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Energy

Big Oil’s Best Survival Strategy

May 20, 2020 at 16:45 | Irina Slav

First, it was an oil price war that pummeled benchmarks into the ground. Then it was the coronavirus outbreak that swelled to a pandemic. Now, a third plague…

Oil Climbs As Fears Of Negative Prices Fade

May 20, 2020 at 16:16 | Alex Kimani

Trader anxiety has earned a reprieve, with oil markets dodging one of many bullets after a key U.S. benchmark oil futures contract avoided a repeat of the April fiasco that…

Downside Risks Remain Despite Oil Price Rebound

May 20, 2020 at 14:33 | Amad Shaikh

The last few days have seen money rushing back into oil, with all crude benchmarks climbing furiously, including Brent showing a 14 percent week over week increase, rebounding from a…

Covid-19 Crisis Could Crush Brazil’s Oil Boom

May 20, 2020 at 14:13 | Nick Cunningham

The coronavirus is spreading like wildfire in Brazil, and the country’s oil industry could get dragged down with it.  “Brazil has the worst COVID growth rate…

The World’s Most Controversial Oil Frontier Falls Out Of Favor With Big Banks

May 20, 2020 at 13:03 | Haley Zaremba

Drilling in the Arctic has been back in the headlines this week with some fresh controversy. The Trump administration has long seen the development of oil and gas…

Is Russia Finally Complying With OPEC+ Cuts?

May 20, 2020 at 12:44 | Tsvetana Paraskova

It looks like Russia is really trying to comply with its share of the OPEC+ production cuts this time, unlike in previous deals when it had regularly exceeded its cap,…

OPEC+ Deal Could Collapse As Oil Prices Shoot Up

May 20, 2020 at 11:43 | Tsvetana Paraskova

The OPEC+ coalition appears determined to ease the global oil glut and lift the oil prices that had cratered in April because of OPEC+ wrangling and crashing global demand in…

33% Of North Sea Oil Is Now Too Expensive To Extract

May 20, 2020 at 11:07 | Tsvetana Paraskova

The oil price collapse will result in one-third of the North Sea oil left untouched because it will be uneconomical to produce, a new study from the University of Aberdeen…

Oil Soars On Bullish EIA Inventory Report

May 20, 2020 at 09:43 | Irina Slav

A week after it served a much-needed boost to markets with a crude oil inventory draw, today the Energy Information Administration strengthened the mood by reporting an oil inventory…

Why The Future Of Oil Rests On China

May 20, 2020 at 09:09 | Tsvetana Paraskova

The pace of oil demand recovery in China and the entire world could be shaped by China’s top policy-setting meetings, which begin on Friday to chart the course for the…

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