Low crude oil prices have already achieved what regulators were seeking: to cut state production.
Midland, Texas, is ground zero for oil and gas production in the U.S., and much of the local economy, in some way or another, is tied to the industry. When West Texas Intermediate went negative for the first time ever…
At this point, oil is like that broken-down car you pay to have towed off to the junkyard.
Demand for oil is falling so quickly that even a reduction in supply will take some time to affect markets.
A historic plunge in demand during the global pandemic has pushed U.S. average gasoline prices to $1.91 a gallon.
The Permian Basin region, anchored by the towns of Midland and Odessa, has survived past shakeouts, but some think this could resemble the crash of the 1980s.
Low oil prices affect all producer nations. Each has different vulnerabilities.
Coronavirus: OPEC-Russia consider emergency meeting to cut supply in response to anemic Chinese demand
Nervous traders are selling oil contracts first and asking questions later.
A George Washington University professor emeritus explains the consequences of 40 years of sanctions.
A string of recent oil tanker attacks is leading the industry to take extra precautions and raise shipping and insurance rates.