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Saudi Arabia Slashes April Crude Oil Prices After OPECs Supply Pact Collapsed

2020-03-08 03:45:31| OGI

Saudi Arabia slashed its official selling price (OSP) for April for all its crude grades to all destinations, after OPECs oil supply cut pact with Russia fell apart on March 6, sending oil into a tailspin.

Tags: april prices supply oil

 

KeyBanc: Volatility To Drive Oil, Gas Prices In 2020

2020-02-13 15:00:00| OGI

The current oil and gas investor environment is the worst weve seen in multiple decades, says KeyBanc analyst Leo Mariani.

Tags: prices drive gas oil

 
 

Marathon Oil Profit Misses Estimates As Prices Tumble

2020-02-13 14:35:43| OGI

Marathon Oil's quarterly results mirrored weaker earnings across the sector, as prices of global crude fell in the quarter on oversupply and demand concerns.

Tags: prices oil profit estimates

 

Oil Prices Drop To 13-month Low In Wake Of Coronavirus Outbreak

2020-02-11 00:00:00| OGI

Oil prices have dropped more than 25% from a peak in January with U.S. crude back below $50 a barrel after the spreading virus hit demand in China, the world's largest oil importer.

Tags: low prices oil drop

 

What's Affecting Oil Prices This Week (February 3, 2020)?

2020-02-03 18:42:08| OGI

For the week ahead, Stratas Advisors expect weakness to persist with Brent averaging potentially below $55/bbl.

Tags: february week prices oil

 

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