Crude Oil

Crude Oil , Trade , International

US-Saudi Alliance One of ‘Many Ideas’ Being Discussed

"I don't know that that's going to be presented in any formal way ... as part of the public policy process," Energy Secretary Dan Brouillette told Bloomberg.

March 24, 2020

Exploration & Production , Crude Oil , Trade , International

US To Send Official To Saudi Arabia As Texas Regulator Suggests Oil Cuts

Texas oil regulator Ryan Sitton said OPEC Secretary-General Mohammad Barkindo was "kind enough to invite me to the next OPEC meeting in June."

March 20, 2020

Exploration & Production , Crude Oil , Trade , Shale Plays

Texas Shale Producers Ask State To Limit Oil Production

The Texas oil and gas regulator, the Texas Railroad Commission, imposed production limits on producers in the 1930s to try to prop up prices and later was a model for the creation of OPEC.

March 20, 2020

Crude Oil , Trade , International , Shale Plays

Opinion: Why Shale Skeptics Are Wrong

While long-time shale skeptics may be broadcasting a “Return to Normalcy” thesis, there is a simpler question for those not anchored to that thesis: Whose side are you on?

March 19, 2020

Crude Oil , Trade , International

US Oil Price Reverses Losses, Posts Largest One-day Gain On Record

Analysts saw the rebound as a brief reprieve, anticipating additional weakness as the coronavirus outbreak takes its toll on global oil demand.

March 19, 2020

Crude Oil , Trade , International

Trump Says He Will Enter Saudi-Russia Oil Dispute At Appropriate Time

The Trump administration is considering a diplomatic push to get Saudi Arabia to close its taps and using the threat of sanctions on Russia to force them to reduce output, the Wall Street Journal reported.

March 19, 2020

Business , Exploration & Production , Crude Oil , Trade , Shale Plays

Oil Price Plunge To Crush E&P’s Free Cash Flow Goals

Research firm Rystad Energy also predicts the impact of the coronavirus outbreak on global oil markets to worsen as world economies continue to lockdown.

March 19, 2020

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

Frac Spread: Worst Week Ever For NGL Prices

Aftershocks of Market Meltdown Monday continue, with collapsing oil prices dragging down NGL and complicating export markets.

March 19, 2020

Crude Oil , Imports

Senators Boost Pressure On Saudi, Russia Over Oil Market Share War

President urged to embargo oil from OPEC and Russia.

March 19, 2020

Crude Oil

Oil Jumps After Three-Day Slump But Virus And Oversupply Still Weigh

Oil prices bounced nearly 7% on March 19 after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia.

March 19, 2020