With a barrel of Canadian oil now cheaper than a pint of beer, producers have begun to shut in production.
The amount of oil that can be diverted into the SPR will likely be of little market consequence.
As the coronavirus continues to hit oil demand, pressure has grown on OPEC+ to respond.
As the EIA reports record U.S. oil production figures, a variety of demand-side concerns mean this growth may stall in 2020
Global markets continue to be roiled by the ongoing coronavirus outbreak.
Differing responses to the effect of the coronavirus on oil markets has caused a split between Russia and Saudi Arabia.
The coronavirus's chilling effect on global oil demand is exposing the frailties in Iraq's oil-based economy.
As Coronavirus reignites the global oil demand debate, near-term problems have brought back concerns about the long-term viability of oil and gas.
With oil prices plummeting amid China's coronavirus outbreak, OPEC+ plans drastic action to head off an oil market meltdown