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Oil demand

COVID-19

"Suppliers are sexy," but the real oil collapse story is demand

by Scott Tong
Apr 3, 2020
A historic plunge in demand during the global pandemic has pushed U.S. average gasoline prices to $1.91 a gallon.
There's a lack of demand for oil as people stay home during the COVID-19 pandemic. Above, a woman wearing gloves gases up her car in Los Angeles on March 18.
Chris Delmas/AFP via Getty Images
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Consumers see cheaper gas at the pump as COVID-19 reduces demand for oil

by Mitchell Hartman
Mar 5, 2020
Companies are using less oil to make and ship things. As consumers curtail travel, they use less oil, too.
Gas prices in the U.S. are down about 15 cents per gallon since January.
Scott Barbour/Getty Images
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COVID-19

OPEC, Russia discuss large oil supply cuts in "demand emergency"

by Scott Tong
Mar 4, 2020
There was talk that OPEC and Russia might together cut the world's supply of oil by one million barrels a day.
Joe Klamar/AFP/Getty Images
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