U.S. banks are preparing to start seizing the assets of ailing shale oil companies, Reuters reported today. Major U.S. lenders are preparing to become operators…
OilField
The petroleum industry, also known as the Oilfield, oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting, and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline
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…
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…
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 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,…
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) —…
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,…
Mnuchin warns U.S jobless rate could hit 20%…
Treasury Secretary Steven Mnuchin raised the possibility with Republican senators that U.S. unemployment could rise to 20% without government intervention because of the impact of…
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…
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…
Markets sell-off amid the coronavirus outbreak and all-out price war in oil.
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…
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…