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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...

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,...
Halliburton Company

Halliburton goes on survival mode – slash quarterly dividend

Halliburton Company recently announced that the board of directors decided to slash quarterly dividend for the second quarter of 2020 by 75%. Cutting spending again. How...

Earnings Report & Marathon Oil (MRO) laid off 16% of its workforce

Marathon Oil (MRO) missed views and laid off 16% of its workforce, while halting dividend payments and buybacks. It also cut its 2020 capital...
EOG Resources

EOG expects to have six rigs for the remainder of 2020

EOG Resources, Bill Thomas. Second Quarter and Full Year 2020 Forecast We entered this downturn in a position of operational and financial strength, and the...

Saudi Arabia raises crude oil prices

Demand worries are lingering, yet Saudi Arabia has increased crude oil prices, and U.S. oil prices fell more than 3%. Earlier in the day, after...

Liberty was built to survive tough times?

Chris Wright -- Chief Executive Officer and Chairman during his Earnings Call. Our industry has been hit with two large shocks since our last quarterly...

U.S. To Withdraw American Patriot Missiles From Saudi Arabia

U.S. To Withdraw Patriot Missiles From Saudi Arabia and is considering reductions to other military capabilities. “Saudi Arabia is a very wealthy country and they’ve...
CAIRN Energy Mexico Bust

Cairn Energy finds a dry well in Gulf of Mexico.

CAIRN Energy has suffered fresh disappointment with the drill bit in the Gulf of Mexico. Edinburgh-based Cairn told investors yesterday that drilling on the last...

seekingalpha.com Really likes Liberty Oilfield Services

LBRT has very low leverage, which is a significant advantage compared to some of the leveraged oilfield services players. However, its low cash flow...

Trump has meeting with top oil executives

https://www.youtube.com/watch?v=om0EmmsIBrk President Donald Trump said that the U.S. will “get our energy business back,” as he met with oil executives from at least seven companies...

Oops – US suspends plans to buy oil after funding is left out of...

The U.S. Department of Energy is suspending its plans to buy crude for the country’s Strategic Petroleum Reserve after the requested $3 billion in...

Halliburton is looking to Russia for work

Oilfield services firm Halliburton HAL.N and Russia's Gazprom have signed an outline agreement on technological cooperation to construct wells at the Achimov oil formation...

The U.S Oil industry will see thousands of jobs lost

One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000...