Archives for March 2020
Shale drillers are staring down the barrel of worst oil bust yet
America’s shale drillers have never faced an oil bust quite like this. The split between Russia and its one-time OPEC allies last week has ignited an all-out price war, leaving oil markets defenseless against the...
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Oil crashes 31% in worst loss since 1991 in price war
Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences. Source: FuelFix
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U.S. firm invests $100 million into VLCC-ready oil export terminal
Connecticut private firm Prostar Capital plans to invest $100 million into a recently acquired terminal in the Caribbean that will be able to receive some of the largest oil tankers in the world. Source: FuelFix
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Oil plunges near $30 a barrel as Saudi-Russia price fight erupts
Oil markets tumbled the most since the Gulf War in 1991 after the disintegration of the OPEC+ alliance triggered an all-out price-war among the world’s biggest producers. Source: FuelFix
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Saudis plan big oil output hike, beginning all-out price war
Saudi Arabia plans to boost oil output next month to well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia. Source: FuelFix
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