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…
Commodities
Russia’s Putin: US must join in the reduction pact for any new deal
Vladimir Putin said a cut to Crude oil production of about 10m barrels a day is possible, but only if all major oil-producing countries follow….
Trump has meeting with top oil executives
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…
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…
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…
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…
China’s $7 trillion spending spree aims to save economy
Could This be America’s playbook after also following China’s footsteps in calling for mass quarantine? China’s US$7 trillion spending The 22,000 projects include many new…
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 roughnecks,…
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 wells,…
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) —…
MASS LAYOFFS IN NORTH DAKOTA – TEXAS
John Kilduff, Again Capital founding partner, calls ‘Power Lunch’ to discuss oil plunging into the close and what’s behind the move. John Kilduff, CNBC contributor…
Massive Crash in American Oil is Approaching
Even after a 60% plunge so far this year to the lowest since 2003, prices will likely drop further to $20 a barrel or below,…