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Chevron's nearly $11B write-down reflects weak demand and low oil and gas prices

by Scott Tong Dec 11, 2019
Some energy companies are questioning whether they can wait out the current dip in prices.
Chevron noted challenges in natural gas fields in the Marcellus Shale formation and in deepwater oilfields in the Gulf of Mexico.
Joe Raedle/Getty Images

To maintain oil prices, OPEC and Russia entertain further cuts to supply

by Scott Tong Dec 4, 2019
Members of the OPEC coalition of oil producers meet tomorrow in Vienna to discuss an excess of oil supply. The group will be joined by Russia on Friday for further talks. That combined group, known as OPEC-Plus, previously agreed to…
A slowing worldwide demand for gasoline is leading to an excess in supply.
Justin Sullivan/Getty Images

Cost of shipping oil rises as tankers face more attack risk

by Scott Tong Oct 11, 2019
A string of recent oil tanker attacks is leading the industry to take extra precautions and raise shipping and insurance rates.
Fire and smoke billow from a Norwegian-owned oil tanker said to have been attacked in the waters of the Gulf of Oman in June 2019.
AFP/Getty Images

How the energy market affects the price at the pump

by Kai Ryssdal and Bennett Purser Sep 17, 2019
We break down the numbers behind a barrel of oil with Amelie Carlton of Rice University.
This AFPTV screen grab from a video made on Sept. 14 shows smoke billowing from an Aramco oil facility.
AFP/Getty Images

Oil prices rise on Mideast risk assessment

by Scott Tong Sep 16, 2019
The 14% spike, following a weekend attack on a key Saudi oil production facility, reflects what traders consider a "Gulf premium" based on new oil supply risks.
Smoke billows from an Aramco oil facility in Abqaiq in Saudi Arabia's eastern province on Sept. 14 after drone attacks sparked two fires.
AFP/Getty Images

Will spiking oil prices tip us into a global recession?

by Kai Ryssdal Sep 16, 2019
Probably not, says Roberto Perli of the economic policy research firm Cornerstone Macro.
An attack on Saudi Arabian oil facilities caused crude oil prices to spike.
J.D. Pooley/Getty Images

Will oil price spike lead to higher prices at the pump?

by Victoria Craig Sep 16, 2019
A look at what a drone strike on oil reserves in Saudi Arabia could mean for consumers.
Justin Sullivan/Getty Images

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Oil prices aren’t reacting drastically to supply and demand changes

by Ben Bradford Aug 9, 2019
Amid Middle East tensions and the U.S.-China trade war, the price of oil is not wildly different from 2015, 2016 and 2017.
Oil wells at sunset in Moorpark, California as seen in 2009.
David McNew/Getty Images

Iran sanctions: What will become of oil prices?

by Scott Tong Apr 22, 2019
Traders are concerned about supply.
Miguel Villagran/Getty Images

OPEC fights falling prices with production cuts

by Justin Ho Dec 7, 2018
Analysts say OPEC's decision is less about raising prices, and more about stopping them from falling further.

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