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OPEC has to decide whether it will continue to curb oil output

Nov 27, 2020
Ramping up production when demand is still weak could have major consequences on a relatively stable oil market.
Joe Klamar/AFP via Getty Images

Exxon's job cuts are another sign that the oil industry is still in a slump

Oct 30, 2020
Demand for oil has come back a bit, but it's still lower than it was before the pandemic.
Bruce Bennett/Getty Images

"Suppliers are sexy," but the real oil collapse story is demand

Apr 3, 2020
A historic plunge in demand during the global pandemic has pushed U.S. average gasoline prices to $1.91 a gallon.
There's a lack of demand for oil as people stay home during the COVID-19 pandemic. Above, a woman wearing gloves gases up her car in Los Angeles on March 18.
Chris Delmas/AFP via Getty Images

Consumers see cheaper gas at the pump as COVID-19 reduces demand for oil

Mar 5, 2020
Companies are using less oil to make and ship things. As consumers curtail travel, they use less oil, too.
Gas prices in the U.S. are down about 15 cents per gallon since January.
Scott Barbour/Getty Images

OPEC, Russia discuss large oil supply cuts in "demand emergency"

Mar 4, 2020
There was talk that OPEC and Russia might together cut the world's supply of oil by one million barrels a day.
Joe Klamar/AFP/Getty Images