U.S. Oil Drilling Grinds to Halt at Key Shale Hotspots by Nick Cunningham • Apr 15, 2020 • 87 Comments The sudden declines in production illustrates the fatal flaw in the shale business model.
After Coronavirus Measures, China’s Crude Oil Demand Plunges 20%: Industry Sources by Wolf Richter • Feb 3, 2020 • 82 Comments “Largest demand shock the oil market has suffered since the global financial crisis, and the most sudden since the Sept. 11 attacks.”
Drama in the Oil Markets, But This Isn’t 2007 Anymore by Wolf Richter • Sep 16, 2019 • 168 Comments How the US shale boom changed the equation. If the attacks on Saudi oil facilities had occurred in 2007, it would have caused chaos in the US economy.
Bring on Higher Oil Prices: They’ll Boost the US Economy. Powell Sees it Too. A New Experience for the US by Wolf Richter • Jun 20, 2019 • 155 Comments Here’s why.
Huge Backlog Could Trigger New Wave Of Shale Oil by Nick Cunningham • Jan 21, 2019 • 22 Comments Just what the crude oil market needs.
Parker Drilling Bankruptcy Kicks off “Oil Bust 2” by Wolf Richter • Dec 12, 2018 • 26 Comments But look how the bonds got manipulated up 24% in one minute at the close.
Oil Bust Sequel? WTI Plunges over 7% to $55 by Wolf Richter • Nov 13, 2018 • 75 Comments Whiff of short-term capitulation. But crude oil fundamentals not promising.
Venezuela Escapes Bankruptcy for Now… But Oil Production Continues To Plunge by Nick Cunningham • Oct 24, 2016 • 13 Comments Investors buckled, but the country’s plight is only getting worse.
This is What’s Wrong with US Oil by Wolf Richter • Aug 24, 2016 • 38 Comments The chart shows what a truly relentless glut looks like.
Get Ready for More OPEC Rumors this Month by Oilprice.com • Aug 13, 2016 • 9 Comments Oil Soars as Saudi Energy Minister Uses Oldest Trick: Talking his Book.
