After getting tired of losing Market share to American oil Russia and Saudia Arabie are dumping oil at prices the market hasn’t seen the lowest…
Commodities
Mnuchin warns U.S jobless rate could hit 20%…
Treasury Secretary Steven Mnuchin raised the possibility with Republican senators that U.S. unemployment could rise to 20% without government intervention because of the impact of…
The U.S. is preparing to start buying 77 million barrels of oil
The U.S. is preparing to start buying as much as 77 million barrels of oil for its emergency stockpiles within the next two weeks, an…
Oil drops nearly 10% breaking below $29
U.S. West Texas Intermediate crude dropped $3.03, or 9.5%, to settle at $28.70 per barrel. Earlier in the session, WTI fell to a session low…
Hess CEO John Hess said he expects rig count to be half of what it is now
The rig count is expected to be cut in half as oil prices collapse and as an all-out Crude Oil war between Saudi Arabia and…
Warren Buffett talks oil price plunge, his investments that are now at a loss
Berkshire Hathaway CEO Warren Buffett weighs in on investing in oil after having the worst day since 1991.
Oilfield Bust? Time to invest in oil?
The Oil industry is witnessing a major correction. Mass Layoffs and investment pull-back from oil majors are expected after Oil prices plunge because OPEC+ failed…
Oil Sector Companies with high debt could see bankruptcies soon
Eric Hess, Newfleet Asset Management portfolio manager, joins ‘Fast Money Halftime Report’ to discuss the state of the market amid the oil war. Oil Wars:…
Stocks Plunge At Market Open, Dow Down 1800 Points
Trump says oil price plunge is ‘good for the consumer’ as he blames media, oil for stock drop. Investors continued to seek safer assets amid…
Goldman Sachs is now out with a dire warning: $20 a barrel oil.
Brent crude oil futures tanked as much as 31% to $31 a barrel on Sunday evening as Saudi Arabia ratcheted up pressure on Russia by…
No OPEC Deal? – Unprecedented Situation in Oil
OPEC ministers had said on Thursday that the coronavirus outbreak created an “unprecedented situation” that demanded action, as measures to stop the virus spreading dampens…
Oil prices plunge – OPEC+ fails to agree on production cut
The Failure to secure a deal between OPEC, Russia and other members of an alliance known as OPEC+, which was a tool used by The…
Oil markets will see impact from coronavirus shortly: Oil analyst
CNBC’s “Power Lunch” team discusses investing in energy stocks amid the coronavirus outbreak with Paul Sankey of Mizuho. The coronavirus continues to take a toll…
Much of the industry’s growth has been fueled by mountains of cheap debt
Fracking for oil and natural gas has remade the global energy industry in America’s favor. But, much of the industry’s growth has been fueled by…