Opinion: Why Shale Skeptics Are Wrong
While long-time shale skeptics may be broadcasting a “Return to Normalcy” thesis, there is a simpler question for those not anchored to that thesis: Whose side are you on?
Trump Says He Will Enter Saudi-Russia Oil Dispute At Appropriate Time
The Trump administration is considering a diplomatic push to get Saudi Arabia to close its taps and using the threat of sanctions on Russia to force them to reduce output, the Wall Street Journal reported.
Iraq Oil Minister Urges OPEC, Non-OPEC Emergency Meeting
In a letter seen by Reuters, Iraq's oil minister asked OPEC Secretary-General Mohammad Barkindo to help "urgently achieve" extraordinary meetings of the OPEC+ group.
Saudi-Russian Oil Price War Unlikely To End Soon
Several industry experts agree that the Russian move was directly targeted at the U.S. shale oil industry, which will bear the brunt of the price war.
Saudi Arabia, Russia Raise Stakes In Oil Standoff
Saudis rebuff Russian request for talks, plan to hike output to record in April.
Post-Meltdown: Expect Surge Of Shale Bankruptcies, Experts Say
A wounded oil and gas industry enjoys better numbers the day after prices plummeted, but steep debt will likely bring about a wave of M&A, bankruptcies and litigation.
Oil Prices Jump After Rout On Stimulus Hopes
Russia also signaled that talks with OPEC remained possible with its oil minister, Alexander Novak, saying he has not ruled out joint measures with OPEC to stabilize the market.
‘Crazy’ Saudi Oil Price Cuts Seen Reigniting Market Share War
The world's top producers including Saudi Arabia, Russia and other Middle East producers were last locked in a market share war between 2014 and 2016.
OPEC’s Pact With Russia Falls Apart, Sending Oil Into Tailspin
Russia rejected a proposal on March 6, saying it was only willing to extend existing OPEC+ cuts of 2.1 million bbl/d, which were due to expire at the end of March.
OPEC Pushing Russia To Support Additional Oil Cuts Amid Coronavirus Outbreak
OPEC members are seeking to win support from Russia to join them in new additional oil output cuts to prop up prices which have tumbled by a fifth this year because of the coronavirus outbreak.