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Tag: 2020 Crude Oil Crash

Fool thinks BP,TC Energy,United Parcel Service Would be a great buy in a new...

Oil prices have nosedived quite a few times in recent years. Each tumble has blown a hole in the cash flows of oil companies, causing...

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. banks are preparing to start seizing the shale oil assets of companies

U.S. banks are preparing to start seizing the assets of ailing shale oil companies, Reuters reported today. Major U.S. lenders are preparing to become operators...

OPEC EMERGENCY MEETING

OPEC and its allies will likely postpone the emergency meeting to April 8 or 9, sources say. A meeting of the Organization of the Petroleum...

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...

Brent Crude Falls to 17-Year Low

https://www.youtube.com/watch?v=_o7Dg1U769M Crude crashed to its lowest in 17-years as virus lockdowns cascade through the world’s largest economies. The market has been roiled by cratering demand...

China’s Sinopec cuts 2020 capital spending by 2.5%

Asia’s top refiner China Petroleum & Chemical Corp, or Sinopec, will trim capital expenditures in 2020 by 2.5% from a year earlier amid plunging...

Mainstream media is just catching on to the harsh reality of oil

https://www.hellenicshippingnews.com/with-world-running-out-of-storage-crude-oil-prices-in-tailspin. Global oil prices continue to be in a tailspin amid nationwide lockdowns to stop the coronavirus (COVID-19) pandemic and a deluge of production from...

THE U.S WILL HAVE NO CHOICE BUT TO SHUT IN WELLS

Oil industry braces for biggest idling of wells in 35 years. The U.S is running out of places to store it's vast amounts of oil...

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...

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...

Texas Oil Regulator trying to save the Oil industry from itself

Texas' oil regulator which oversees the nation's top oil-producing state might immediately force producers to curtail some of their output by shutting off existing...

OILFIELD LAYOFFS ARE SKYROCKETING IN TEXAS & NORTH DAKOTA

Many companies are proceeding with temporary layoffs due both to crashing oil prices and the spread of the novel coronavirus that causes COVID-19. (Bloomberg) --...