A popular post on Russian social media this week depicts Karl Bryullov’s apocalyptic painting “The Last Day of Pompeii”, with Igor Sechin, head of Russia’s biggest oil company, added to Continue Reading
Crude oil futures continued to retrace early-week losses in mid-morning trade in Asia Wednesday amid a slowdown in the number of new coronavirus or COVID-19 cases reported in Asia. At Continue Reading
A mild winter in the northern hemisphere, the COVID-19 outbreak, and now the price war that Saudi Arabia declared last weekend have combined to produce an all-new oil price crisis Continue Reading
Oil’s rebound from its biggest crash in a generation halted after Saudi Arabia said it would boost its production capacity, and the United Arab Emirates joined them in raising supplies. Brent Continue Reading
Oil prices jumped over 8% on Tuesday, bouncing from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying and U.S. producers Continue Reading
The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build of 6.407 million barrels for the week ending March 6, compared to analyst expectations of a Continue Reading
Barclays has become the latest bank to revise its oil price outlook for this year. The UK bank cut its forecast for Brent crude to $43 a barrel from $59, Continue Reading
Oil is climbing back up after falling over 25% on Sunday, but will the rally last? – U.S. natural gas production grew by 9.8 billion cubic feet per day (Bcf/d) Continue Reading
Excess production, depressed demand, and weak prices: this sums up the natural gas market right now even better than it sums up the oil market. Unfortunately, with the China coronavirus Continue Reading
A feud between Saudi Arabia and Russia that sent oil prices plunging on March 9 has rewritten economic forecasts across Eurasia. Azerbaijan, Kazakhstan and Russia – the former Soviet Union’s Continue Reading
