Can even a deal to cut oil production increase prices amid COVID-19?

Demand for oil is falling so quickly that even a reduction in supply will take some time to affect markets.
Many shale oil companies can operate profitably with prices so low.
Justin Sullivan/Getty Images

OPEC fights falling prices with production cuts

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

Will the Saudi-Russian oil alliance hold as production cuts are mulled?

Nov 12, 2018
The price of oil is at its lowest in almost a year. Now officials from Saudi Arabia are suggesting they might cut supply to arrest the falling price. President Donald Trump on Monday said he hopes Saudi Arabia and OPEC…
Russian President Vladimir Putin shakes hands with Saudi Crown Prince Mohammed bin Salman during their meeting at the Kremlin in Moscow on June 14, 2018. 
Yuri KADOBNOV / AFP

The next year in oil could be hard to predict

Jan 9, 2018
As the Energy Information Administration forecast looks to 2019, experts see lots of wildcards that could impact the carefully played hands of oil and gas producers. Click the audio player above to hear the full story. 

Dramatically different views emerge on the future of oil

May 24, 2017
OPEC nations meet this week to discuss cuts to oil production, as prices for crude remain in a slump. Price volatility, changes to car technology, and other major uncertainties are leading to widely divergent views on the future of oil…

Oil price slump has chilling effect on North Dakota

Mar 18, 2016
With drilling rig counts down 80 percent, the Bakken's economy suffers.
North Dakota has experienced a huge drop in the number of active drilling rigs over the past several years.
Andrew Burton/Getty Images

How can we tell if a recession is upon us?

Feb 9, 2016
New York Times senior economics correspondent Neil Irwin talks about the signs of a recession

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Oil prices up, but Iran is in way of going much higher

Oct 8, 2015
If U.S. production falls, Iran is ready to export more.

Who wins and loses as oil prices fall

Dec 9, 2014
The worst-hit countries are small oil producers that depend greatly on the revenue.