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Why one Wall Street firm thinks coronavirus is a ‘true black swan’ for oil and energy markets

Depending on how the coronavirus situation is resolved, "outright demand contraction is now on the table," Pies wrote.

Venezuela is considering the privatization of its state-owned oil industry, report says

President Nicolas Maduro has considered selling shares of the state-owned industry as the country faces economic crisis, Bloomberg reports.

Goldman Sachs: These are the top 4 energy stocks to pick up before 2020

Energy equities are set to bottom in 2020, and that could mean improved energy equity sentiment later in the year, according to Goldman Sachs.
Tim Cook and Mohammad bin Salman

Apple just got dethroned as the world’s largest public company after Aramco’s dizzying $1.9 trillion IPO

Aramco is worth more than the top US energy firms combined. If it were a country, it would have the world's ninth-largest GDP, ahead of Brazil and Canada.
Aramco is shelling out for its IPO.

Saudi Aramco is reportedly shelling out a whopping $450 million on adviser fees for its upcoming IPO

Bloomberg said that the oil giant will pay the fees — about 1% of the $40 billion Aramco is looking to raise — to advisers from over 20 banks.
Former Vice President Joe Biden

Joe Biden scrambles to defend his climate record at 7-hour CNN town hall

At a CNN town hall on Wednesday night, Joe Biden defended both his plan to address climate change and his relationship with the fossil-fuel industry.

Former Trump official Dina Powell has helped put Goldman Sachs in the running for a role in Saudi Aramco’s IPO

The former deputy national security adviser is reportedly part of the team trying to seal the deal for the bank.

Oil tumbles into a bear market as recession fears rage

Gasoline stockpiles also grew by 4.4 million barrels, which shocked the industry as it is currently peak demand season.
HMS Montrose

The UK is deploying another warship to the Persian Gulf as concern grows over a tanker that went missing near Iran

As the US gathers a coalition to protect shipping in the region, an oil tanker went into Iran's waters and mysteriously stopped transmitting.