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Gasoline florida

Gasoline Futures Fall To $0.50 As Demand Plummets

Gasoline futures have plummeted to…

Putin MBS

The Inevitable Outcome Of The Oil Price War

Russia, with Saudi Arabia either…

Energy / Oil Prices

OPEC flag

OPEC’s Oil Production Plunges, But It May Not Be Enough

Feb 07, 2020 at 17:26 | Tsvetana Paraskova

OPEC saw its crude oil production dip by nearly 500,000 bpd in January from December, overcomplying with the collective cut, the monthly S&P Global Platts survey showed on Friday,…

OPEC 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 gas

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…

Offshore rig

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…

Barrels

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 bank

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…

Aberdeen port

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 tanks

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.

falling stocks

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…

Barrels

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.


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