Tag: WTI

Energy Sector Predictions For 2021

Justin Trudeau, Canada's prime minister, speaks during a news conference at Rideau Cottage in ... Ottawa, Ontario, Canada, on Friday, Jan....

OPEC Plus Agrees To Ramp Up Production By 500,000 Barrels Per Day Starting January, Ending Bitter Standoff In Bid To Save Oil Prices

Topline After days of disagreement, the Organization of the Petroleum Exporting Countries (OPEC) and a group of Russia-led oil producers finally agreed to increase...

BP Will Axe 10,000 Jobs In Response To Coronavirus Downturn

Photo: by Yuriko Nakao/Getty Images Getty Images Oil and gas major BP will cut 10, 000...

Why OPEC+ Oil Production Cut Agreed Under Covid-19 Stress Is Destined To Fall Apart

An oil tanker at the port of Ras al-Khair, north of Dammam, Saudi Arabia. (Photo: Giuseppe Cacace) ...

Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020

West Texas Intermediate: Oil Has Recovered From Record Lows But $40 Prices Before Q3 2020 Unlikely ... (Photo:...

How The Price War Is Hurting U.S. Tight Oil

THE EDGE - SIMON FLOWERS How much will US Lower 48 liquids supply fall in response to low prices? The question keeps coming to...

‘Oil Is Back,’ Tweets Trump. Not So Fast, Says Reality

Doug Lawler, CEO of Chesapeake Energy. BLOOMBERG NEWS Trump at...

Oil Price Crash Drives Diamond Offshore To Bankruptcy With 2,500 Jobs At Stake

(Photo: Tim Rue/Bloomberg) BLOOMBERG NEWS The ongoing oil price slump, that has seen U.S. oil futures...

Are We Nearing Peak Oil Supply?

Are we now deep in the abyss? Brent has tested sub-U.S.$20 a barrel in this downturn and WTI sub-zero. Where are the signs of...

Another Tweet From Donald Trump, Another Unfounded Oil Rally That Won’t Last

U.S. President Donald Trump speaks at the daily briefing of the White House Coronavirus Task Force ... on...

Oil Plummets Over 300% To Almost -$40 A Barrel In Historic Collapse

Getty Images In a historic collapse, U.S. oil prices plummeted over 300% on Monday as traders unloaded their...

Where Next As Oil Closes Below Zero For First Time In Trading History

Oil futures crashed below zero for the first time in history as traders facing demand declines caused by the Covid-19 or coronavirus outbreak scrambled...

Oil Slumps As 10 Million Bpd OPEC+ Output Reduction Fudge Fails To Impress

Oil futures slid on to negative turf after a meeting of OPEC+ ministers led by Saudi Arabia and Russia failed to impress the market...

Higher Natural Gas Prices Could Lead Recovery Of U.S. Energy Industry

It’s hard to find bright spots amid the doom and gloom in today’s oil markets. No matter what happens at the OPEC and G20 meetings...

Oil Price Crash Pushes Whiting Petroleum To Bankruptcy As Stock Slumps 91%

Whiting Petroleum Corporation WLL has become the first oil and gas sector casualty of the current slump in crude demand in...

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