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2.5KChevron 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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1.6K
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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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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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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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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1.9K
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...
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Oil slides 2% as surplus forecast overshadows Libya disruption
Reuters – Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and...
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Range Resources expects to book asset impairment charge in fourth quarter
Reuters – Range Resources Corp said on Wednesday it expects a significant charge in the fourth quarter related to its oil and...
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U.S. shale producers to tap brakes in 2020 after years of rapid growth
HOUSTON (Reuters) – Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer...
