OPEC and its allies are having trouble coming to an agreement, because individual countries see thing differently.
Demand for oil is falling so quickly that even a reduction in supply will take some time to affect markets.
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 don’t do that. It’s all a bit of a test for Saudi Arabia and its […]
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.
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 – namely, whether the world will see a peak in demand anytime soon. Click the […]
With drilling rig counts down 80 percent, the Bakken's economy suffers.