Russia’s energy ministry is discussing potential oil production cuts with local producers and will continue the production cut talks to come up with a position…
Commodities
North Dakota oil industry is likely to slow down in upcoming months
Falling prices are a key reason for a decline in the oil-rig count in North Dakota from 67 in October to 62 currently, Helms said….
Liberty Frac Stock is another oilfield service company losing with the crude price drop
Summary Results and Highlights Revenue of $559 million and net income1 of $66 million, or $0.49 fully diluted earnings per share, for the quarter ended…
U.S. crude is plunging from nearly four-year highs six weeks ago to its lowest level since early December.
The slump reflects a fundamental change in the outlook for the oil prices. A month ago, traders were concerned that a looming shortage of oil…