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

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

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

Crude Oil , Trade , Legislation

Iraq Oil Minister Urges OPEC, Non-OPEC Emergency Meeting

In a letter seen by Reuters, Iraq's oil minister asked OPEC Secretary-General Mohammad Barkindo to help "urgently achieve" extraordinary meetings of the OPEC+ group.

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

OPEC+ Calls Off Technical Talks, Mediation Attempts Fail

An OPEC and non-OPEC technical meeting planned for March 18 in Vienna has been called off as attempts to mediate between Saudi Arabia and Russia after the collapse of their supply cut pact made no progress, sources said on March 16.

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

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