.…

Benj

Oil Industry Unlikely To See A Bailout Anytime Soon

Apr 09, 2020 at 16:46 | Editorial Dept

Among the world’s biggest oil producers, state-run giants in China and Russia don’t need a bailout in the traditional sense. Oil industry giants in the United States aren’t…

Falling stocks

Oil Prices Tank Despite 10 Million Barrel Per Day Production Cut

Apr 09, 2020 at 15:22 | Julianne Geiger

OPEC++ may have reached today a commitment to cut 10 million bpd of oil production in both May and June, but oil prices reacted poorly…

Alaska

Small Oil Firm Reports Huge Alaska Oil Discovery

Apr 09, 2020 at 14:58 | Tsvetana Paraskova

UK-based oil exploration firm Pantheon Resources believes it has a huge 1.8-billion-barrel oil discovery in Alaska after evaluating an old exploration well with modern technology, the company’s top executives told…

Encana rig

Low Oil Prices Are Putting Canadian Drillers Out Of Business

Apr 09, 2020 at 13:40 | Rystad Energy

The Covid-19 pandemic has devastated global oil demand while producing countries fail to agree on output cuts, and as onlookers have predicted, it was a matter of time until shut-ins…

Nuclear Energy Space

Nuclear Energy Could Power The Trillion-Dollar Space Race

Apr 09, 2020 at 13:29 | Haley Zaremba

While the economy comes to a grinding halt here on Earth, some investors, inventors, and dreamers are looking to the stars for their next business venture. The final…

Pemex

Mexico Rejects Global Plan To Cut Oil Production

Apr 09, 2020 at 12:45 | Irina Slav

The deadly price war and coronavirus cocktail that threw most of the global industry into a panic seems to have missed one of the large national players: Mexico’s Pemex. While…

OPEC flag

Global Oil Producers Agree On Joint 10 Million Bpd Output Cut

Apr 09, 2020 at 11:13 | Julianne Geiger

OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Today’s oil prices…

North Sea

Saudi Arabia Is Buying Up European Oil Majors

Apr 09, 2020 at 10:38 | Irina Slav

The Saudi sovereign wealth fund has bought stakes worth a combined $1 billion in four European oil majors: Shell, Total, Eni, and Equinor, the Wall Street Journal reported citing unnamed people…


Oilprice - The No. 1 Source for Oil & Energy News