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The U.S. Energy Information Administration projected crude output will rise about 8% in 2020.
Read More »US Oil Rig Count Falls Slightly As Producers Cut Spending
U.S. to Sell 12 MMbbl of Oil just as Virus Hits Demand
The U.S. will sell up to 12 MMbbl of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus.
Read More »U.S. to Sell 12 MMbbl of Oil just as Virus Hits Demand
The U.S. will sell up to 12 MMbbl of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus.
Read More »Oil Prices Fall again
Oil prices are moving tangentially to news flows around the deluge of secondary cluster outbreaks.
Read More »Iran Ends Monopoly of Building Key Oil Industry Items
The CEO of Iranian Oil Terminals Company announced construction of the NQ900 electric actuator and automatic sampler controller by local experts.
Read More »US West Coast’s Largest Oil Refinery Erupts in Flames
A massive blaze at the Marathon Petroleum refinery in California led to closure of all lanes of the 405 Freeway Tuesday night in the city of Carson.
Read More »US Shale Oil Production Growth to Slow In 2020
Saudi Aramco CEO Amin Nasser described the project as the start of the kingdom'.s own shale gas revolution.
Read More »COVID-19. Main Culprit in Recent Oil Price Fluctuations
Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
Read More »Oil Prices Down with Virus Rebound and Libya Risks
On Friday. Brent closed at $58.30 while WTI saw prices of $53.38 per barrel.
Read More »Oil Short-Selling Triples Since the Start of 2020
Hedge funds are bracing for more trouble in the oil market. even after crude rebounded for a second week on hopes the coronavirus outbreak’s threat to economic growth is waning.
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