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Oil price
Oil Price
UK Supermarkets Cut Fuel Prices As Oil Continues to Plunge
The RAC said it is the largest single cut it has seen and predicted it will result in prices sinking to a four-year low.
Oil Shale
What Happens if U.S. Shale Goes Bust?
This month has seen a spectacular oil price crash the likes of which we haven't seen in decades. The last time we had since a single day oil price drop as drast…
Crude Oil
Oil Ekes Out Gains as U.S. Stimulus Hopes Lift Global Markets
Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid packa…
Oil & Gas Trade
U.S. Goes Ahead With Oil, Gas Lease Sales Despite Price Crash
Despite calls for immediate suspension of oil and gas drilling lease sales on federal land amid slumping prices, the U.S. will hold lease sales this week in fou…
Oil Price
Libya Says Oil Shutdown Losses Exceed $3.5 Billion
Libya's oil company says economic fallout from a protracted blockade of its vital oil facilities has resulted in losses surpassing $3.5 billion at a time when t…
Oil Price
U.S. Diesel Cash Prices Latest to Slump from Coronavirus Fallout
U.S. ultra-low sulfur diesel was the latest product refined from crude oil to take a hit in its cash market last week, after refiners boosted production in a bi…
Oil Price
Oil Majors Are Preparing For $10 Oil
The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.
Oil Price
US Diesel Cash Prices Latest to Slump From Coronavirus Fallout
US ultra-low sulfur diesel was the latest product refined from crude oil to take a hit in its cash market last week.
Oil Price
Algeria Says to Slash Spending in Response to Oil Price Crash
The President announced a 30% cut in the state's operating budget, but did not specify a new level of spending.
Shale Gas
Not Even Higher Oil Prices Can Save U.S. Shale
The U.S. shale industry is burning through cash so fast that even the state of Texas is looking at government rationed production targets. Texas Railroad Commis…
Oil Price
Trump’s Ultimate Weapon To End The Oil War
U.S. President Donald Trump is facing increasing calls from some U.S. senators and congressmen to pressure Saudi Arabia into ending the oil price war, with one …
Oil Price
Russia Moves In On European Gas Markets As Oil Prices Crash
Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe.
Crude Oil
Azerbaijan Could Soon Tap Its 410 Million Barrel Oil Reserves
Azerbaijan says it has proven an oil deposit in the Caspian Sea is commercially viable, offering a small psychological boost as the country’s oil-based econo…
Oil Price
Oil Prices Can Go as Low as $20 Per Barrel, Level Not Sustainable for Any Country
Starting in April, major oil producers are planning a big increase in production.
Oil Price
The Price War Could Kill The UK's Oil Industry
The UK’s oil and gas industry has called on the government to help the sector as it faces three separate challenges, that could see production plummet.
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