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Oil Price War Could Wreak Havoc On Eurasian Economies

A feud between Saudi Arabia and Russia that sent oil prices plunging?on March 9 has rewritten economic forecasts across Eurasia. Azerbaijan, Kazakhstan and Russia ? the former Soviet Union's?

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Gas Could Be In Even Bigger Trouble Than Oil

Excess production, depressed demand, and weak prices: this sums up the natural gas market right now even better than it sums up the oil market. Unfortunately, with the China coronavirus?

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Oil Rallies Despite Large Crude Build

The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build of 6.407 million barrels for the week ending March 6, compared to analyst expectations of a?

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Oil Price Collapse Continues As Saudis Push For Record-Breaking Production

Crude collapsed by more than 30 percent under the combined pressure of a no-deal end to the OPEC+ meeting last week and Saudi Arabia's announcement on Sunday that it would?

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Russia Can Live With $25 Oil For Years

After oil prices collapsed in the worst drop in nearly three decades?courtesy of the renewed Saudi-Russia rivalry on the oil market ? Russia's Finance Ministry said on Monday that Moscow?

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Coronavirus Causes Unprecedented Oil Demand Destruction

The oil markets have been anticipating a big impact on oil demand from the coronavirus outbreak. That's why we have seen a 30 percent drop in the?

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China's Oil Major Is Producing A New Product... Face Masks

One of China's top oil and petrochemical companies, Sinopec, has launched two production lines for N95 respirators and surgical masks in response to a shortage created by the coronavirus epidemic,?

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US Goes After Iran's Floating Oil Storage

Washington has plans to issue warnings to oil shippers, insurers, and port authorities that storing Iranian crude oil will bring the wrath of US sanctions, a US State Department?

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Standard Chartered Slashes WTI Oil Price Forecast To $32

Expecting a fierce and protracted oil price war, Standard Chartered slashed on Monday its oil price estimates for this year and next, saying WTI Crude prices would average $32?

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Overexposure To Oil Is Hurting Big Banks

With energy junk bonds?crashing... ... amid a (long-overdue) investor revulsion to the highly levered energy sector, much?

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