Apr 20 Watch 4:40 Troubled global oil market tanks amid pandemic’s drop in demand Economic damage from the novel coronavirus pandemic has knocked the bottom out of the oil market. The cost of benchmark U.S. crude oil, for delivery in May, actually fell below zero -- dragging down the entire stock market. And in… Continue watching
Apr 02 Trump says he expects Russia and Saudi Arabia to cut oil production By Associated Press President Trump says he expects Saudi Arabia and Russia will end an oil war and dramatically cut production. Continue reading
Mar 10 Why Russia just torpedoed global oil prices By Ryan Chilcote For many of the oil-rich countries, 2020 was already off to a miserable start, but they took a beating on Monday-- a barrel of oil now costs half what it did at the beginning of the year. What happened?… Continue reading
Feb 14 South Sudan ignores reports on oil pollution and birth defects By Sam Mednick, Associated Press The oil industry in South Sudan has left a landscape pocked with hundreds of open waste pits, the water and soil contaminated with toxic chemicals and heavy metals, according to four environmental reports obtained by The Associated Press. Continue reading
Feb 13 Virus outbreak blamed for forecast fall in oil demand By Associated Press The International Energy Agency expects demand for oil to fall by 435,000 barrels per day in the first quarter as a result of the virus outbreak from China. Any fall would be the first quarterly decline in a decade. The… Continue reading
Jan 14 Why the U.S.-Iran conflict should be driving gas prices higher, but isn’t By Scott L. Montgomery, The Conversation Oil traders therefore have much reason to be nervous. But they aren’t. Continue reading
Sep 18 Watch 10:31 What attacks on Saudi oil sites mean for the U.S. and Iran In Riyadh on Wednesday, Saudi Arabia showcased evidence it says proves Iran’s involvement in weekend airstrikes on two major Saudi oil facilities. Iran denies the claim, and given the strained relations between the two countries, how should the U.S. respond?… Continue watching
Sep 17 Watch 5:14 News Wrap: Taliban attacks kill at least 48 in Afghanistan In our news wrap Tuesday, Taliban suicide bombers killed at least 48 people and wounded scores more in two separate attacks in Afghanistan, one of which targeted President Ashraf Ghani’s election rally. The second deadly blast occurred near the U.S. Continue watching
Sep 16 Watch 5:26 News Wrap: Purdue Pharma files for federal bankruptcy protection In our news wrap Monday, besieged drugmaker Purdue Pharma has filed for federal bankruptcy protection. The move was part of a plan by the manufacturer of OxyContin to settle thousands of lawsuits stemming from the opioid crisis. Also, after more… Continue watching
Sep 16 Watch 10:13 How tensions over Saudi oil attacks could ‘spiral out of control’ Airstrikes on Saudi oil facilities over the weekend disrupted markets and increased tensions between the U.S. and Iran. The U.S. blames Tehran for the attacks and has reportedly shared intelligence with Saudi Arabia to back up the assertion. Lisa Desjardins… Continue watching