for Saudi Arabia
Even after historic cuts, lower demand means the oil market is still under pressure.
Cautious optimism is returning to the oil industry, but prices are nowhere near profitable for the domestic industry.
Oil prices have risen ahead of the next OPEC+ meeting, but OPEC-Russian coordination is far from assured.
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