The oil market is headed for its largest weekly collapse since 2008 as a bitter price war erupted between OPEC and its allies, and demand cratered from the coronavirus outbreak. Futures Continue Reading
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
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
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
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
Crude oil futures tumbled in mid-morning trade in Asia Thursday as signs of a further increase in supply emerged from OPEC producing countries. At 11:10 am Singapore time (0110 GMT), Continue Reading
Oil prices fell for the second straight day on Thursday amid a broad decline in global markets after the United States banned travel from Europe following the World Health Organization’s Continue Reading
The US Energy Information Administration on Wednesday lowered its forecasts for Henry Hub spot natural gas prices forecasts for the first two quarters of 2020, but predicted prices will rise 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
