Oil & Gas News

U.S. oil crashes below $20 on record demand plunge
16.04.2020
311
U.S. oil crashes below $20 on record demand plunge
WTI Crude prices tumbled early on Wednesday to below $20 a barrel, after the International Energy Ag…
Saudi discounts oil to Asia, defending market share after OPEC+ cuts
14.04.2020
596
Saudi discounts oil to Asia, defending market share after OPEC+ cuts
Saudi Arabia might have just signed off on one of the most notable oil output deals in history, but…
Collapsing demand pulls oil down despite output cuts
14.04.2020
298
Collapsing demand pulls oil down despite output cuts
Oil erased earlier gains as the demand destruction caused by the coronavirus pandemic outweighed pla…
Mexico accepts oil output deal, says Trump resolved its impasse with OPEC+
10.04.2020
1 071
Mexico accepts oil output deal, says Trump resolved its impasse with OPEC+
Mexico said it has reached an agreement with OPEC+ for deep oil-production cuts, after an interventi…
OPEC and allies agree to 10 MMbpd production cut
10.04.2020
1 231
OPEC and allies agree to 10 MMbpd production cut
Major oil producers agreed to slash output as feuding members of the OPEC+ coalition buried differen…
Negative Oil Prices are Rare, But Not Impossible
29.03.2020
1 216
Negative Oil Prices are Rare, But Not Impossible
How bad is too bad for oil markets? As prices barrel toward the lowest levels since the start of the…
Oil War Hits Home as Saudis Cut Nearly 5% from National Budget
23.03.2020
947
Oil War Hits Home as Saudis Cut Nearly 5% from National Budget
Saudi Arabia announced 50 billion riyals ($13.3 billion) in budget spending cuts after the crash in…
History Shows the 2020 Oil-price War Won’t End Soon
20.03.2020
454
History Shows the 2020 Oil-price War Won’t End Soon
How long can the vicious oil-price war between Saudi Arabia and Russia last? If history is any guide…
Oil Falls to Lowest Since 2003 as Global Economy Stalls
20.03.2020
1 602
Oil Falls to Lowest Since 2003 as Global Economy Stalls
Oil extended its slide to the lowest level in almost 17 years as the coronavirus pandemic threatens…
Why Fracking Will Never Be Banned In The U.S.
20.03.2020
798
Why Fracking Will Never Be Banned In The U.S.
Several democratic presidential candidates have proposed fracking bans, but oil companies have room…
A Look At How The Oil Price Crash is Upending Markets
14.03.2020
1 732
A Look At How The Oil Price Crash is Upending Markets
A crude-oil price war in the middle a worsening global virus outbreak sent a fresh wave of volatilit…
Coronavirus Punches Hole In Oil Market That OPEC Can’t Fix
04.03.2020
694
Coronavirus Punches Hole In Oil Market That OPEC Can’t Fix
The coronavirus epidemic is a black swan that has severely disrupted the outlook for the global oil…
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