OklahomaMinerals.com
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1.6KOil 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...
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Few U.S. shale firms can withstand prolonged oil price war
Reuters – For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and...
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More Houston energy companies slash spending
Midland Reporter-Telegram – Two more Houston energy companies slashed spending and dividends Thursday after oil prices crashed earlier this week. Apache Corp....
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Oil drops as much as 8%, on pace for worst week in more than a decade
CNBC – Oil dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and...
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Wall Street craters as coronavirus-sparked oil war sends prices spiraling
The Washington Post – Wall Street was under siege Monday as a coronavirus-fueled oil war sent crude prices plummeting more than 20...
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For US crudes it’s out with blending, in with batching
By Chris Baltimore Argus Media – A rising shift to “neat” barrels from cocktail-like crude blends at the Louisiana infrastructure hub at...
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Chesapeake Tumbles Toward Oblivion With Investors Losing Faith
Bloomberg – Chesapeake Energy Corp.’s options for dealing with its towering debt load are shriveling as the natural gas driller seeks to auction...
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South Korea’s thirst for U.S. crude to keep growing in 2020
Reuters – South Korea is on track to overtake Canada as the top buyer of U.S. crude oil in 2020 as a...
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Bankruptcy 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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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...
