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…
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 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…
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,…
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…
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…
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…
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.
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 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…
“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…
In a previous article, I reported that gasoline demand had plummeted to the lowest demand number in more than 50 years.
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…
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
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…
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…
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…
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…
1. EM currencies hold up against oil- Sixteen of 25 emerging market currencies analyzed by…
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…