Forbes – As with seemingly every other aspect of the COVID-19 pandemic, the fallout and recovery related to the U.S. oil and...
Reuters – A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next...
Oilfield Technology – US oil producers have been expected for some time to have shut down oil production as a result of...
By: Scott Carpenter – Forbes – Bill Gilmer knows an economic bust when he sees one. In the 1980s, when oil prices...
Market Insider – Goldman Sachs is predicting a V-shaped bounce back in oil demand but expects the fuel to face a beating from...
By Leah McGrath Goodman, the Institutional Investor. The first-ever zero oil futures trade happened at 2:08 p.m. ET on Monday, April 20, during...
Reuters – Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21 top executives to...
BARRON’S – Using his fleet of drones, Dale Parrish tracks one of the most sensitive data points in the oil world: the...
S&P Global Platts – The associated natural gas production declines across US plays due to the crude price collapse and the coronavirus...
The coronavirus pandemic has emptied out cities around the world, causing a historic drop in oil demand just as production was reaching...
The four Russian #oil and #gas majors trading in London (Moscow remains closed) have seen their combined market cap collapse by 95% or $190 billion since Putin ordered the attack on Ukraine last Thursday. pic.twitter.com/1lDzdzh6dv
— Ole S Hansen (@Ole_S_Hansen) March 2, 2022
BRENT's six-month calendar spread is signalling a severe shortage of oil as sanctions cut off exports from Russia. The spread is currently trading in a backwardation of more than $13 per barrel. Last time backwardation was this severe was in Sep-Oct 1990 after Iraq invaded Kuwait pic.twitter.com/tZ0NupP0A7
— John Kemp (@JKempEnergy) March 1, 2022
Oil prices surged over 7% on Tuesday to their highest since 2014, as a global agreement to release crude reserves failed to calm fears about supply disruptions from Russia's invasion of Ukraine, and instead underscored energy shortage concerns.
Members of the International Energy Agency (IEA), which includes the United States and Japan, agreed to release 60 million barrels of crude from their reserves to try to quell the sharp increase in prices that pushed major benchmarks past $100 a barrel. read more
Brent futures rose $7.00, or 7.1%, to settle at $104.97 a barrel, their highest close since August 2014.
U.S. West Texas Intermediate (WTI) crude rose $7.69, or 8.0%, to settle at $103.41. That was its highest close since July 2014 and its biggest daily percentage gain since November 2020.
The Yates Oil Field, located in the heart of the Permian Basin, remains one...
Whether the weakness persists will show up first in structure and stocks: if spreads...
Ukraine’s ongoing drone campaign has become a major headache for Moscow, targeting one of...
Operators across the Lower 48 are entering a pivotal new phase of development, where...
The Oklahoma House Energy Committee recently took a hard look at how the Oklahoma...
Algeria has taken another major step to revitalize its oil and gas sector, signing...
In a rare win for both production and environmental performance, a new analysis by...
By Irina Slav for Oilprice.com | The amount of oil on tankers in transit...
Despite years of glossy sustainability campaigns and promises to lead the energy transition, the...
Story By Charles Kennedy |OilPrice.com| Texas’ inventory of orphaned oil and gas wells has...
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