U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to “protect” U.S. energy workers from the oil price crash that has been Continue Reading
Jason Kenney, the premier of Alberta – Canada’s biggest oil producing province – told the Financial Times he had held discussions with Washington about tariffs, as a global deal to Continue Reading
Oil advanced back above $31 a barrel in London, reversing earlier declines, as OPEC+ scheduled an urgent meeting next week after a historic slump in prices that has crippled the Continue Reading
Crude futures surged for a second day on Friday, with both U.S. and Brent contracts posting their largest weekly percentage gains on record due to hopes that a global deal Continue Reading
Some American Oil Selling at Under $10 a Barrel U.S. refiners are scaling back fuel production amid the coronavirus-induced plunge in demand for gasoline and jet fuel, and the crude Continue Reading
The historic oil price crash from last month could lead to as many as 50 million job losses globally in the oil refining and retail industry, Reuters quoted the head Continue Reading
Deep output cuts by OPEC and other oil producing nations will not prevent a huge build up of crude, the head of the IEA said on Friday, urging the world’s Continue Reading
The current optimism of analysts and the media that an end to the ongoing OPEC+ oil price spat is near is entirely unjustified. The ongoing oil market volatility, the battle Continue Reading
This brief note analyzes the changes in the price of gasoline during the first 13 weeks of 2020 and compares them with the changes during the first 13 weeks of Continue Reading
U.S. President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid Continue Reading
