U.S. West Texas Intermediate crude dropped $3.03, or 9.5%, to settle at $28.70 per barrel. Earlier in the session, WTI fell to a session low…
Author: News
Chairman Jay Powell – Federal Reserve takes emergency action
Chairman Jay Powell – Federal Reserve takes emergency action to save the economy
Hess CEO John Hess said he expects rig count to be half of what it is now
The rig count is expected to be cut in half as oil prices collapse and as an all-out Crude Oil war between Saudi Arabia and…
Oilfield Coronavirus Panic Hits Williston North Dakota.
The picture is from Williston North Dakota. Gov. Doug Burgum declared a state of emergency for North Dakota on Friday, March 13, in response to…
Is it time to look for a Job outside the Oil Industry?
These are very unique times we live in, with the Crude oil Crash and the Corona Virus scare wreaking havoc all around the U.S. Many…
El-Erian: I’m worried about a sudden stop in the economy
A sudden stop may also be accompanied by a currency crisis or a banking crisis or both
Apache says it will reduce its Permian rig count to zero
Apache says it will reduce its Permian rig count to zero over the coming weeks, and plans to lower activity in Egypt and the North…
Warren Buffett talks oil price plunge, his investments that are now at a loss
Berkshire Hathaway CEO Warren Buffett weighs in on investing in oil after having the worst day since 1991.
Coronavirus is getting Closer to the Oil Patch in Williston ND
The North Dakota Department of Health confirmed the case Wednesday in a Ward County just east of Williston N.D a man in his 60s. Prior…
When oil prices are this low? Bankruptcies & Mass Layoffs Are Next.
Shaia Hosseinzadeh, founder and managing partner of OnyxPoint Global Management, joins ‘Fast Money Halftime Report’ to discuss the energy market and the risks to U.S….
US shale producers may go bankrupt as Crude tumbles
The shale oil industry’s reliance on bank loans could lead to a wave of bankruptcies if the price of oil doesn’t rebound, Shaia Hosseinzadeh of…
Stock Market Circuit Breaker Rules
Volatility in the market today triggered the first of three circuit breaker rules (a 7% drop of the S&P 500) and trading resumed at 9:49…
Oilfield Bust? Time to invest in oil?
The Oil industry is witnessing a major correction. Mass Layoffs and investment pull-back from oil majors are expected after Oil prices plunge because OPEC+ failed…
Oil Sector Companies with high debt could see bankruptcies soon
Eric Hess, Newfleet Asset Management portfolio manager, joins ‘Fast Money Halftime Report’ to discuss the state of the market amid the oil war. Oil Wars:…