Happy Labor Day! In this episode your host Tavis talks about factors limiting future pricing, a persistent ocean fire, additional outages in California, Whiting’s return from bankruptcy, and Saudi’s new
In this episode your host Tavis speaks on renewed OPEC cuts, Cristobal, China bolstering its economy, and happy futures. Music: https://www.bensound.com/royalty-free-music
This episode your host Tavis speaks on the (small) potential for $100/barrel oil, potential for conflict between the US and Saudi Arabia, and a second outbreak(?)! This and more on
Members of the group dubbed OPEC+ have (nearly) come to an agreement upon global production cuts, but the market has failed to respond. Does this spell disaster for the industry?
Will Thursday’s OPEC+ meeting lead to global production cuts or will talks fall apart and end without a deal?
In this episode your host Tavis talks about ineffective face masks, the mean-girl slander between Russia and Saudi Arabia, and Texas making steps to push Trump to do its bidding.
Oil prices surged this morning as President Trump announced Saudi Arabia and Russia would be cutting back 10 million barrels of production with more potentially on the horizon. As the White House meets with at least seven U.S. energy CEOs on Friday and an emergency OPEC+ meeting in the coming weeks, the news comes as a brief sigh of relief in a time when our industry is struggling to keep its head above water.
With the world increasingly oversupplied due to a global pandemic and overproduction flooding the market, crude is being forced into storage in hopes of a future when prices begin to stabilize. The only problem – storage is reaching capacity.