Article Archive | Page 689

Apr 15, 2020 at 12:11

Global oil production cuts could end up rising to 20 million bpd, including forced reduction of output such as already underway in the United States, the Saudi Energy Minister, Abdulaziz…

Apr 15, 2020 at 11:57

OPEC may have reached a deal to cut 10 million bpd, but for many U.S. shale producers, it is too little, far too late. Much ado…

Apr 15, 2020 at 10:45

OPEC+ and large producers such as Canada, Norway, Mexico and Brazil came to an output cut agreement this weekend, but a coordinated output reduction in the United States isn’t likely…

Apr 15, 2020 at 10:09

A day after the American Petroleum Institute estimated crude oil inventories had added more than 13 million barrels, the Energy Information Administration confirmed a build, and a much higher…

Apr 15, 2020 at 08:19

WTI Crude prices tumbled early on Wednesday to below $20 a barrel, after the International Energy Agency warned of a record oil demand slump this year, adding additional bearish tilt…

Apr 14, 2020 at 17:30

Oil and gas production in the United States has peaked and is already in decline.  The latest data from the EIA’s Drilling Productivity…

Apr 14, 2020 at 17:15

The coronavirus pandemic is one of the biggest and unprecedented seismic shifts in the global economy that we’ve ever seen in modern history, and it’s just getting started.                Already,…

Apr 14, 2020 at 16:36

Well, it’s done and dusted. After keeping the world on the edge of its figurative seat for several days last week, OPEC+ announced a paltry 10 mm BOPD…

Apr 14, 2020 at 15:18

This weekend, OPEC and its partners managed to agree on a historic oil production cut to the tune of 9.7 million bpd. The initial number the cartel eyed…

Apr 14, 2020 at 13:24

With OPEC and its partners failing to inject some bullish sentiment into oil markets with their historic production cut deal, our analysts recently shared their forecasts on where oil will…

Apr 14, 2020 at 13:13

After months of high drama and unceasing tedium, the OPEC+ group of countries, led by Saudi Arabia and Russia, finally granted President Trump his wish and 

Apr 14, 2020 at 12:36

Last time when prices at the pump were so low—about four years ago—it was heaven for drivers. Now, with lockdowns across most states, it is anything but: gasoline may indeed…

Apr 14, 2020 at 12:00

Oman increased its crude oil and condensate production in March by nearly 13 percent from February, after the collapse of the OPEC+ deal early last month, according to data from the…

Apr 14, 2020 at 11:05

As if oil prices needed any more help on their downward spiral towards the teens, The IMF just slashed global growth to the worst since the '30s.…

Apr 14, 2020 at 10:05

Saudi Arabia did not intend for U.S. oil producers to suffer, Saudi Energy Minister, Prince Abdulaziz bin Salman, said in an interview with a select group of reporters, including Energy…

Apr 14, 2020 at 09:07

If US states ease national lockdowns and oil demand improves, oil prices could recover to $40-$45 a barrel by the end of this year, the chief executive of Gazprom Neft 

Apr 13, 2020 at 17:53

Quite aside from the subtler elements of the oil deal announced late last week that are likely to undermine its ability to stave off further oil price lows…

Apr 13, 2020 at 17:44

“The historic agreement that we saw…is only 10 mb/d. But that is only half of the story,” U.S. Secretary of Energy Dan Brouillette said

Apr 13, 2020 at 17:24

Saudi Arabia has said that even more production cuts could be on the horizon, after sealing a 9.7 million bpd production cut over the week from the OPEC+ group, Saudi…

Apr 13, 2020 at 16:50

The largest banks in the United States are preparing to seize the assets of shale companies across the West Texas Permian Basin. What was once the epicenter of…