Oil Global oil production war threatens to impact state revenues Matt Leseman, KTUU, March 8, 2020 Alaska is caught in the crossfire of an oil production war between Russia and Saudi Arabia.  “Friday, oil prices dropped almost 10%, in just one day,” said Oil and Gas Analyst Larry Persily.  As of Sunday, the price of Arctic North Slope crude, was … read more

Oil Hilcorp revived this declining North Slope oil field. Can it do the same for Prudhoe Bay?Nathaniel Hertz, Alaska’s Energy Desk, March 5, 2020 For three decades, the overarching story of Alaska’s big North Slope oil fields has been one of decline, with production gradually sinking as companies pumped out the most easily accessible crude.  But over the past few … read more

Oil IEA Plans to Revise Down Oil Demand Forecasts Due to VirusStephen Cunningham, Bloomberg, March 5, 2020 The International Energy Agency plans to revise down its oil-demand forecasts next week because of the spreading coronavirus.  “I am going to announce it Monday morning in Paris,” IEA chief Fatih Birol told a Congressional hearing in Washington on Thursday. “The impacts are … read more