OPEC

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Oil prices could plunge if OPEC and Russia fail to agree on a production cut

By Adrian Croft

April 8, 2020

For boom-bust oil towns, coronavirus is a very different kind of crisis

By Katherine Dunn

April 5, 2020

Red Cross medics check the temperature of a policeman during the 178th meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, Austria, on March 6, 2020. - All eyes are on Russia at the gathering of OPEC countries and their allies, with the cartel hoping to convince Moscow to back drastic production cuts to counter the effects of the coronavirus outbreak. (Photo by ALEX HALADA / AFP) (Photo by ALEX HALADA/AFP via Getty Images)

International

Why the Saudi Arabia-Russia oil price war could mean the death of OPEC

By Julian Lee and Bloomberg

March 17, 2020

Oil pumping jacks, also known as "nodding donkeys", operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Saudi Aramco plans to boost its oil-output capacity for the first time in a decade as the worlds biggest exporter raises the stakes in a price and supply war with Russia and U.S. shale producers. Photographer: Andrey Rudakov/Bloomberg via Getty Images

International

Why Saudi Arabia’s plan to punish Russia with an oil price war likely won’t work

By Dina Khrennikova, Olga Tanas and Bloomberg

March 12, 2020

This picture taken on December 11, 2019, shows a Saudi security boat patrolling by an oil tanker at the port of Ras al-Khair, about 185 kilometres north of Dammam in Saudi Arabia's eastern province overlooking the Gulf. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

International

Saudi Arabia-Russia oil price war escalates as Aramco announces 25% output hike

By Javier Blas, Matthew Martin, Grant Smith and Bloomberg

March 10, 2020

$Oil rigs stand in the Permian Basin area of Odessa, Texas, on Jan. 19, 2019. In the Permian, America's busiest oil patch, a producer needs to blast as much as 60,000 barrels of water into a well every day, along with sand and chemicals, to complete the fracking that cracks open the tight, oil-bearing rock about a mile underground.$