Coronavirus: OPEC-Russia consider emergency meeting to cut supply in response to anemic Chinese demand

Feb 3, 2020
Nervous traders are selling oil contracts first and asking questions later.
Nervous traders are selling oil contracts due to concern about the coronavirus cutting oil demand in China.
Ryad Kramdi/AFP via Getty Images
Limits on travel in China are negatively affecting oil prices. Above, people walk through Hankou Railway Station in Wuhan, China on Jan. 21, 2020.
AFP via Getty Images

After the U.S. attack in Iraq, how high will oil go?

Jan 3, 2020
Some analysts say Iran’s most likely initial target for retaliation? Oil facilities in Iraq.
Protesters in Lahore, Pakistan, hold a burned U.S. flag on Friday as they shout slogans during a demonstration near the U.S. consulate following a U.S. airstrike that killed Iranian commander Qassem Soleimani in Iraq.
Arif Ali/AFP via Getty Images

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

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

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

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

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.
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Oil prices rise on Mideast risk assessment

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?

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

Sep 16, 2019
A look at what a drone strike on oil reserves in Saudi Arabia could mean for consumers.
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