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Tag: oil


Chemical, Conventional Fuels, News and Policies, U.S.

The US is set to lose its spot as world’s top oil producer — and it ‘doesn’t have a lot of tools’ to do anything about it

March 30, 2020

Via: CNBC energy

The U.S. is all but guaranteed to lose its hard-earned spot as the world’s number one oil producer this year amid the recent price crash, vanishing demand and a plunge in capital investment, energy experts say. That could mean potentially […]


Commercialization, Conventional Fuels

Cramer sees oil plummeting below $20 per barrel on dual coronavirus-price war crises

March 27, 2020

Via: CNBC energy

CNBC’s Jim Cramer said Friday he thinks the price of oil will fall further because of demand and supply shocks from the dual crises of the coronavirus pandemic and global producer infighting. Cramer cited oil prices as something high-frequency, computerized […]


Commercialization, Conventional Fuels

Oil Headed To $10 A Barrel As Virus Lockdown Eradicates Fuel Demand

March 26, 2020

Via: Forbes

Oil prices have collapsed by more than half this year, to $23 per barrel today for West Texas Intermediate crude. But now is not yet the time to buy oil — because the worst is yet to come. Gasoline demand […]


Commercialization, Conventional Fuels, Energy Economics

Texas Regulator To Trump: The ‘Appropriate Time’ To Intervene In Oil Markets Is Now

March 20, 2020

Via: Forbes

During his coronavirus Task Force press conference on Thursday, President Donald Trump said he was considering intervening in the situation with the global oil market “at the appropriate time”: “It’s very devastating to Russia because when you look at it, […]


Commercialization, Conventional Fuels

Central Asia Needs A Financing Solution To Low Oil Prices

March 17, 2020

Via: Forbes

The ongoing slide in global oil prices – catalyzed by the novel Coronavirus and fueled by structural issues including excess supply from oil giants like the U.S., Russia and Saudi Arabia, and slowing demand growth – is creating a new […]


Commercialization, Conventional Fuels

What Does The Oil Price Crisis Mean For The Energy Transition?

March 13, 2020

Via: Forbes

The current crisis facing the oil industry happened seemingly overnight, the result of a two-pronged situation: the economic slowdown caused by the global COVID-19 pandemic and the predatory attempt by Saudi Arabia and Russia to eliminate competition from the American […]


Commercialization, Conventional Fuels

Oil drops as much as 8%, on pace for worst week in more than a decade

March 12, 2020

Via: CNBC energy

Oil prices dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and demand side. U.S. West Texas Intermediate crude is now down more than 25% this week, putting it on track […]


Commercialization, Conventional Fuels

Is This The Next Oil Price Collapse?

March 9, 2020

Via: Forbes

While OPEC and its compatriots struggle to cope with the demand weakness caused by the covid19 virus, it must be asked if this is more than a brief interlude in an otherwise robust oil market (robust in terms of price, […]


Commercialization, Conventional Fuels

OPEC deal in jeopardy as Russia stalls over deepest round of supply cuts since 2008

March 6, 2020

Via: CNBC energy

OPEC and non-OPEC allies have so far failed to agree on how much production to cut amid the coronavirus outbreak, with Russia reportedly refusing to give the green light to the deepest supply cuts since the global financial crisis. Oil […]


Commercialization, Conventional Fuels

Oil Prices Hinge On OPEC Decision In Light Of COVID-19 Outbreak

March 5, 2020

Via: Forbes

OPEC ministers reached a deal on Thursday to cut oil production by 1.5 million barrels a day, but it remains to be seen whether Russia and the other OPEC+ partners will go along with the reductions. The OPEC+ is meeting […]


Commercialization, Conventional Fuels

OPEC will ‘go beyond’ what the market has currently priced in, strategist says

March 2, 2020

Via: CNBC energy

OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank. Oil prices have been under pressure since the outbreak of the coronavirus in January dampened the demand outlook for the year. Following the […]


Commercialization, Conventional Fuels

Oil Has Nothing To Fear But Fear Itself — And Covid19

March 2, 2020

Via: Forbes

Covid19 has now graduated from a concern to a pandemic, regardless of whether it is officially declared so. (Although it might have been by the time you read this.) It appears highly likely that the effect on the economy is […]


Commercialization, Conventional Fuels

Oil prices could remain weak in March and April, even if OPEC cuts production: S&P Global Platts

February 27, 2020

Via: CNBC energy

Even if OPEC cuts production by 600,000 barrels a day, oil prices could remain weak until April, according to a senior analyst at S&P Global Platts. That’s because inventories are rising amid lower oil demand due to the coronavirus outbreak, […]


Commercialization, Conventional Fuels

Oil falls 5%, sliding into bear market territory as coronavirus sparks demand fears

February 24, 2020

Via: CNBC energy

Oil slid more than 4% on Monday, falling into bear market territory as the number of coronavirus cases outside of China surged, worrying investors that a subsequent slowdown in the global economy could dent the demand for crude. U.S. West […]


Chemical, Conventional Fuels, News and Policies, U.S.

Life Outside The Permian: New Report Shows Other U.S. Crude Oil Basins Stagnating

February 24, 2020

Via: Forbes

A new report from Enverus (formerly Drillinginfo) tells a now-familiar story for U.S. producers drilling for oil and gas in basins outside of the Permian: A focus on cutting costs, increasing efficiencies and prioritizing drilling for oil over natural gas. […]