OilPrice.com

Oil prices continue to rise on the prospect of a rebound in fuel demand as economies begin to reopen. But there is a large difference between oil demand rising from recent lows and actually growing...

While global oil demand is set to rebound with a V-shaped recovery, demand for jet fuel will continue to languish for at least another two years, cut by significantly reduced business travel, Goldman...

The world will soon bounce back from this pandemic, but the recovery will be rough and painful. The current low oil price environment will also come to an end, with prices possibly spiking as demand...

The glut of natural gas could lead to more cancelled LNG exports in the next few months.“It is clear that yes we face today people talk lot about the oil market, but the gas markets are...

It might sound like a headline about Canada’s oil industry or Venezuela’s, but even the most prolific basins in the U.S. shale patch are crumbling under the weight of low oil prices and...

Royal Dutch Shell (NYSE:RDSa) cut its dividend for the first time since 1945, cutting its payout by two-thirds.While U.S. shale drillers face the prospect of near-term bankruptcy, the oil majors are...

The United States shale revolution is over. Production in the Permian Basin, which spreads across West Texas and Southeast New Mexico, has been slowing for months, but the novel coronavirus took...

Oil demand around the world will not return to the pre-virus levels of 2019 until the fourth quarter of 2021, as countries will be slowly emerging from the lockdowns and the economic recession,...

Dashing hopes for some oil producers who may have thought negative prices were a weird quirk, the June WTI contract fell sharply on Tuesday.During intraday trading June contracts collapsed by more...

Oil price futures slipped into negative territory on Monday - a shocking oil-market first - making previous doom and gloom forecasts of OPEC’s too-little-too-late production cuts now seem like...

Oil prices crashed through zero, closing out yesterday at -$37 per barrel, an unprecedented meltdown. There are mitigating circumstances to these insane numbers. The prices for WTI reflect the...

Despite the historic OPEC+ production cut deal, available oil storage capacity around the world is running thin as global oil demand continues to crumble amid lockdowns and travel restrictions in many...

Even before the current spate of Saudi-led lunacy in the shape of the oil price war with the two biggest oil producers in the world loomed into view, Kuwait’s 2020/21 budget projected a KWD 9.2...

Just days after the largest production cut in history, WTI fell below $20 per barrel.The oil world was hyper-focused on what OPEC+ might do over the past week, and on what the Texas Railroad...

Brazil has suspended its 17th licensing round which would have seen the state oil regulator ANP offering 128 offshore exploration blocks throughout the country, fearing that the plummeting oil prices...

Last time when prices at the pump were so low—about four years ago—it was heaven for drivers. Now, with lockdowns across most states, it is anything but: gasoline may indeed be cheap, but...