Crude Oil

Crude Oil , Trade , International , Shale Plays

Oil Pipeline, Producer Standoff Prompts New Call for Texas Shale Curbs

Texas Railroad Commission, the state's energy regulator, will weigh a mandated cut at its next scheduled meeting, said Ryan Sitton, the commissioner who first floated 10% cuts two weeks ago.

March 30, 2020

Crude Oil , Trade , International

Ten Signs the Oil Industry Is Bent Out of Shape

The collapse in demand and of energy diplomacy between Saudi Arabia, Russia and others have triggered unprecedented responses from governments and investors. Here are ten signs of an oil industry in distress.

March 27, 2020

Crude Oil

IEA: Global Oil Demand Could Drop 20% as 3 Billion People in Lockdown

IEA's Fatih Birol said that, despite huge demand destruction, oil supply was nevertheless set to rise by another 3 million bbl/d as part of Saudi Arabia's market share battle with Russia.

March 26, 2020

Crude Oil , Trade , Legislation , Storage

Small, Midsize Oil Producers Left Out of Stimulus Bill

The U.S. Department of Energy has withdrawn a solicitation to purchase oil for the Strategic Petroleum Reserve citing a lack of certainty around funding.

March 26, 2020

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Storage

Frac Spread: Shale Shares Misery Down Value Chain

NGL price collapse deprives oil and gas producers who leaned on associated liquids when crude struggled.

March 26, 2020

Crude Oil

Brent’s Fall Creates Steepest Contango in 11 Years

Unprecedented drop in global demand has traders looking forward to post-COVID-19 prices.

March 26, 2020

Crude Oil , International

Lawmaker Urges State Dept. to Boost Oil Price War Diplomacy

McCaul applauds efforts to convince Saudis and Russians to cut production.

March 26, 2020

Crude Oil , Trade

Trump Admin to Buy Oil Despite Exclusion from Stimulus Bill

Small and midsize oil producers are the focus of the initial purchases. Buyers with fewer than 5,000 employees are eligible to submit proposals.

March 25, 2020

Crude Oil , Trade

Trump Administration Looks to Buy Oil for SPR Out of DOE Budget

The Trump Administration has told energy interests not to worry, that money will be found in the DOE's budget, one of the sources said, though it was unclear how much money could be appropriated.

March 25, 2020

Crude Oil , International

Oil Jumps 3% Towards $28 on Fed Steps to Support Economy

Analysts question whether the optimism will hold.

March 24, 2020