The shale drilling shutdown continues for its 14th week

Oil exploration shrank for a 14th straight week in U.S. fields amid weak crude prices and skepticism about a recovery in energy demand.

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$190 oil sounds crazy But JPMorgan thinks it is possible

In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a "supercycle" that sends Brent crude skyrocketing as high as $190 a barrel in 2025.

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Why The $17.5 Billion Write-Down Is Just The Beginning For BP

BP, the British oil company, announced this week it would reduce the value of its oil and gas assets by $17.5 billion.

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OPEC+ Cuts Are Weighing On Russia’s Economy

Industrial output in Russia fell last month, largely as a result of the crude oil production cuts that Russian oil companies had to implement following the April agreement by OPEC+ to remove a combined 9.7 million bpd from the global market.

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Midstream Oil Companies Are Beginning To Feel The Pinch

The midstream sector will not be able to offset the lower volume throughput and crash in prices fully, the rating agency said, changing its outlook on the global midstream energy sector to "negative" from "stable" for the first time.

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The Oil Price Rally May Have Gone Too Far

Oil prices are set for their first weekly loss in over a month as a jump in COVID-19 cases threaten the economic recovery while oil supply continues to come back online.

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Why Saudi Arabia will lose the next oil price war

The latest oil price war has done tremendous damage to the Saudi economy, and has significantly deteriorated the kingdom’s relationship with the US.

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Decline in natural gas demand may take years to reset

The global natural gas market is poised for the biggest-ever drop in demand as a result of the Coronavirus crisis, an event that’s likely to hamper the industry’s growth for years to come.

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