OPEC just can’t figure out how to kill the U.S. shale boom.
Oil prices surged after OPEC announced a new production cut. But will it be enough to help the group escape the bottom of the barrel?
The latest bluster by Saudi Arabia won't scare America’s oil producers – or solve its own existential crisis.
OPEC collusion used to be bad news for America. Now, the oil patch is cheering signs the cartel might rein in production.
Prices have been low for more than two years. With demand rising and supply falling, that’s all beginning to change.
Crude prices fell after big oil producers failed to rein in output — fruit of Saudi Arabia’s strategic rivalry with Iran.
Cheap oil will last a while longer, as Saudi Arabia makes clear it’s not going to take it on the chin to save beleaguered U.S. producers.
Like other markets buffeted by Chinese economic headwinds, the oil market is in free-fall. But China’s slowdown isn’t really doing much to dampen its thirst for oil.
With demand still growing and output finally shrinking, today’s cheap oil could nearly triple in price in coming years.
OPEC's failure to agree on output will keep U.S. gas prices low.
The research chief of Abu Dhabi’s $750 billion investment fund believes the oil cartel will keep pumping, even though prices are low and there’s already too much of the stuff.