Will Historic OPEC+ Cuts Work? Oil Timespreads Say Maybe Not

Oil timespreads are showing the opposite of what was expected after a historic deal among global producers to slash output.

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U.S. crude storage to fill by a third as production continues strong

At current filling rates, a third of available crude storage capacity in the U.S. will already be filled in April, a Rystad Energy analysis shows.

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The Natural Gas Glut Moves Offshore

Liquefied natural gas traders are following the latest trend in the oil market by storing huge amounts of the commodity on tankers, hoping prices will rise before the ship docks.

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Over a million oilfield services job cuts seen in 2020

More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows.

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Research shows current oil price collapse near record proportions

The oil price collapse of the last two weeks has reached near-record territory, according to World Oil’s analysis of historical prices in constant dollars.

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Oil’s demand plunge doing more damage than the price war

Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cutting by one million barrels a day. Bullish, right?

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The U.S. Must Protect Free Markets in the Oil Price War

Texas is poised to benefit from stabilizing global supply, but it needs the federal government to make a deal.

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Oil steadies after testing new lows as coronavirus chaos intensifies

Oil prices steadied on Wednesday after slipping to new four-year lows, sapped by fears for fuel demand and the global economy amid travel and social lockdowns triggered by the coronavirus epidemic.

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