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Oil prices

Explaining how oil prices work, after the cost of a barrel dropped below zero

by David Brancaccio and Rose Conlon
Apr 21, 2020
At this point, oil is like that broken-down car you pay to have towed off to the junkyard.
The agreement to cut production from OPEC, Russia and the U.S. clearly hasn't worked.
Spencer Platt/Getty Images
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What's going on with oil prices?

by Victoria Craig
Apr 21, 2020
If you're a consumer stuck in lockdown, you may not benefit from lower prices.
Oil prices have turned negative amid this historic rout. Does that have implications for consumers?
Mauro Pimentel/AFP via Getty Images
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Can even a deal to cut oil production increase prices amid COVID-19?

by David Brancaccio , Rose Conlon and Alex Schroeder
Apr 10, 2020
Demand for oil is falling so quickly that even a reduction in supply will take some time to affect markets.
Many shale oil companies can operate profitably with prices so low.
Justin Sullivan/Getty Images
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Storage is the hottest commodity right now in oil markets

by Justin Ho
Mar 31, 2020
Swooning demand means there's a lot of oil being produced but not consumed. That's making storage prices soar.
The price to store oil is soaring. Above, a pipeline carries oil at the Federal Strategic Petroleum Reserve facility known as Big Hill near Beaumont, Texas.
Joe Raedle/Newsmakers
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Oil price war: Saudis have lowest costs; doesn't mean they'll win

by Scott Tong
Mar 10, 2020
Low oil prices affect all producer nations. Each has different vulnerabilities.
Gabriel Bouys/AFP/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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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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COVID-19

Coronavirus: OPEC-Russia consider emergency meeting to cut supply in response to anemic Chinese demand

by Scott Tong
Feb 3, 2020
Nervous traders are selling oil contracts first and asking questions later.
Ryad Kramdi/AFP via Getty Images
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Chinese travel limits further depress oil prices; analysts consider longer-term impact

by Scott Tong
Jan 27, 2020
How long will lower oil prices persist?
Limits on travel in China are negatively affecting oil prices. Above, people walk through Hankou Railway Station in Wuhan, China on Jan. 21, 2020.
AFP via Getty Images
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After the U.S. attack in Iraq, how high will oil go?

by Scott Tong
Jan 3, 2020
Some analysts say Iran’s most likely initial target for retaliation? Oil facilities in Iraq.
Protesters in Lahore, Pakistan, hold a burned U.S. flag on Friday as they shout slogans during a demonstration near the U.S. consulate following a U.S. airstrike that killed Iranian commander Qassem Soleimani in Iraq.
Arif Ali/AFP via Getty Images
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