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Oil & Gas News
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2.1KShale Giants Clash Over Oil-Supply Cut to Survive Crude Rout
By: Kevin Crowley & Rachel Adams-Heard at Bloomberg – One of the biggest Texas shale explorers warned it will halt all drilling...
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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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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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US crude storage could fill up in May as refinery demand, oil exports plunge 30%
Jordan Blum – S&P Global Platts – HOUSTON — US commercial crude storage could hit its capacity in mid-May as refinery demand and...
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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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1.7K
EIA forecasts U.S. oil boom will reverse amid coronavirus disruption
AXIOS – Pain in the U.S. oil patch from the coronavirus outbreak is no longer on the horizon. It’s here, and several...
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Bakken expected to recover faster from price collapse than in 2015 bust
Williston Herald – A University of North Dakota economist anticipates that it won’t take as long for the Bakken to recover from...
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A historic production cut from global oil powers this week ‘won’t necessarily help all that much’
CNBC – Some of the world’s largest oil producers will meet to discuss a historic production cut later this week, with energy...
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After COVID-19, The Oil Industry Will Not Return To “Normal”
Wal van Lierop – Forbes – The COVID-19 pandemic has shuttered the world’s economies, overwhelmed healthcare systems and taken loved ones from...
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Chaos and scrambling in the U.S. oil patch as prices plummet
NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In...
