Archives for March 2020
OTC postponed amid coronavirus pandemic
The Offshore Technology Conference, the largest oil and gas conference in Houston, has been postponed because of the novel coronavirus pandemic. Source: FuelFix
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Trump orders mass oil buys to 'fill up' reserve
President Donald Trump ordered the federal government to begin purchasing crude oil to be stored in the Strategic Petroleum Reserve Friday, in a bid to aid the domestic oil and gas industry after crude prices...
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Saudis send oil tanker rates soaring sith huge booking spree
Saudi Arabia is snapping up more and more oil tankers as the kingdom prepares to flood the world with crude causing a surge in the cost of transporting crude. Source: FuelFix
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Oil set for worst week since 2008 as price war grips market
Oil is headed for its largest weekly collapse since 2008 as a bitter price war erupted between Saudi Arabia and Russia, and coronavirus contagion cratered demand. Source: FuelFix
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Oil guru Daniel Yergin calls market collapse unprecedented
The combination of an oil price war led by Saudi Arabia and Russia and the coronavirus pandemic is unlike anything in the history of the oil industry, says historian Daniel Yergin, vice chairman of research...
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