Tuesday, September 1, 2026
5 charts that explain the Saudi Arabia-Russia oil price war so far- oil and gas 360

5 charts that explain the Saudi Arabia-Russia oil price war so far

CNBC Two of the world’s largest oil producers — Saudi Arabia and Russia — are set to increase production dramatically this month, after an agreement between OPEC and its allies to lower output expired at the end of March. OPEC+ countries have teamed up to reduce their supply to the market since 2017, but failed to reach a deal last month. Riyadh and Moscow then separately announced that they would

Russia, U.S. hold energy talks, as Trump complains about oil cheaper than water- oil and gas 360

Russia, U.S. hold energy talks, as Trump complains about oil cheaper than water

Reuters WASHINGTON/MOSCOW (Reuters) – U.S and Russian energy officials held rare talks about oil after crude prices crashed to levels last seen about two decades ago, while President Donald Trump said oil that was cheaper “than water” was hurting the industry. Oil prices LCOc1 fell nearly 70% from January highs as lockdowns due to the coronavirus hammered demand and as

Oil falls towards $25 as oversupply fears mount with U.S. inventory rise- oil and gas 360

Oil falls towards $25 as oversupply fears mount with U.S. inventory rise

Reuters LONDON – Oil fell towards $25 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories and a widening rift within OPEC heightened oversupply concerns. Pledges of higher output from Saudi Arabia and Russia after a supply pact collapsed and a slide in demand because of the

Whiting Petroleum Corporation reaches agreement in principle with certain of its noteholders to pursue consensual financial restructuring- oil and gas 360

Whiting Petroleum Corporation reaches agreement in principle with certain of its noteholders to pursue consensual financial restructuring

Whiting Petroleum Commences Chapter 11 Reorganizational Process to Right-Size Capital Structure DENVER–(BUSINESS WIRE)–Apr. 1, 2020– Whiting Petroleum Corporation (NYSE: WLL) and certain subsidiaries (collectively, “Whiting” or the “Company”) today announced that they had commenced voluntary Chapter 11 cases under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). The Company has more than $585 million of