International

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

Exploration & Production , Crude Oil , Trade , International

Saudi Arabia To Keep Oil Production At Record Rate For Coming Months

Saudi Arabia said it will boost its crude supply in April to a record rate and its oil exports are also set to hit a new high in May.

March 18, 2020

Business , Crude Oil , Trade , International , Shale Plays

Saudi-Russian Oil Price War Unlikely To End Soon

Several industry experts agree that the Russian move was directly targeted at the U.S. shale oil industry, which will bear the brunt of the price war.

March 16, 2020

Crude Oil , Trade , International , Shale Plays

US Energy Guru Daniel Yergin Sees No Easy Way Out Of Oil Price Collapse

"It’s a problem of an oil price war in the middle of a constricting market when the walls are closing in," said Daniel Yergin, who is also vice chairman of IHS Markit.

March 13, 2020

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

Frac Spread: Oil Fight Hits NGL Prices Hard

Hypothetical barrel tumbles to four-year low with tightly squeezed margins.

March 12, 2020

Crude Oil , International

Saudi Arabia, Russia Raise Stakes In Oil Standoff

Saudis rebuff Russian request for talks, plan to hike output to record in April.

March 10, 2020

Crude Oil , Trade , International

Oil Prices Jump After Rout On Stimulus Hopes

Russia also signaled that talks with OPEC remained possible with its oil minister, Alexander Novak, saying he has not ruled out joint measures with OPEC to stabilize the market.

March 10, 2020

Crude Oil , Trade , International

OPEC Countries Lose $500 Million A Day In Oil Price Crash

For the most part, oil is a top income source for members of OPEC and such a dramatic fall in prices will put a strain on their economies.

March 10, 2020

Crude Oil , Trade , International

IEA: Global Oil Demand Set For First Contraction Since 2009

The downward revision came as oil prices dropped as much as third in their biggest one-day fall since the 1991 Gulf War.

March 9, 2020

Crude Oil , Trade , International

‘Crazy’ Saudi Oil Price Cuts Seen Reigniting Market Share War

The world's top producers including Saudi Arabia, Russia and other Middle East producers were last locked in a market share war between 2014 and 2016.

March 9, 2020