The current situation in the oil market with prices plummeting is tough, but the market shouldn't be judged by a one-day or even a week-long slump, Vladimir Putin's Press Secretary?
The World's Largest Oil Fund Scrambles To Survive, Reshuffles Holdings Again
The managers of the infamous USO ETF?really?do not want to be dissolve this "retail killer" which in Kyle Bass's words has "vaporized billions from unweary investors this week alone." Just?
Bank Of China Reacts On Turmoil, Suspends New Positions In Crude-Related Product
Following the turmoil in international oil markets, Bank of China?suspended?on Wednesday the opening of new positions in a structured crude oil trading product for retail investors linked to international?
Shell Postpones Investment On Two Major Oil Projects
As oil prices collapse, Shell is postponing the final investment decisions (FIDs) for two planned projects, one in the U.S. Gulf of Mexico and another in the UK North Sea,?
20 Million Barrels Of Oil Stranded As California Runs Out Of Storage Space
Tankers carrying some 20 million barrels of crude oil are idling off the coast of California as onshore storage space runs out and the level of supply remains excessively high.?
World's Largest Oil ETF Halts Creation Of New Trades As Crude Prices Collapse
Trading has been halted for the USO Fund LP that was responsible for sending WTI May crude futures into negative territory on Monday. The United States Oil Fund LP (NYSEARCA:?
Texas Oil Regulators Consider Production Cuts After Historic Oil Price Crash
The Texas oil and gas regulator, the Texas Railroad Commission, is meeting on Tuesday to hear testimony about potentially curtailing statewide oil production after?U.S. oil prices plunged?300% to settle?
Trump Determined To Bail Out The Beleaguered Oil Industry
U.S. President Donald Trump has instructed his administration to look into ways to make funds available to the American oil and gas produces who are struggling amid the lowest oil?
Oil Inventories Near Breaking Point As API Reports 13 Million Barrel Build
The American Petroleum Institute (API) estimated on Tuesday another large crude oil inventory build of 13.226 million barrels for the week ending April 17 as the demand destruction continues unchecked?
China Refines More Oil Than The U.S. For The First Time Ever
The unprecedented situation on the oil market these days has led to yet another industry first. For the first time ever, Chinese refinery throughput has surpassed refinery crude processing in?
