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2.1KBankruptcy risks rise for US shale
Financial Times – Bankruptcy risks in the US shale sector are rising, with weak oil prices and tightening access to credit worsening...
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1.5K
Oil jumps more than 2% as slowdown in new China coronavirus cases eases fuel demand concerns
CNBC – Oil prices climbed more than 2% on Wednesday as China reported its lowest daily number of new coronavirus cases since...
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2.1K
China Reneges on Commodity Deals, Worsening Global Trade Chaos
Bloomberg – Global commodity trade plunged deeper into chaos as Chinese companies started walking away from purchase contracts because of the spread...
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2.6K
Chevron CEO talks about the decision to pull out of the Marcellus Shale
Pittsburgh Business Times – Chevron Corp. Chairman and CEO Michael Wirth said the oil and gas giant entered the Marcellus Shale at a...
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1.7K
Somebody big has called this year’s oil market completely wrong
Bloomberg – The world’s three biggest oil-market forecasters are split on what’s going to happen with supply and demand this year —...
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2.1K
Chinese Oil Demand Has Plunged 20% Because of the Virus Lockdown
Bloomberg – Chinese oil demand has dropped by about three million barrels a day, or 20% of total consumption, as the coronavirus squeezes the...
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1.8K
At Exxon, CEO’s promised turnaround sapped by chemicals, refining
Reuters – At Exxon Mobil Corp (XOM.N), CEO Darren Woods’ plan to revive earnings at the largest U.S. oil and gas company...
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2.2K
Oil Bankruptcies Are Piling Up
Robert Rapier – Forbes – Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and...
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2.0K
Permian forward gas prices turn negative as 2020 outlook weakens
S&P Global Platts – In a first ever, Permian forward gas prices settled in negative territory this week as the 2020 market outlook...
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BP’s CEO chides AOC and Bernie Sanders for their ‘completely unrealistic’ Green New Deal ideas
CNBC – Outgoing BP chief Bob Dudley on Wednesday criticized sweeping climate proposals from Sen. Bernie Sanders, a top-tier 2020 Democratic presidential candidate, and...
