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 amid…
Author: News
Russia and Saudi Arabia will cut production?
The Tweeter in Chief Donald Trump said Russia and Saudi Arabia would cut production. Stocks fluctuated in Australia and South Korea, gained in Japan, and…
Trump – Saudis and Russia will ease pressure on oil
President Donald Trump said Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude’s massive plunge. The president…
Whiting Petroleum files for bankruptcy protection
Trump told reporters that he expects Saudi Arabia and Russia to end their price war in a “few days.” Denver based Whiting Petroleum said Wednesday…
Expect a Severe Depression if Quarantine lasts for over 6 Months
The sudden economic stop caused by COVID-19 will have a lasting effect on the Economy and will be felt by almost every American. A recession…
FED: Third of Americans will be unemployed
Compared to other slowdowns in the Oilfield, Workers today will have a much harder time. Today’s Laid off oilfield workers will need to compete against…
Oilfield: MADE OVER 99K? NO GOVERNMENT HELP FOR YOU
If your an oilfield worker and made too much to qualify in your last tax filing, you probably won’t be eligible for the cash benefit…
Brent Crude Falls to 17-Year Low
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 and…
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 oil…
NexTier Oilfield Solutions Stock is way down
NexTier is formally known as Keane Group, The company was founded in 1973 by the Keane family in Lewis Run, Pennsylvania. on July 2019 the…
Mainstream media is just catching on to the harsh reality of oil
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 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 $2 trillion stimulus package
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 funding…