Apr 27, 2020
A surge of Saudi crude is heading for US ports, the result of the OPEC heavyweight slashing its April selling prices during the thick of its price war with Russia last month.
Oil-state senators are calling on the White House to impose tariffs or other trade barriers to stop the deliveries. So far President Trump has not...
Apr 20, 2020
With the world locked down for the coronavirus, global oil demand is seeing its sharpest plunge on record.
Current estimates have 2020 oil demand contracting by as little as 6.8 million b/d, as predicted by OPEC, to as much as 9.3 million b/d, according to the International Energy Agency.
Still further downgrades are...
Apr 13, 2020
President Donald Trump once saw gasoline prices below $1/gallon
one of his greatest assets in his re-election campaign,
but low oil prices have pushed US shale and American energy
dominance to the brink of collapse and his views have changed.
On this week’s podcast, Bob McNally, president of Rapidan Energy Group,...
Apr 6, 2020
OPEC, primarily Saudi Arabia, has found blame for the recent price collapse, with calls from the US Congress for tariffs, import bans and sanctions. To start this week’s Capitol Crude, Senator Kevin Cramer, a North Dakota Republican, talks about his views on how the Saudis are trying to crater prices and destroy the...
Apr 1, 2020
US lawmakers from oil-producing states are trying to increase pressure on the White House to do something to help drillers getting hammered by plummeting prices -- from aggressive diplomacy to banning crude imports.
We spoke with US Senator Lisa Murkowski, chairman of the Senate Energy and Natural Resources Committee....