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Why Oil Prices Crashed By 10% Today

Crude oil prices fell by nearly 7% on Tuesday as fears of a recession mount—a scenario that could put a dent in oil demand. The...

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Russia Announces 82-Million-Ton Arctic Oil Discovery

Russian oil and gas giant Rosneft claims to have made an 82-million-ton oil discovery in the Pechora Sea. Rosneft has a controlling interest...

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Oil Prices Spike As OPEC Reveals Production Loss For May

OPEC produced a total of 28.508 million bpd in May. OPEC production fell by 176,000 bpd compared to April. Nigeria and Libya saw...

Energy

Oil Prices Jump As Biden Announces Full Ban On Russian Energy Imports

...U.S. President Biden announced a ban on imports of Russian energy without the participation of European allies. ...The ban includes not only Russian oil, but...

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Oil Supply Crunch Could Trigger A String Of Energy Crises

...Until global oil demand sees a structural decline—not just a pandemic-induced crash—the world will need supply to meet that demand ...Saudi Arabia has been warning...

Energy

BP: Oil & Gas Will Be Needed For Decades

...BP CEO Looney: Oil and gas will have a role to play in the energy system for decades to come ...Any scenario, even the International...

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Oil Prices Slide On Fears Of Tighter Fed Policy

...Crude oil benchmarks fell on Wednesday morning, ahead of the EIA inventory report ...Potential tapering of the Fed's asset purchases could slow crude buying ...The U.S....

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