China imported 31 percent more oil from Russia last month while its intake of Saudi crude slipped by 1.8 percent compared to March 2019, Reuters reported, citing calculations based on…
Oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of 2020, when oil prices “will be…
Oil prices look to be facing yet another harrowing Monday, with the price of WTI sliding by more than 20 percent in early morning trading. Global oil…
The oil market is in freefall. The sector collapsed into pandemonium this week when the West Texas Intermediate (WTI) oil price benchmark fell below zero for this first…
The oil majors are facing a financial vice like they never have before. With oil prices hovering around $20 per barrel and no end in sight…
It may seem that the worst-case scenario has already come to pass, as United States crude prices plunged far below zero on Monday, with the West Texas Intermediate…
Many times in the past, Tesla Inc. (NASDAQ:TSLA) has been labeled a 'cult stock' due to its vast investor interest despite the company's somewhat questionable or weak fundamentals.…
We came to the conclusion that the future is a separate line of business when perusing the graphically flashy 2019 annual report issued by Enel S.p.A. the Rome-based…
The global oil sector is reeling from a combination of negative oil prices, storage overload, demand destruction, and calls for a renewable energy revolution in the post-COVID-19 era.…
Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020 – just when it seemed that Russia, Saudi Arabia, the…
Reaching natural gas production of one billion cubic metres per day (Bcm/d) has been one of the three core hydrocarbons resource strategies of Iran since the Islamic Republic…
A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to contain…
Presently, one-sixth of our electric bill goes to pay for fossil fuels to generate electricity. When fuel prices were higher the percentage was even bigger. Despite all the…
As the world continues to grapple with the worst global pandemic in living memory, economists everywhere are warning that we are witnessing the unraveling of something far grimmer than the…
The worst week in oil market history is finally coming to an end, but some analysts are suggesting there may be more pain in store as crude storage cross the…
While it may be tempting to argue that the worst is behind us for oil price given the historic collapse in WTI which crashed to negative $40 on Monday as…
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 64, falling to 465, with the total oil and…
Barring any steep jump the rest of the session on Friday, prices are heading for their eighth weekly loss in the last nine, one of the most volatile weeks in…
COVID Market Update - Continental Resources - the largest producer in the Bakken - has shut in production, sounding alarms across the entire U.S. shale patch. It has also notified…
1. Big Oil dividends at risk- The collapse of oil prices puts dividends at risk.…