• 4 minutes Why Trump Is Right to Re-Open the Economy
  • 7 minutes Did Trump start the oil price war?
  • 11 minutes Covid-19 logarithmic growth
  • 15 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 18 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 53 mins America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%
  • 3 mins Russia's Rosneft Oil Company announces termination of its activity in Venezuela
  • 30 mins Saudi Arabia Can't Endure $30 Oil For Long
  • 2 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 15 mins KSA taking Missiles from ?
  • 43 mins Western Canadian Select selling for $6.48 bbl. Enbridge charges between $7 to $9 bbl to ship to the GOM refineries.
  • 1 hour China extracts record amount of natural gas from Gas Hydrates in South China Sea
  • 3 hours Wait till America opens their Q1 401k Investment Statements and see they have lost 35% of their retirement savings. They can blame the Authoritarian Chinese Communist Party..
  • 4 hours There are 4 major mfg of hydroxychloroquine in the world. China, Germany, India and Israel. Germany and India are hoarding production and blocked exports to the United States. China not shipping any , don't know their policy.
  • 6 hours Oxford Epidemiologist: Here’s Why That Covid-19 Doomsday Model Is Likely Way Off
  • 7 hours Hillary Clinton tweeted a sick Covid joke just to attack Trump
  • 5 hours Where's the storage?
Economic Activity Hits A Decade-Low

Economic Activity Hits A Decade-Low

Economic activity has plunged to…

Here’s Why Big Oil Stocks Are Rallying

Here’s Why Big Oil Stocks Are Rallying

Shares of leading oil majors…

News

Schlumberger, Halliburton Announce Hefty Spending Cuts

Schlumberger, Halliburton Announce Hefty Spending Cuts

Mar 25, 2020 at 14:08 | Irina Slav

Schlumberger and Halliburton joined the ranks of oil companies on a spending-cutting spree amid the steep oil price drop. Schlumberger said it would slash its spending by 30 percent…

Coal’s Demise Is Fueling A Wave Of Green Energy Solutions

Coal’s Demise Is Fueling A Wave Of Green Energy Solutions

Mar 25, 2020 at 13:29 | Michael Kern

The slow and painful death of the coal industry is creating some interesting new opportunities for green energy solutions, with industrious capitalists turning…

The Cost Of The Oil Price War Is Growing For Russia

The Cost Of The Oil Price War Is Growing For Russia

Mar 25, 2020 at 13:10 | Irina Slav

Russia's economy needs about a trillion rubles, or roughly $12.7 billion a month over the next few months to emerge stable from the coronavirus pandemic and the oil price crash…

New Gas Find Could Save This Nation’s Economy

New Gas Find Could Save This Nation’s Economy

Mar 25, 2020 at 12:35 | Oxford Business Group

Tunisia has started production at the long-awaited Nawara gas field, a development that is expected to transform the country’s energy balance and provide a significant boon to state…

Suncor Lowers Production, Cuts Spending By 26%

Suncor Lowers Production, Cuts Spending By 26%

Mar 25, 2020 at 11:27 | Irina Slav

One of Canada's biggest oil companies has been forced by low oil prices to partially shut down production at its Fort Hills oil sands…

Troubled Shale Giant Slashes CEO Salary By 81%

Troubled Shale Giant Slashes CEO Salary By 81%

Mar 25, 2020 at 10:39 | Irina Slav

Occidental Petroleum will cut certain employee salaries by 30 percent in response to the steep drop in oil prices, Reuters reported, citing an internal document. CEO Vicki Hollub will see…

Mexican Firm Buys 15 Million Barrels From Venezuela In Oil-For-Food Deal

Mexican Firm Buys 15 Million Barrels From Venezuela In Oil-For-Food Deal

Mar 25, 2020 at 10:02 | Irina Slav

A private Mexican company will buy 15 million barrels of Venezuelan oil under an oil-for-food deal struck with the government in Caracas, the firm, Libre Abordo, told Reuters. Earlier this month,…

Oil Prices Jump On Surprise Crude Draw

Oil Prices Jump On Surprise Crude Draw

Mar 24, 2020 at 15:52 | Julianne Geiger

The American Petroleum Institute (API) estimated on Tuesday a crude oil inventory draw of 1.247 million barrels for the week ending March 21, capturing the period before over half of…

Goldman Sachs Backs A Major Rebound In Gold

Goldman Sachs Backs A Major Rebound In Gold

Mar 24, 2020 at 15:10 | ZeroHedge

A month ago, Goldman Sachs suggested there is more to come for precious metals as with rates getting closer to their lower bound, gold looks increasingly like the safest haven.…

U.S. Goes Ahead With Oil, Gas Lease Sales Despite Price Crash

U.S. Goes Ahead With Oil, Gas Lease Sales Despite Price Crash

Mar 24, 2020 at 15:04 | Tsvetana Paraskova

Despite calls for immediate suspension of oil and gas drilling lease sales on federal land amid slumping prices, the U.S. will hold lease sales this week in four states, Reuters 


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