According to wsj BJ Services LLC filed for bankruptcy Monday, attempting to sell parts of the fracking services business and wind down the rest after…
Tag: 2020 Oilfield Crash
Thousands of oil wells have been shut in
Something that was considered unthinkable in the past is now a reality all across the U.S oilpatch. Across the Permian Basin that is West Texas…
Crude Oil jumps 5%, posting second straight week of gains
Oil prices rose on Friday and were on course for a second consecutive week of gains as U.S. producers rapidly shut crude production and more…
seekingalpha.com Really likes Liberty Oilfield Services
LBRT has very low leverage, which is a significant advantage compared to some of the leveraged oilfield services players. However, its low cash flow is…
U.S. banks are preparing to start seizing the shale oil assets of companies
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…
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…
Halliburton is looking to Russia for work
Oilfield services firm Halliburton HAL.N and Russia’s Gazprom have signed an outline agreement on technological cooperation to construct wells at the Achimov oil formation in…
Continental Resources plans to cut rigs and spending in 2020
Continental Resources on Thursday cut its 2020 capital spending budget by 55%, reports said. Continental Resources said it intends to spend about $1.2 billion in…
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,…
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…
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…
El-Erian: I’m worried about a sudden stop in the economy
A sudden stop may also be accompanied by a currency crisis or a banking crisis or both
Warren Buffett talks oil price plunge, his investments that are now at a loss
Berkshire Hathaway CEO Warren Buffett weighs in on investing in oil after having the worst day since 1991.
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….