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Oil price
Oil Price
US Oil Futures Dip over 7 Pct Amid Oversupply Concerns
Oil prices dropped noticeably Sunday night with the US benchmark down more than 7 percent amid persistent oversupply concerns.
Oil&Gas Drilling
Diamond Offshore Files for Chapter 11 Bankruptcy Amid Historic Oil Price Crash
Diamond Offshore Drilling Inc., a rig contractor owned by Loews Corp., filed for bankruptcy.
Market Analysis
When Oil Became Waste: A Week of Turmoil for Crude, and More Pain to Come
In its nearly 40-year history, U.S. oil futures have never fallen below $10 a barrel.
Market Analysis
EU needs clear European Green and Solidarity Pact by September
Stark predictions around the unprecedented economic challenges facing Europe (and the world) are starting to take shape.
Oil & Gas Trade
Japan Urges G20 Energy Summit to Address Importance of Stable Oil Prices
Japan hopes a Group of 20 energy ministers summit later on Friday will address the importance of stable oil prices and supply after OPEC and its allies agreed t…
Crude Oil
Venezuela's Oil Output Could Fall Again Soon
On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela.
Oil Price
5 Reasons Why Mexico's Oil Industry Is Destined For Disaster
Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020.
Oil Price
Argentina Plans Higher Local Oil Price to Protect Sector Amid Rout
Argentina is home to the huge Vaca Muerta shale deposit, the size of Belgium. It is thought to hold one of the world's largest reserves of unconventional hydroc…
Oil Price
Equinor Cuts First-Quarter Dividend by 67% Amid Oil Price Crash
Norwegian oil firm Equinor (EQNR.OL) will cut its quarterly dividend payment by two-thirds as part of an effort to preserve cash amid the collapse in crude pric…
Oil & Gas Trade
Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout
Shell has delayed a decision on whether to proceed with two large oil and gas development projects in the gulf of Mexico and the north sea.
Oil Price
US Oil "Technically Worthless," and Coal Plants Shuttered, as a Tidal Wave of Bankruptcies Looms
May contracts for West Texas Intermediate (WTI) crude oil went as low as -$37.63 on Monday.
Oil Price
How Nigeria Can Leverage on Negative Oil Prices
Governments of oil producers like Nigeria, whose economies were already reeling from the headwinds brought on by COVID-19 must have been wondering what they wou…
Crude Oil
Mexico's President Fears The Economic Consequences As Oil Prices Go Negative
Mexico will try to reduce spending with additional austerity measures amid the coronavirus pandemic and the oil price collapse, but it will not dismiss governme…
Crude Oil
Trump Calls for U.S. Oil Industry Bailout as Prices Plunge
U.S. President Donald Trump said on Tuesday he has asked his cabinet to devise a plan to inject cash into the ailing U.S. oil-drilling industry to help it survi…
Oil Price
The Worst Is Yet To Come For Oil Prices
Dashing hopes for some oil producers who may have thought negative prices were a weird quirk, the June WTI contract fell sharply on Tuesday.
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