Oil falls 7% after Trump surprises with travel curbs
Brent crude slid 7% on Thursday after President Donald Trump restricted travel to the United States from Europe as part of measures to try to halt the spread of coronavirus Continue Reading
Oil Markets Point to a Lasting Glut of Crude
Energy markets are flashing a warning: The world is swimming in crude oil, and the glut won’t drain away any time soon. Twin shocks—the coronavirus pandemic and the breakdown of Continue Reading
Global Recession Risk Spikes as World Powers Down, Markets Slump
A pandemic-driven global recession is becoming more likely by the day as the flow of goods, services and people face ever-increasing restrictions and financial markets slump. In just the past Continue Reading
Economists See Rising Risks of Recession World-Wide
The U.S. and world economies look increasingly likely to slip into recession as expanding swaths of commerce shut down and the Dow Jones Industrial Average suffered its worst day since Continue Reading
Eight days that shook the oil market — and the world
Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, summoned his counterparts in Opec to the Park Hyatt hotel in Vienna for crisis talks last Thursday evening. Earlier that day, the oil Continue Reading
The Real Oil Demand Shock Is Yet To Come
Oil demand has been revised downward several times since the start of the year by nearly every analyst or banking institution thanks to the devastating impact of the coronavirus. With Continue Reading
How Long Will The Oil Price War Actually Last?
The last few weeks have been humbling for those of us who make prognostications about the direction the oil markets may take. Especially so for the bulls, folks who think Continue Reading
Climate Change Is Turning Water Into a Weapon
It’s well below freezing as Renoj Thayyen climbs to the weather station high up in India’s Karakoram mountains, his Koflach boots crunching shin-deep into the snow. The 50-year-old hydrologist has Continue Reading
OPEC+ Panel Cancels Next Week’s Meeting
The March 18 meeting of the OPEC+ panel monitoring the oil market and producers’ compliance with quotas has been canceled, a source in one delegation told Russia’s news agency TASS Continue Reading
Trump authorizes U.S. military to respond after Iran-backed militia kills troops
U.S. President Donald Trump has authorized the U.S. military to respond to Wednesday’s rocket attack by Iran-backed militia in Iraq that killed two American troops and a British service member, Continue Reading