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China Oil Price War

China's Plan To Capitalize On The Oil Price War

While Saudi Arabia and Russia…

Oil storage

What Happens If The World Runs Out Of Oil Storage?

Oil storage tanks onshore, and…

Energy / Crude Oil

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.…

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…

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…

Flare

Is U.S. Energy Dominance Coming To An End?

Apr 08, 2020 at 17:41 | Nick Cunningham

America’s era of “energy dominance” was brief. The slogan was always silly. Leaving aside the extensive environmental fallout, the notion that a debt-fueled drilling boom allowed the U.S. to…

Trump Putin

Is Trump Right About Falling U.S. Oil Output?

Apr 08, 2020 at 14:46 | Julianne Geiger

U.S. President Trump on Monday said that U.S. oil producers were already cutting production as a natural consequence of the market. But are U.S. producers really cutting production…

OPEC

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

Apr 08, 2020 at 11:17 | ZeroHedge

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...

Crude rig

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

Apr 08, 2020 at 10:36 | Irina Slav

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…

oil tanks

Huge Inventory Build Halts Oil Price Rally

Apr 08, 2020 at 09:50 | Irina Slav

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…

Bahri tanker

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

Apr 08, 2020 at 09:01 | Tsvetana Paraskova

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…

offshore

Emerging Oil Hotspots Hammered By Coronavirus Crisis

Apr 07, 2020 at 14:34 | Viktor Katona

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


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