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Article Archive | Page 682

Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer

May 04, 2020 at 11:55

Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, told a Russian television…

Oil Jumps On Expectations Of Slowing Inventory Builds

May 04, 2020 at 11:10

Hot on the heels of Goldman's bullish reversal on the oil sector, in which the bank's commodity strategist Damien Courvalin said on Friday that "it now appears likely that the…

Saudi Arabia Braces For “Painful” Austerity Measures As Low Oil Prices Persist

May 04, 2020 at 10:22

Saudi Arabian stocks fell on the first day of trading this week after the Finance Minister of the Kingdom warned that the government was preparing to implement “painful” measures for…

Oil Opens Lower As U.S.-China Spat Escalates

May 04, 2020 at 09:14

After posting the first weekly gain in a month, oil prices plunged early on Monday as tensions between the United States and China grew over the origin of the coronavirus,…

A Major Bull Run Is Forming In Oil Markets

May 01, 2020 at 17:16

The oil market is facing an unprecedented crisis as COVID-19 causes demand destruction and OPEC+ has proven powerless to stop oil prices from crashing. But behind what seems…

Oil Price Crash Hits Latin American Drillers Hard

May 01, 2020 at 17:05

Rigs are vanishing at a rapid clip in the United States, but oil and gas drilling activity is also falling worldwide.  The international rig count fell…

Russia’s Gazprom Moves Forward With New Mega Pipeline

May 01, 2020 at 17:02

The Russian gas export monopoly Gazprom has hit the wall with new European projects – Nord Stream 2 will be finished at some point in the second half…

COVID-19 Could Accelerate The Arrival Of Peak Oil Demand

May 01, 2020 at 17:02

Until three months ago, the oil industry was pinning its hopes on aviation, alongside petrochemicals, for continued growth in oil demand for at least another decade.  

Iraqi Kurdistan On The Brink Of Collapse As Oil Prices Crash

May 01, 2020 at 16:54

Attentive Oilprice readers must have read at least a dozen articles describing how hard Iraq has been hit by the drop in oil prices. Iraq’s political travails are…

Canada’s Oil Patch Struggles To Survive The Worst Recession Ever

May 01, 2020 at 16:54

Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller picture of the…

The Most Critical Oil Storage In The United States

May 01, 2020 at 16:51

“Cushing, Oklahoma: Pipeline Crossroads of the World.” The emblematic slogan of the Cushing oil hub does not exaggerate. Cushing, a town of several thousand, has become a media…

Ethanol Is Taking A Beating In The COVID-19 Crisis

May 01, 2020 at 16:46

In a previous article, I reported that gasoline demand had plummeted to the lowest demand number in more than 50 years.

The Dirty Truth About Delivery Drones

May 01, 2020 at 16:38

With crude oil prices in the toilet, hundreds of millions of gallons of oil stranded in tankers around the world with no buyers, and an oil industry in…

Does Nuclear Power Have A Future?

May 01, 2020 at 16:31

The discussion today about nuclear energy is nothing short of tribal, two warring camps shouting slogans at each other. This so-called debate reminds us of a

The Next Perovskite Solar Breakthrough Could Give Us Endless Energy By 2025

May 01, 2020 at 15:02

Harnessing the motherlode of the sun’s power is almost within our reach.  The sun, our primary source of energy, bathes our Blue Planet in more solar energy than we can…

A Rare Week Of Optimism For Oil

May 01, 2020 at 12:37

Oil markets are on course to see their first weekly gain in over a month as the OPEC+ production cut comes into effect and a wave of shut-ins hit the…

U.S. Rig Count Falls By Nearly 50% In Seven Weeks Of Crisis

May 01, 2020 at 12:35

Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 57, falling to 408, with the total oil and…

Why $20.27 Is A Critical Point For Oil

May 01, 2020 at 11:23

U.S. West Texas Intermediate crude oil futures are up for a third straight session on Friday as major producers began output cuts to offset a slump in fuel demand triggered…

When Will U.S. Oil Storage Reach Its Limit?

May 01, 2020 at 11:23

1. EM currencies hold up against oil- Sixteen of 25 emerging market currencies analyzed by…

The Problem With OPEC's Production Cut

May 01, 2020 at 11:23

Market Movers - While the market waits for the critical OPEC+ production cut deal to kick in, early data on OPEC’s April production suggests that it hit 13-month highs in…

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