supply glut

U.S. crude oil futures tread back into positive ground after historic dip into negative territory

By admin1 on April 21, 2020 • ( 0 )

On Tuesday, after sinking into negative territory for the first time ever, U.S. oil prices climbed back into positive ground although Brent continued its downward trend midst falling demand during the coronavirus pandemic. As of 0356 GMT, U.S. West Texas… Read More ›

Fighting for marketshare OPEC+ wants U.S. to cut oil production as well

By admin1 on April 7, 2020 • ( 0 )

According to three OPEC+ sources, the group of oil producing nations known as OPEC+, which includes Saudi Arabia and Russia, may agree to a truce in the oil war and cut production at a meeting scheduled for Thursday, as long… Read More ›