Oil Market Insights

Driven by the negative impact of COVID-19 pandemic and the oil price collapse, almost all of the Oil Majors reported lower earnings for Q1 2020 compared to earnings reported a year ago. Here is an overview of Oil Majors earnings for Q1 2020

Shell Q1 2020 Earning Results and Cost Cutting Measures

Things are getting worse for Weatherford, leading the company to announce filing for Chapter 11 bankruptcy which is expected to be done in the following two months as…

Most Major Oil Companies CEOs expect oil prices to increase slightly over the coming years. However, they don’t expect any sharp increase in oil prices over the coming…

Venezuela is doing the oil market a big favor. The country’s crude oil production has been in a free fall for few years now. This downward trend has…

In January 2018, during an Energy Panel in Davos, Khalid Al-Falih, Saudi Arabia’s energy minister criticized the International Energy Agency (IEA) over its remarks that the explosive expansion…

Since the United States lifted its ban on crude oil exports on December 2015, after the Congress voted to put an end to the 40-year-old export ban, U.S.…

OPEC meeting -the most anticipated event the oil market is waiting for right now- is only a few days away. The meeting outcomes will play a huge role…

Since the beginning of the current oil market downturn, I have read many articles talking about who won the oil market-share war. Many of these articles pointed at…

After falling to three-month lows, breaking below its bear market threshold around $40/bbl, oil prices rebounded sharply in the last two weeks on positive forecasts from the IEA,…

Every industry has a market cycle in which the industry goes through periods of growth and decline. The oil industry is no exception, it is a cyclical industry…

The beauty of the oil industry lays on the fact that it is unpredictable. It has a striking way of surprising everyone. Even those who think they know…