Texas Wildcatters Warming to Output Limits
Some old-guard Texas oil drillers are urging state regulators to clamp down on crude production to halt a price collapse more severe than any of them have ever lived through. Continue Reading
Coronavirus crisis tests Trump’s love for cheap oil
President Trump is working to help an oil industry imploding as the coronavirus crisis chokes demand, but listen closely and you’ll hear his enduring love for cheap prices. Why it Continue Reading
U.S. Is Nowhere Close to Reopening the Economy, Experts Say
How long can we keep this up? It is still very early in the U.S. effort to snuff a lethal pandemic by shutting down much of the economy. But there Continue Reading
Russia Is Ready To Make Major Output Cuts
Russia is prepared to undertake significant cuts to its oil production, according to two Russian sources who spoke to Reuters on Monday. The markets are hanging on every word from Continue Reading
Norway Might Join Output Cuts If Major Producers Reach A Deal
Norway could discuss reducing its oil production if the world’s major producers reach a deal on significantly cutting global oil production, Tina Bru, Minister for Petroleum and Energy of Western Continue Reading
Oil Pares Losses as Investors Weigh Chance of Price-War Truce
Oil pared earlier losses amid signs Saudi Arabia and Russia are making progress on an agreement to curb crude output as the coronavirus wreaks havoc on the global economy. Futures Continue Reading
Stocks jump on virus slowdown hopes, but oil slips on oversupply
Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping Continue Reading
Crude slumps on OPEC+ meeting delay, lack of US commitment
Oil futures fell Sunday evening following news that an emergency OPEC+ meeting planned for Monday was delayed because of a clash between Saudi Arabia and Russia, and a lack of Continue Reading
Oil Negotiators Race for Global Pact With U.S. Role in Balance
Saudi Arabia, Russia and other large oil producers are racing to negotiate a deal to stem the historic price crash as diplomats said some progress was made on Sunday. The talks Continue Reading
Could the world really unite to boost the oil market?
Donald Trump’s claim that oil producers are going to make big cuts in output has helped propel crude prices back above $30 a barrel, from an 18-year low. Brent, the Continue Reading