West Texas Intermediate crude slipped $3.19, or 8%, to trade at $36.60
Crude oil continues it’s schizophrenia moves during today’s trading session after reports of weakness in the post Coronavirus world. The list below is today’s top...
Author: News
Russia’s energy minister calls oil at $50 to $55 a barrel in 2021
“The future recovery is going to be much slower,” Novak told CNBC as demand concerns weighed on crude prices. Goldman on the other hand expects...
Liberty Frac is going to get a whole lot bigger
Liberty Oilfield Services Inc. and Schlumberger announced an agreement for the sale of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada, including...
Citigroup: Hold rating on NexTier Oilfield Solutions
Citigroups Scott Gruber maintained a Hold rating for NexTier Oilfield Solutions (NEX) set a price target of $3.20. The company’s shares closed last Wednesday at...
Why The U.S wants to block the German Nord Stream 2 Pipeline?
Trump administration wants to sanction the German port of Sassnitz and EU Companies that are working with Nord Stream 2, the German & Russian gas...
Ex-Pemex CEO Emilio Lozoya implicates Enrique Peña Nieto in Corruption probe
Mexico’s current president said ex-Pemex CEO Emilio Lozoya is testifying that lawmakers were bribed to pass measures that opened the energy sector to private investment....
A look at China’s economy based on Crude imports?
China has imported a total of 51.29 million crude oil tons in July, expanding 25 percent since a year ago. According to SCMP The central...
Mass Layoffs While Executives Make Millions
Mass Layoffs While Executives Make Millions and Companies Go Bankrupt. That’s according to oilprice.com While West Texas plunged into chaos, some shale founders were apparently...
U.S. oilfield shed 9,344 jobs in July – Oilfield Layoffs Report
The U.S. oilfield-services sector shed 9,344 jobs last month, a 43% increase from June’s losses. That pushes the industry’s total job casualties since the pandemic...
Oilfield workers are turning to Clean energy for Jobs
Getting out of the Oil and Gas Industry?...
The Bankruptcies and Job losses for the week
More than 100,000 American oil workers have lost their jobs since the Corona-pandemic slump began, with service companies bearing the brunt. After more than 200...
Active Drilling rig count in the U.S. fell to 176, the lowest since 2005
Drilling drops to 15-year low in Permian Basin and other U.S. oil patches. The number of active oil rigs in the U.S. fell to 176,...
Trump looks to the oil industry for votes
Speaking in Texas while In his visit to Midland, President Trump said that a lack of fracking would be detrimental to the economy. It’s still...