READ: World Oil Market Faces Million-Barrel Glut in 2025, IEA Says It’s a much different landscape than when Trump first took the White House. In 2017, new investment from private equity and the ...
The smartest insight and analysis, from all perspectives, rounded up from around the web: "How low can oil prices go?" asked Debbie Carlson at The Guardian. Crude prices dipped below $35 a barrel ...
Oil prices opened about one percent lower on Sunday as a persistent glut continued to weigh on prices and COVID-19 eroded global oil demand even as some governments began to ease lockdowns.
The forecast is twice as big as the glut the EIA expects this year, which also was revised up from its previous report. Driving the projections for the gluts are forecasts that non-OPEC and US oil ...
Oil itself seems to have been stuck in a trading range over the last year as shown by the chart from Finviz below, so far either undecided or oblivious to the potential for a glut. Problem is ...