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,…
Tag: 2020 Crude Oil Crash
Brent crude was up $2.10, or 8%, at $26.98 a barrel
After getting tired of losing Market share to American oil Russia and Saudia Arabie are dumping oil at prices the market hasn’t seen the lowest…
The U.S. is preparing to start buying 77 million barrels of oil
The U.S. is preparing to start buying as much as 77 million barrels of oil for its emergency stockpiles within the next two weeks, an…
Oil drops nearly 10% breaking below $29
U.S. West Texas Intermediate crude dropped $3.03, or 9.5%, to settle at $28.70 per barrel. Earlier in the session, WTI fell to a session low…
Hess CEO John Hess said he expects rig count to be half of what it is now
The rig count is expected to be cut in half as oil prices collapse and as an all-out Crude Oil war between Saudi Arabia and…
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…
When oil prices are this low? Bankruptcies & Mass Layoffs Are Next.
Shaia Hosseinzadeh, founder and managing partner of OnyxPoint Global Management, joins ‘Fast Money Halftime Report’ to discuss the energy market and the risks to U.S….
Stock Market Circuit Breaker Rules
Volatility in the market today triggered the first of three circuit breaker rules (a 7% drop of the S&P 500) and trading resumed at 9:49…
Oilfield Bust? Time to invest in oil?
The Oil industry is witnessing a major correction. Mass Layoffs and investment pull-back from oil majors are expected after Oil prices plunge because OPEC+ failed…
Oil Sector Companies with high debt could see bankruptcies soon
Eric Hess, Newfleet Asset Management portfolio manager, joins ‘Fast Money Halftime Report’ to discuss the state of the market amid the oil war. Oil Wars:…
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…