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Oil & Gas Trade
Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets
Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.
Oil Price
Oil Prices Will Hit $50 Before The End Of The Year
Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten.
Oil & Gas Trade
OPEC's Roadmap to Stabilization
What is OPEC's roadmap for moving towards stabilization?
Oil Price
Oil Drops More than 8% as Fears Over Second Wave of Coronavirus Cases Hit the Market
Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets.
Oil & Gas Trade
Oil Price Climbs to $42 as China's Imports Hit All-Time High
Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in …
Oil Price
Oil Advances Above $43 after OPEC+ Extends Production Cuts
Oil advanced above $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month.
Oil Price
OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020
Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.
Oil & Gas Trade
Putin, Trump Discuss G7 Summit, Oil Markets Over Phone
Russian President Vladimir Putin spoke by phone with U.S. President Donald Trump at the initiative of the United States.
Market Analysis
Opec's President Calls for an Earlier Meeting of Producers
The proposal would allow members to factor any policy changes to Opec+ cuts ahead of their monthly export allocations
Oil Shale
U.S. Shale Could Crush the Oil Market Recovery
As the two petro-nations duked it out, the global oil glut ballooned to a massive oversupply and oil storage deficiency that persists today.
Oil & Gas Trade
Saudi Loss of China Oil Market Share Likely Brief
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asi…
Oil & Gas Trade
OPEC+ Responds to Oil Market Collapse with Surprise Urgency
The 23-nation coalition is well on its way to cutting 9.7 million barrels of daily crude output, roughly 10% of global supplies.
Market Analysis
Global Oil Demand Could Take Years To Recover
Global oil demand will take at least a year to return to the pre-crisis levels of 100 million barrels per day , Fatih Birol, Executive Director of the Internati…
Oil & Gas Trade
OPEC Says Nigeria's Oil Output Dropped Last Month
The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day, m/bd, in April 20…
Oil & Gas Trade
Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%
Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and …
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