Archives for 2020
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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U.S. rig count up by three, still sitting near three-year low
Oil prices have plummeted below $43 per barrel amid the new coronavirus pandemic as well as unsuccessful OPEC+ talks. Source: FuelFix
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Plunging oil prices might be just what U.S. gas drillers needed
As the collapse of OPEC+ talks on production cuts sent energy stocks into a tailspin, one corner of the industry defied the rout: U.S. natural gas drillers. Source: FuelFix
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Saudi Arabia should follow Russia, even if it kills OPEC
(Bloomberg Opinion) — Is it really over? So soon? Russia’s unwillingness to go along with Saudi Arabia’s emergency supply cut fuels speculation the whole OPEC+ thing is done. I don’t agree. OPEC+ has always been largely...
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OPEC+ talks collapse threatening Russia-Saudi oil alliance
OPEC+ talks ended in dramatic failure, auguring the end of a diplomatic alliance between Saudi Arabia and Russia that has underpinned crude prices and changed the balance of power in the Middle East. Oil fell...
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