• 4 minutes Why Trump Is Right to Re-Open the Economy
  • 7 minutes Did Trump start the oil price war?
  • 11 minutes Covid-19 logarithmic growth
  • 15 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 18 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 3 hours America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%
  • 34 mins Russia's Rosneft Oil Company announces termination of its activity in Venezuela
  • 5 hours Saudi Arabia Can't Endure $30 Oil For Long
  • 2 hours KSA taking Missiles from ?
  • 4 hours Where's the storage?
  • 7 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 4 hours Western Canadian Select selling for $6.48 bbl. Enbridge charges between $7 to $9 bbl to ship to the GOM refineries.
  • 4 hours Hillary Clinton tweeted a sick Covid joke just to attack Trump
  • 6 hours China extracts record amount of natural gas from Gas Hydrates in South China Sea
  • 11 hours Oxford Epidemiologist: Here’s Why That Covid-19 Doomsday Model Is Likely Way Off
  • 8 hours Wait till America opens their Q1 401k Investment Statements and see they have lost 35% of their retirement savings. They can blame the Authoritarian Chinese Communist Party..
  • 9 hours There are 4 major mfg of hydroxychloroquine in the world. China, Germany, India and Israel. Germany and India are hoarding production and blocked exports to the United States. China not shipping any , don't know their policy.

Energy / Crude Oil

Saudi refinery

Saudi Arabia Doubles Down On Production As Prices Crash

Mar 18, 2020 at 11:28 | Tsvetana Paraskova

Saudi Arabia will continue to supply a record 12.3 million barrels per day (bpd) to the oil market in the coming months, as per order from the energy ministry, the…

Angola Offshore platform

Looming Recession Sparks New Oil Sell Off

Mar 17, 2020 at 18:27 | Irina Slav

Travel bans, border closures, and recommendations for self-isolation amid the coronavirus pandemic have aggravated fears of a global recession and pushed money managers to intensify the sell off of crude…

Riyadh night view

Is Saudi Arabia To Blame For The Looming Economic Recession?

Mar 17, 2020 at 18:11 | Arthur Berman

Saudi Arabia has repeated the blunder it made in November 2014 by increasing oil production during an oil-price collapse. In 2014, it led to a depression in the oil industry.…

Dollars

Oil Nations Could See Income Crash By Up To 85 Percent In 2020

Mar 17, 2020 at 11:17 | Tsvetana Paraskova

The coronavirus pandemic and collapsing oil prices will slash the oil and gas revenues of vulnerable oil-reliant developing economies by up to 85 percent, the heads of OPEC and the…

Arctic oil

Russia Makes Move On Antarctica’s 513 Billion Barrels Of Oil

Mar 16, 2020 at 14:45 | Simon Watkins

Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Antarctica,…

OPEC logo

OPEC+ Scraps Meeting As Oil War Heats Up

Mar 16, 2020 at 11:06 | Tsvetana Paraskova

Attempts by some OPEC members to mediate between the cartel’s leader, Saudi Arabia, and Russia have failed and this Wednesday’s meeting of an OPEC+ technical committee has been scrapped amid…

SPR crude

Largest Oil Glut In History Could Force Crude Prices Even Lower

Mar 16, 2020 at 09:13 | Tsvetana Paraskova

The oil market is heading for the largest ever crude glut in the first half of 2020, which could be two to nearly four times bigger than the biggest surplus…

Alekperov Putin

Why Didn’t Russia Just Cut Oil Production?

Mar 13, 2020 at 18:24 | Robert Rapier

Last week OPEC conducted meetings with a coalition of partners that have worked together to limit oil production since 2016. It was widely reported that the group hoped to come…

Big Oil Burning Cash

Big Oil Is Burning Cash In The Permian

Mar 13, 2020 at 18:19 | Alex Kimani

Global oil giants are facing ever-increasing public pressure and higher levels of scrutiny over their responsibility to curb harmful greenhouse emissions. Yet, in the sprawling oilfields of Texas, New Mexico…

Tanker

U.S. Looks To Snag Market Share From Russia In Its Own Backyard

Mar 13, 2020 at 18:09 | RFE/RL staff

The U.S. State Department has announced "the willingness of U.S. companies to begin immediately selling oil to Belarus at competitive market prices" in a clear signal to Minsk -- and…


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