• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 14 mins Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 35 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 11 mins Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 13 hours Mr
  • 22 hours While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 2 hours ‘If it saves a life’: Power cut to 1.5 million Californians
  • 11 hours Free market or Freeloading off the work of others?
  • 1 day What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 1 day How to Create a Pandemic
  • 12 hours Marine based energy generation
  • 17 hours Which producers will shut in first?
  • 1 day Real Death Toll In CCP Virus May Be 12X Official Toll

Breaking News:

WTI Slides On Huge Crude Inventory Build

Alt Text

Russia Is Ready To Make Major Output Cuts

Russian sources confirmed to Reuters…

Alt Text

The Oil Price Crash Won’t Stop The Tesla Boom

Low gasoline prices are generally…

Editorial Dept

Editorial Dept

More Info

Premium Content

The Aramco Valuation Will Soon Be Revealed

This week in oil markets has been all about the pervasive trade war between China and the US that has dogged oil prices for the better part of the year, resulting in demand growth forecasts from multiple sources and analysts repeatedly being adjusted downward. There was some rare bullish news coming out of trade war discussions this week, with claims that both sides had agreed to relax tariffs and would sign something soon to that effect. But late in the week sentiment seemed to shift, with some traders skeptical that any deal will be signed in the short term. This same story has been playing out for months on end, and no trading lesson is ever learned.  

All eyes this weekend will be on news related to the Aramco IPO listing on the Tadawul, with Saturday hopefully bringing the prospectus for the IPO and a final resolution for the question on everyone’s mind: What will the final valuation for Aramco be?

Brazil’s Oil Auction Flop 

Brazil had a tough week. The two auctions planned for this week, the Transfer of Rights (TOR) auction on Wednesday and the pre-salt auction on Thursday, were huge disappointments. The result? Several of the world’s most mouthwatering oil prospects have been taken off the market - a development that will send shockwaves through the global oil industry.

Wednesday’s TOR auction was supposed to bring in $50 billion—$25 billion for Brazil, and $25ish billion to Brazil’s state-run…






Leave a comment

Leave a comment




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