Rice

Oil Price

Oil Could Fall Back To $20

Oil demand is set to plunge by as much as 27 million barrels per day (mb/d) in April, a decline larger than anything that has occurred in the history of oil.

Crude Oil

Mexico Rejects Global Plan To Cut Oil Production

The deadly price war and coronavirus cocktail that threw most of the global industry into a panic seems to have missed one of the large national players: Mexico…

Crude Oil

Global Oil Producers Agree On Joint 10 Million Bpd Output Cut

OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Toda…

Crude Oil

Russia: U.S. Shale Decline Can’t Count As ‘Output Cut’

Production declines across the U.S. shale patch as companies reduce drilling and spending cannot be viewed as a voluntary U.S. cut aimed at supporting oil price…

Oil Shale

Is U.S. Energy Dominance Coming To An End?

America’s era of “energy dominance” was brief.

Oil Price

Oil Rises As Markets Eye OPEC, Russia Meeting on Output Cuts

Oil prices rebounded Wednesday after two straight days of declines.

Crude Oil

Trump: Free Markets Will Determine U.S. Oil Production

U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week.

Oil Price

African Energy Chamber Urges OPEC and OPEC+ to End Oil Price War

OPEC and OPEC+ are set to meet in Vienna on Thursday, April 9 to try to reach a deal on ending the current oil prices war.

Solar Power Panel

Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing

The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low oil and gas…

Oil Price

Oil Could Dive Below $10 if OPEC & Allies Fail to Agree Production Cut Deal

According to the agency's report, a fall in demand and an increase in supply could result in more than 20 million barrels per day of excess oil.

Oil & Gas Trade

Gas Prices Drop in West Virginia as Demand Hits Nearly 30-Year Low

AAA reports that the average price of gasoline across northern West Virginia is 5 cents cheaper this week at $1.851 per gallon.

Oil Price

Oil Rises 3% on Hopes for Output Cut as Coronavirus Ravages Demand

Oil prices rose on Tuesday as hopes grew that the world's major oil producers would agree to cut production.

Crude Oil

The World’s Biggest Oil Deal Can’t Save Crude Prices

G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull in other oil-pr…

Crude Oil

OPEC+ Debates Biggest-Ever Oil cut, Awaits U.S. Efforts

Russian Energy Minister Alexander Novak told Russian state media that he understands the United States has legal restrictions on output cuts, but it should sti…

Oil Price

The OPEC+ Meeting Could Send Oil Prices Crashing Below $10

The current optimism of analysts and the media that an end to the ongoing OPEC+ oil price spat is near is entirely unjustified.