Jonathan Golub of Credit Suisse and Joyce Chang of JPMorgan join “Squawk on the Street” to discuss the market sell-off amid the coronavirus outbreak and…
Author: News
Stocks Plunge At Market Open, Dow Down 1800 Points
Trump says oil price plunge is ‘good for the consumer’ as he blames media, oil for stock drop. Investors continued to seek safer assets amid…
Goldman Sachs is now out with a dire warning: $20 a barrel oil.
Brent crude oil futures tanked as much as 31% to $31 a barrel on Sunday evening as Saudi Arabia ratcheted up pressure on Russia by…
Bankruptcies & Mass Layoffs Coming to American Shale Companies?
Futures on the Dow Jones Industrial Average plunged more than 900 points. The S&P 500 futures also indicated a 4% drop at the open on…
Oil Wars Approaching The Over Leveraged American Oil Co’s
State oil giant Saudi Aramco has set its Arab light crude oil to Asia for April at a discount of $3.10 to the Oman/Dubai average,…
Saudi Aramco Cuts Crude Oil Prices
The cuts in monthly pricing by state producer Saudi Aramco are the first indication of how the Saudis will respond to the break up of…
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Layoffs in the oilfields expected after crude oil prices dive
If oil prices do not change for the better we can expect the following to come to fruition. MIDLAND, Tx. (KOSA) – Oil prices took…
Williston North Dakota is preparing for potential coronavirus patients
The Oilfield is especially vulnerable to the Virus as workers travel by airport and are in constant interaction with other Co-workers, that use Airports to…
Exxon Mobil plans to reduce the number of oil rigs operating in Texas
Exxon Mobil said Thursday it plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned…
No OPEC Deal? – Unprecedented Situation in Oil
OPEC ministers had said on Thursday that the coronavirus outbreak created an “unprecedented situation” that demanded action, as measures to stop the virus spreading dampens…
Oil prices plunge – OPEC+ fails to agree on production cut
The Failure to secure a deal between OPEC, Russia and other members of an alliance known as OPEC+, which was a tool used by The…
Oil markets will see impact from coronavirus shortly: Oil analyst
CNBC’s “Power Lunch” team discusses investing in energy stocks amid the coronavirus outbreak with Paul Sankey of Mizuho. The coronavirus continues to take a toll…