for Low Oil Prices
With a barrel of Canadian oil now cheaper than a pint of beer, producers have begun to shut in production.
The crisis affecting the U.S. oil industry has reached the point where some drillers are now requesting the Texas state government step in to regulate production
The OPEC+ collapse will likely lead to a long and damaging price war, particularly for U.S. shale.
Amid a price war, a global pandemic and shrinking oil demand, there is little hope for oil to rebound in the short term.
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.
Amid weaker demand and chronic oversupply, U.S. shale is facing fundamental questions about its longevity.
If U.S. shale does not live up to market expectations, the oil market could tighten up by more than anticipated.