Forbes – At the start of the year, even before big oil and gas companies were clobbered by the global coronavirus or...
The first crude oil had actually been discovered by the Chinese in 600 B.C. and transported in pipelines made from bamboo. However,...
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Bloomberg Wire – Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more...
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Avi Salzman – Barrons – Oil futures plunged on Monday as an enormous oversupply of crude is building up at U.S. pipelines....
David Wethe, (Bloomberg) — No one is feeling the pain of an oil collapse more than the shale producers. Except, perhaps, their...
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(Reuters) U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, fell by seven to 622 in the week to March 8, the lowest since Feb. 16. putting the total rig count down 124 rigs, or 16.6%, below this time last year.
Baker Hughes said U.S. oil rigs fell two to 504 this week, their lowest since Feb. 23, while gas rigs fell four to 115, their biggest drop since November.
Harold Hamm, the founder of Oklahoma based Continental Resources and a major figure in...
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U.S. energy firms have reduced the number of oil and natural gas rigs for...
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Story by Tsvetana Paraskova for Oilprice.com: The slump in U.S. natural gas prices in...
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