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Breaking News:

IEA: OPEC Can’t Save The Oil Market

oil trader

Oil Hits $20 For The First Time In 18 Years

Oil prices plunged on Monday…

Energy / Oil Prices

OPEC flag

OPEC+ Discuss 10 Million Bpd Cut Involving Other Producers

Apr 03, 2020 at 08:54 | Tsvetana Paraskova

Oil producers from the OPEC+ coalition are discussing the possibility of slashing global crude oil production by 10 million bpd in cooperation with producers from outside the group, a source…

Oil sands

$5 Crude Could Put Canada’s Oil Sands Out Of Business

Apr 02, 2020 at 16:14 | Tsvetana Paraskova

Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canada’s oil patch. 

Trump Putin

Trump Tweet Sends Oil Soaring 25%

Apr 02, 2020 at 10:35 | Tsvetana Paraskova

Oil prices spiked on Thursday morning after U.S. President Donald Trump said that he spoke with the Saudi Crown Prince, and hoped and expected that Saudi Arabia and…


Trump May Join Oil Talks Between Russia And Saudi Arabia

Apr 01, 2020 at 12:45 | Irina Slav

President Donald Trump said he might join a discussion about oil production and prices with Saudi Arabia and Russia that, according to him, is ongoing. “The two countries are discussing…


Oil Giants Turn On Each Other As Crude Prices Plummet

Mar 31, 2020 at 17:57 | Nick Cunningham

Scott Sheffield of Pioneer Natural Resources blamed ExxonMobil for blocking help from the American government for the U.S. shale industry. Exxon’s refusal, Sheffield says, is because the oil…

oil trader

Oil Hits $20 For The First Time In 18 Years

Mar 30, 2020 at 10:57 | Tsvetana Paraskova

Oil prices plunged on Monday to their lowest levels in eighteen years, below $20 per barrel, as the coronavirus pandemic continues to cripple global oil demand with no signs of…

Falling share prices

Oil Prices Could Fall Another 20%

Mar 27, 2020 at 15:32 | City A.M

Brent crude was down four percent Friday afternoon at $27.50 per barrel. US crude was five percent lower at $21.47 per barrel.  Prices were on track…

Dethrone The Dollar

The Oil Price War Won’t Dethrone The Dollar

Mar 26, 2020 at 14:02 | Alex Kimani

With the oil price war between Saudi Arabia and Russia showing no signs of relenting, some analysts are now warning that the standoff could extend much…

Iran oil

Iran Is Preparing For An Oil Export Boom

Mar 25, 2020 at 15:04 | Simon Watkins

In the current straitened sanctions period, Iran’s focus in its oil sector is broadly to increase the capacity of its fields in West Karoun and from the huge…

Oil rig

Barclays Slashes Oil Price Forecast On Demand Shock

Mar 24, 2020 at 15:32 | Tsvetana Paraskova

Barclays slashed its oil price estimates for this year for the second time in two weeks, expecting WTI Crude to average $28 a barrel in 2020 due to the demand shock…

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