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Article Archive

Offshore

Goldman: The Oil Industry Will Never Be The Same After Coronavirus

Mar 30, 2020 at 12:04

The unprecedented oil demand plunge in the COVID-19 pandemic is poised to change the oil sector forever, as fewer companies holding high-quality assets emerge…

oil trader

Oil Hits $20 For The First Time In 18 Years

Mar 30, 2020 at 10:57

Oil prices plunged on Monday to their lowest levels in eighteen years, below $20 per barrel, as the coronavirus pandemic continues to cripple global oil demand with no signs of…

Saudi Arabia

Oil Prices Slide As Saudi Arabia Confirms Another Export Boost

Mar 30, 2020 at 10:13

Saudi Arabia is not backing down from the oil price war for market share, pledging another increase in its crude oil exports starting in May, despite a growing global glut…

Scoop rig

Russia’s Plan To Bankrupt U.S. Shale Could Send Oil To $60

Mar 27, 2020 at 16:30

As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently. As fate would have it, in…

War

The Shadow War Playing Out Behind The COVID-19 Crisis

Mar 27, 2020 at 16:29

The rush to what is essentially a new wartime footing began consciously and urgently in the first quarter of 2020 between some of the most powerful geopolitical players of the…

Natural Gas Prices

Natural Gas Prices Could Double Next Year

Mar 27, 2020 at 16:09

Unprofitable drilling, a global recession and dwindling access to capital could lead to a decline in U.S. natural gas production this year and next. The declines could finally…

Fracker Trump

An Oilman’s Plea To President Trump

Mar 27, 2020 at 16:05

Dear President Trump, I voted for you and I’m voting for you again. I like what you’re doing with our country. I like too that you…

Coronavirus

How COVID-19 Could Spark The Next Recession

Mar 27, 2020 at 15:47

If the stock markets around the world are telling us anything, it is that there is more uncertainty and pessimism about the economy than there were some weeks…

Refinery

Refiners Are Having To Pay To Produce Gasoline

Mar 27, 2020 at 15:31

When the oil markets go into a deadly tailspin as they have right now, sooner or later, everybody in the value chain starts to feel the heat keenly. …

Canadian Drillers

Canadian Drillers Face Nightmare Scenario As Oil Crashes To $5

Mar 27, 2020 at 15:29

The U.S. shale patch laments oil prices in the low $20s crippling companies with already weakened debt and liquidity profiles. But further north, the outlook…

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