A historic drop occurred on April 20, when the price of West Texas Intermediate crude dropped by almost 300%, trading at around negative $37 per barrel.
The price of oil has steadily recovered, jumping by nearly 90% in May …
From CNBC
British energy giant BP plans its investments on the back of a $50 to $70 a barrel range to adequately prepare for oil market swings, its Middle East chief told CNBC.
Crude prices have been on a rollercoaster …
From Bloomberg
Canadian heavy crude’s discount to West Texas Intermediate futures increased to the widest in almost five years, raising the specter of local oil producers curtailing operations.
Western Canadian Select’s …
Canada’s shortage of pipeline capacity is continuing to drive down the price of Canadian oil and it’s …
From the Financial Times
For Saudi Arabia, the rebound in the oil price over the past year has been a strategic triumph. Its diplomacy, including an entente with …
Wednesday’s 1.1 million-barrel build in U.S. crude oil inventories drove West Texas Intermediate crude prices down by roughly a buck. A couple days …
Under pressure from Russian, Iraqi and Iranian oil exports, Saudi Arabia discounted its crude last weekend to maintain its share of big Asian markets.
The price cut, which applies to September purchases, comes after two …
EnerCom, Inc. today posted new executive video interviews with the following companies:
