• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days They pay YOU to TAKE Natural Gas
  • 7 hours How Far Have We Really Gotten With Alternative Energy
  • 12 hours What fool thought this was a good idea...
  • 3 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 9 days The United States produced more crude oil than any nation, at any time.

Energy / Oil Prices

OPEC+ Cuts Fail To Boost Oil Prices

Feb 07, 2020 at 16:45 | Nick Cunningham

After deliberations, Russia appears set to support Saudi Arabia in the push for deeper production cuts. OPEC’s Joint Technical Committee met on Tuesday, and it was only supposed to be…

Oil Set For Fifth Consecutive Weekly Drop As Coronavirus Hits Demand

Feb 07, 2020 at 09:33 | Tsvetana Paraskova

Oil prices were on track for a fifth weekly decline early on Friday, weighed down by the loss of demand in China amid the coronavirus outbreak while OPEC and Russia…

Peak Shale Will Send Oil Prices Sky High

Feb 06, 2020 at 18:01 | Nick Cunningham

Much of the cheap oil has been produced, and the oil industry is increasingly relying on costly reserves. While the world is awash in supply right now, the market may…

Oil Prices Already Reflect Huge Demand Destruction

Feb 04, 2020 at 16:48 | Nick Cunningham

OPEC+ is moving quickly to try to halt the meltdown in oil prices as the demand hit from the coronavirus continues to grow. The Joint Technical Committee (JTC) meets…

Citi: Brent Oil Could Fall To $47 As Demand In China Crashes

Feb 03, 2020 at 11:11 | Tsvetana Paraskova

Citigroup has slashed its oil price forecasts for three of the quarters this year and doesn’t rule out Brent Crude sliding to as low as $47 a barrel as…

Coronavirus: Is The Worst Still To Come For Oil?

Jan 31, 2020 at 11:25 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday, however, momentum is clearly to the downside as traders continue to worry about the coronavirus’…

Oil Prices See Biggest January Loss In 30 Years

Jan 31, 2020 at 09:51 | Julianne Geiger

Crude oil prices slid a painful 15% in January—the biggest January slide since 1991—as the coronavirus claims the death of 213 souls and counting.

Could Oil Prices Fall Below $50?

Jan 29, 2020 at 12:54 | Robert Rapier

One of my energy sector predictions for this year was that oil prices would not drop below $50 a barrel. This may turn out to be the fastest falsified prediction…

OPEC+ Halts Slide In Oil Prices

Jan 28, 2020 at 13:13 | Tom Kool

After several days of losses, oil prices stabilized on Tuesday morning after OPEC and partners announced their intent to extend output cuts till June of this year.

Coronavirus Sends Panic Through Oil Markets

Jan 27, 2020 at 16:53 | Nick Cunningham

Oil continued to slide on Monday, with Brent dropping well below $60 per barrel, as panic around the coronavirus continues to mushroom. The number of casualties in China continues to…

Oil Extends Plunge On Coronavirus Fears

Jan 27, 2020 at 09:32 | Tsvetana Paraskova

Oil prices extended losses early on Monday, slumping to nearly four-month lows amid fears that the Chinese coronavirus outbreak will slow China’s economic growth and oil demand.   At 08:25…

China Virus Fears Send Oil Prices Even Lower

Jan 24, 2020 at 10:41 | Tsvetana Paraskova

Oil prices were down early on Friday for a fourth consecutive session, as fears of the deadly Chinese virus spreading and concerns about oil demand trumped supply outages and set…

How Important Is The Suriname Oil Discovery?

Jan 17, 2020 at 15:43 | Viktor Katona

The discovery of the Maka field in offshore Suriname will become one of the main upstream stories of 2020, bringing Suriname onto the international oil map, potentially spawning a new…

Oil Will Stay Above $50 Per Barrel In 2020

Jan 16, 2020 at 11:32 | Robert Rapier

We begin 2020 with the stock market again testing record highs. We just finished a year in which oil prices rose by more than 30 percent. However, natural gas prices…

Is Iran Preparing To Send Oil Back To $100?

Jan 14, 2020 at 17:26 | Simon Watkins

Two of Saudi Arabia’s key oil sites are attacked and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The…

The World's Most Expensive Oil Nears $100 Per Barrel

Jan 14, 2020 at 09:25 | Tsvetana Paraskova

Strong demand for heavy-sweet crude grades amid the new shipping fuel regulations has resulted in a recent spot tender in which a crude from Australia sold for close to US$100…

Bad News For Oil: Refinery Profits Are Sliding

Jan 13, 2020 at 17:19 | Alex Kimani

After a short-lived, half-hearted rally, oil prices are down again with a vengeance, retracing levels last seen before the assassination of General Soleimani by the American government.  WTI prices surged…

Oil Poised For Steepest Weekly Decline Since July

Jan 10, 2020 at 10:06 | Tsvetana Paraskova

Oil prices were heading for their worst week since July early on Friday, as fears about a full-blown conflict between the U.S. and Iran in the Middle East subsided a…

Asian Oil Buyers Unfazed By Iran Crisis

Jan 09, 2020 at 10:57 | Irina Slav

Oil prices rose and fell in the aftermath of the latest escalation between the United States and Iran, but one kind of oil remained more resilient than the…

Oil Tanks As Trump Claims Iran Is Standing Down

Jan 08, 2020 at 12:46 | Julianne Geiger

Oil prices fell on Wednesday afternoon after US President Donald Trump announced that Iran was backing off its retaliatory stance, and was, as the US President put it, “standing down”.…

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