Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursday evening. At 11:06 a.m. EDT, the price of the WTI benchmark had risen by 6.15% to $39.33. While the gains are substantial for the day, they are still under the $40 […]
If there’s one thing three of the world’s most prominent geologists, geochemists and drill completion experts agree on it’s this: Namibia’s Kavango Basin could end up being the last major onshore oil discovery on Earth. There’s almost no known major sources of oil or gas left to discover on land, except in a few wildly […]
Almost anything that could go wrong in 2020 did go wrong. The year started with the Russian/Saudi oil price war and then the COVID-19 pandemic hit the U.S. and the rest of the world, which caused dramatic drops in crude demand and extreme price volatility. As a result, the confluence of these events led to […]
