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Breaking News:

IEA: OPEC Can’t Save The Oil Market

Falling share prices

Oil Prices Could Fall Another 20%

Oil prices have tumbled as…

Oil rig

Barclays Slashes Oil Price Forecast On Demand Shock

Barclays slashed its oil price…

Energy / Oil Prices

Stocks

The Real Reason Oil Prices Crashed

Mar 23, 2020 at 18:12 | Irina Slav

Here’s a quick question: what happens when a lot of people are producing more and more of a commodity, but fewer people want to buy it? It’s economics…

Oil traders

Oil Jumps As Markets Panic

Mar 23, 2020 at 17:12 | Julianne Geiger

Oil prices rose slightly on Monday, but the oil markets are still in full-blown panic mode as the number of American states in complete lockdown grows, threatening demand for crude…

Gasoline florida

Gasoline Futures Fall To $0.50 As Demand Plummets

Mar 23, 2020 at 10:58 | ZeroHedge

Gasoline futures in New York fell as much as 13 percent to $0.50 a gallon, the lowest level since the current contract started trading in 2005.

Falling stocks

Oil Prices Retreat After Massive Rally

Mar 20, 2020 at 10:46 | Tsvetana Paraskova

Following a rally early on Friday supported by U.S. President Donald Trump suggesting he could intervene in the ongoing Saudi-Russia oil price war and by a flow of stimulus from…

Putin MBS

The Inevitable Outcome Of The Oil Price War

Mar 19, 2020 at 18:20 | Simon Watkins

One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices…

stocks

WTI Rallies 24% In Panic Stricken Markets

Mar 19, 2020 at 12:45 | Julianne Geiger

Oil prices may still be trading down by double digits from the start of the year, but WTI rallied on Thursday for what is probably its best day ever, increasing…

EV charger

Coronavirus Could Derail The Electric Vehicle Revolution

Mar 18, 2020 at 16:39 | Tsvetana Paraskova

In just one month, the coronavirus outbreak blew out to a full-on pandemic, threatening to tip the global economy into recession and affecting every country, industry, and supply chain.  …

Cushing

Oil Crashes To 18-Year Lows As Inventories Build

Mar 18, 2020 at 10:03 | Irina Slav

Crude oil prices fell further today, with WTI prices falling to 18-year lows, after the Energy Information Administration’s latest weekly inventory report that estimated a 2-million-barrel build for the…

Barrels

Oil Demand To Plunge By 10 Million Barrels Per Day

Mar 16, 2020 at 18:00 | Nick Cunningham

As major economies go into lockdown, oil demand continues to fall off a cliff. On Monday, WTI fell into the $20s. “The additional quarantine measures imposed in France, Spain…

Aramco

Saudi Aramco Is ‘’Very Comfortable’’ With $30 Oil

Mar 16, 2020 at 16:45 | Julianne Geiger

Saudi Arabia will continue to pump oil at increased levels through May, Saudi Aramco Chief Executive Amin Nasser said on Monday during an earnings call, according to Reuters. Nasser added…


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