for Saudi Arabia
Oil's collapse must force a reckoning for Saudi Arabia, which has long relied on oil revenue to hold its economy together.
With demand for oil slumping worldwide, global storage could be full by June.
In addition to oil, energy dominance should harness the diversity of fuels the United States has to offer and use them all to power our transportation sector.
OPEC+ agreed to the largest cuts in history, but oil prices barely moved in response.
The success of the world's largest oil production cut may hinge on the United States.
Despite the coronavirus significantly impacting oil demand, U.S. policymakers should still press for antitrust legislation that acts as a deterrent to OPEC market manipulation.
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.
Differing responses to the effect of the coronavirus on oil markets has caused a split between Russia and Saudi Arabia.