Goldman Sachs: Prepare For $20 Oil
The oil market is heading into a whole different era now that Saudi Arabia and Russia are squaring off in an all-out oil price war following Friday’s failed OPEC+ agreement—and Continue Reading
Energy Industry Faces Reckoning as Oil Prices Crash
The oil-price collapse wiped out tens of billions of dollars in energy-company stock market value in a moment Monday, calling into question the industry’s ability to pay a huge tab Continue Reading
Russia says it can deal with pain of a Saudi oil price war
Russia said it could withstand low oil prices for as long as a decade, setting the stage for a prolonged battle with Saudi Arabia after talks over further production cuts Continue Reading
Shale In Crisis As Oil Prices Collapse
It feels 2014 all over again. Or 2008. The OPEC+ meeting broke up without a deal on Friday, sending oil prices into a freefall. Brent was down by about 9 Continue Reading
Oil Markets Latest News: WTI, Brent Crude Crash on OPEC, Russia
Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia that is likely to have sweeping political Continue Reading
Oil Prices Crash 25% As Oil War Begins
Russia has just sparked what may end up being among the ugliest oil price wars in recent history. And Saudi Arabia is firing back. As the two oil superpowers face-off, Continue Reading
Global Markets Are Rocked as Battle Over Crude Sends Oil Prices Plunging
Oil plunged more than 25%, 10-year Treasury yields dipped below 0.4%, stocks dropped, and currencies swung as the prospect of an energy glut ratcheted up turmoil across markets world-wide. Investors Continue Reading
Shale Oil, OPEC+ Fight: Putin, MBS and U.S. Fracking Industry
At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss was ready to turn the global oil Continue Reading
Global Oil Producers Face Brutal Reckoning After Epic OPEC+ Fail
The alliance between Saudi Arabia and Russia was the only thing that kept the world oil market from tumbling into the abyss. Now its collapse threatens to plunge the industry into a generation-defining Continue Reading
Gasoline Prices Are Plummeting
Everywhere you look, it seems like things have taken a turn for the worst. The coronavirus crisis has wreaked havoc across markets. The U.S. political system is in a frenzy. Continue Reading