Mar 30, 2020
The consequences of this will likely last years. In the midst of a price war, global oil demand is in a free fall. The spread of the coronavirus has left 3 billion people worldwide unable to get on a plane, drive to work or go anywhere, really, at all.
In response, global oil demand is plummeting. The...
Mar 23, 2020
As oil prices dipped to levels not seen in nearly two decades, US shale operators slashed budgets and rig counts and braced for a hellish few months, if not years. Is even a modest price rebound possible in the near term? Will Saudi Arabia and Russia return to talks over a new supply cut? Has the price collapse forever...
Mar 19, 2020
US Energy Secretary Dan Brouillette joined Capitol Crude hours after his department announced it was seeking an initial 30 million barrels of US crude oil to store in the country's emergency stockpile.
This is part of President Donald Trump's pledge to fill the Strategic Petroleum Reserve "right up to the top."
We spoke...
Mar 15, 2020
The fallout from the coronavirus and the collapse of the OPEC+
supply cut agreement have dealt US shale producers a massive blow.
How the sector ultimately fares might depend on where US oil
exports are headed.
US crude exports climbed above 4 million b/d in the last week of
February, but will that represent a peak for...
Mar 9, 2020
The relationship between the US and Saudi Arabia is ... complicated. For decades, the US has depended on the Saudis for crude oil exports and the Saudis have depended on the US for military protection. But US shale oil growth has changed all that.
On this week’s Capitol Crude, Ellen Wald talks about the state of...