OklahomaMinerals.com
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1.7KOil Futures Have Dropped Below $12. Crude’s Problems May Get Worse Before They Get Better.
Avi Salzman – Barrons – Oil futures plunged on Monday as an enormous oversupply of crude is building up at U.S. pipelines....
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3.0K
North America’s Oil Industry Is Shutting Off the Spigot
By Ryan Dezember and Vipal Monga, Wall Street Journal –ENERGY: Canceled orders were mounting when Texland Petroleum LP recently decided to shut in each of...
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1.9K
Railroads Resist Oil Companies’ Demands for Storage in Rail Cars Citing Safety Concerns
NEW YORK (Reuters) – Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to...
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4.1K
U.S. banks prepare to seize energy assets as shale boom goes bust
Reuters – Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time...
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2.3K
$20 oil sends energy companies to restructuring specialists in droves to avoid bankruptcy
Houston Chronicle – Bankruptcy attorneys and restructuring experts are quickly becoming the most popular people in the oil patch. Energy companies are...
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1.5K
Solar CEO: Expand Investment Tax Credit To Include Domestic Oil And Gas
Forbes – As the domestic oil and gas industry moves into what will likely become one of the worst busts in modern...
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4.2K
Coronavirus and Oil-Price Plunge Buries Shale and Occidental’s Big Bet
WSJ – Just weeks ago, Occidental Petroleum Corp. Chief Executive Vicki Hollub sought to reassure investors that her bold bet on U.S....
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1.4K
Oil prices give back early gains to turn negative
Reuters – Oil prices gave back early gains to turn negative on Friday, even as the world’s richest nations poured unprecedented aid into...
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1.9K
U.S. Shale Goes Viral
Forbes – When it rains it pours. International and domestic oil and gas markets and prices are under heavy pressure from COVID-19 impacts and...
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1.6K
Oil prices could hit teens in coming weeks as markets crater over coronavirus and price war
Oil could fall below $20 a barrel and “stock markets could easily shed another 30-40% of their values,” one analyst said. The...
