Sunday, February 5, 2023
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Oil Market News Today
Advertisement
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
Oil Market News Today
No Result
View All Result
Home Natural Gas

U.S. Shale Could Collapse If Oil Prices Don’t Bounce Back | OilPrice.com

June 10, 2020
in Natural Gas
U.S. Shale Could Collapse If Oil Prices Don’t Bounce Back | OilPrice.com
Share on FacebookShare on Twitter


Unless oil prices move back up to the levels before the COVID-19 pandemic, the U.S. shale industry could collapse, the Institute for Economics & Peace, an Australian think-tank, warned in a new report on Wednesday.

Latest Oil MArket NewsPosts

Chinese Oil Giant CNPC Eyes BP’s $1.5 Billion Stake in Oman Gas Field

Why Iran And China Are Pushing Iraq To Boost Oil Production | OilPrice.com

Oil Prices Inch Higher On Surprise Crude Draw | OilPrice.com

Moreover, the oil price plunge will likely affect the political regimes of some of OPEC’s largest producers, including top producer Saudi Arabia and the second-largest producer Iraq, as well as Iran, the think-tank said.

“The sharp fall in oil prices will affect political regimes in the Middle East, especially in Saudi Arabia, Iraq and Iran, which may result in the collapse of the shale oil industry in the US, unless oil prices return to their prior levels,” the Institute for Economics & Peace said in its report ‘Covid-19 and Peace’ published today.

The U.S. shale industry has curtailed production in recent months in response to the very weak oil prices in March and especially April, when the prompt-month WTI Crude futures contract flipped negative a day before it expired. In recent weeks, however, emboldened by the relief rally in oil in May, some U.S. producers have restarted part of the curtailed production. Analysts warn that the restart of some production is premature and could depress oil prices in the coming weeks, in view of the still uncertain trajectory of global oil demand recovery.

Morgan Stanley, for example, said earlier this week that oil prices had likely risen too fast too soon with the market focusing on supply cuts, while global oil demand may not return to pre-COVID-19 levels before the end of 2021. Related: China Set To Ramp Up Natural Gas Imports This Decade

Goldman Sachs, for its part, turned bearish on oil again, saying this week that the relief rally in oil may be coming to an end as oil market fundamentals are turning bearish once again. Brent Crude prices could slip back to $35 a barrel in the short term, Goldman Sachs said on Monday, citing still uncertain demand recovery and returning production from the U.S. and Libya.

Early on Wednesday, at 7:30 a.m. EDT, both benchmarks were down by more than 2 percent, with WTI Crude down 2.7 percent at $37.93, after the American Petroleum Institute (API) reported on Tuesday a large crude build in U.S. oil inventories.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:





Read More: U.S. Shale Could Collapse If Oil Prices Don’t Bounce Back | OilPrice.com

Tags: BouncecollapseCOVIDcrude oilDEMANDDonteconomicsMiddle EastoilOil PricesOilPricecompricesProductionShale

Related Posts

Chinese Oil Giant CNPC Eyes BP’s $1.5 Billion Stake in Oman Gas Field
Natural Gas

Chinese Oil Giant CNPC Eyes BP’s $1.5 Billion Stake in Oman Gas Field

by Oil Market
July 31, 2020
0

(Bloomberg) -- China National Petroleum Corp. is in talks to acquire part of BP Plc’s stake in a key...

Read more
Why Iran And China Are Pushing Iraq To Boost Oil Production | OilPrice.com
Natural Gas

Why Iran And China Are Pushing Iraq To Boost Oil Production | OilPrice.com

by Oil Market
July 30, 2020
0

There are four key reasons why Iraq is increasing the pace of development on a number of its major...

Read more
Oil Prices Inch Higher On Surprise Crude Draw | OilPrice.com
Natural Gas

Oil Prices Inch Higher On Surprise Crude Draw | OilPrice.com

by Oil Market
July 29, 2020
0

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 6.829 million barrels for...

Read more
Natural Gas Prices Are Coiling With A Big Move Coming Soon
Natural Gas

Natural Gas Prices Are Coiling With A Big Move Coming Soon

by Oil Market
July 29, 2020
0

Welcome to the coil edition of Natural Gas Daily! Housekeeping item first. For the week of 7/24, we have...

Read more
Natural Gas Price Prediction – Prices Slide as Hanna Fades
Natural Gas

Natural Gas Price Prediction – Prices Slide as Hanna Fades

by Oil Market
July 28, 2020
0

Natural gas prices eased on Monday as Tropical Storm Hanna faded as it hit the Texas coast. There is...

Read more
Deutsche Bank Immediately Ends Funding For Oil Sands And Arctic Oil
Natural Gas

Deutsche Bank Immediately Ends Funding For Oil Sands And Arctic Oil

by Oil Market
July 28, 2020
0

Deutsche Bank is ending financing for new oil and gas projects in the oil sands and the Arctic region...

Read more
Next Post
Texas day care center owner speaks out against drilling natural gas wells

Texas day care center owner speaks out against drilling natural gas wells

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Today Oil Markets

Babassu Oil Market Analysis By Distribution Channel , Region And Forecast

New Report: Passenger Car Motor Oil Market : Growth factor with key

3 years ago
Peony Essence Oil Market Analysis 2020 | COVID-19 Impact Research Report

Plastic Waste To Oil Market COVID-19 Impact Analysis

3 years ago
Total Piles Into North Sea Oil as OPEC+ Cuts and Demand Gains

Total Piles Into North Sea Oil as OPEC+ Cuts and Demand Gains

3 years ago
Federal aid for oil patch still in development, three months later

Federal aid for oil patch still in development, three months later

3 years ago
Mould Release Oil Market 2019 Break Down by Top Companies, Countries,

Mould Release Oil Market 2019 Break Down by Top Companies, Countries,

3 years ago

OSIsoft, Tendeka partner to streamline data flow for oil and gas reservoir

3 years ago

Oil Market

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Construction of Dangote oil refinery Africa’s largest nears completion

Construction of Dangote oil refinery Africa’s largest nears completion

July 31, 2020

Russia Oil Market

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

July 29, 2020
Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

July 28, 2020

Europe Oil Market

Oil rises further from 3-week lows, but headwinds loom amid pandemic

Oil rises further from 3-week lows, but headwinds loom amid pandemic

July 31, 2020
Shell posts $18billion loss in second quarter – News for the Oil and Gas

Shell posts $18billion loss in second quarter – News for the Oil and Gas

July 30, 2020
Path to net zero: European oil majors outpace US companies on climate goals

Path to net zero: European oil majors outpace US companies on climate goals

July 29, 2020
Oil price holds near four-month high amid bearish signals – News for the

Oil price holds near four-month high amid bearish signals – News for the

July 28, 2020
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 MarketFor Oil.com

No Result
View All Result
  • Home
  • Market
    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas

© 2020 MarketFor Oil.com