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All posts tagged "OPEC"
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833Oil & Gas NewsOPEC’s Next Hurdle: the Billion-Barrel Oil Glut Left by Covid-19
Bloomberg – While OPEC has helped global oil markets recover from the coronavirus crisis, the cartel will soon face a new challenge:...
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1.1KExploration
Shale Giants Clash Over Oil-Supply Cut to Survive Crude Rout
By: Kevin Crowley & Rachel Adams-Heard at Bloomberg – One of the biggest Texas shale explorers warned it will halt all drilling...
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543Oil & Gas News
A historic production cut from global oil powers this week ‘won’t necessarily help all that much’
CNBC – Some of the world’s largest oil producers will meet to discuss a historic production cut later this week, with energy...
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2.3KOil & Gas News
After COVID-19, The Oil Industry Will Not Return To “Normal”
Wal van Lierop – Forbes – The COVID-19 pandemic has shuttered the world’s economies, overwhelmed healthcare systems and taken loved ones from...
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857Exploration
Texas shale producers ask state to cut oil output as demand plummets during coronavirus pandemic
Texas Tribune – Two Texas oil companies with large footprints in the West Texas oil patch sent a letter Monday to state...
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732Exploration
Oil falls as sinking demand outweighs stimulus hopes
Reuters – Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand...
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848Exploration
U.S. Shale Goes Viral
Forbes – When it rains it pours. International and domestic oil and gas markets and prices are under heavy pressure from COVID-19 impacts and...
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658Investing
Oil prices could hit teens in coming weeks as markets crater over coronavirus and price war
Oil could fall below $20 a barrel and “stock markets could easily shed another 30-40% of their values,” one analyst said. The...
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503Exploration
Oil drops as much as 8%, on pace for worst week in more than a decade
CNBC – Oil dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and...
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717Investing
Somebody big has called this year’s oil market completely wrong
Bloomberg – The world’s three biggest oil-market forecasters are split on what’s going to happen with supply and demand this year —...
