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…
Tag: Coronavirus
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…
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) —…
Chairman Jay Powell – Federal Reserve takes emergency action
Chairman Jay Powell – Federal Reserve takes emergency action to save the economy
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…
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…
Layoffs in the oilfields expected after crude oil prices dive
If oil prices do not change for the better we can expect the following to come to fruition. MIDLAND, Tx. (KOSA) – Oil prices took…
Williston North Dakota is preparing for potential coronavirus patients
The Oilfield is especially vulnerable to the Virus as workers travel by airport and are in constant interaction with other Co-workers, that use Airports to…
Exxon Mobil plans to reduce the number of oil rigs operating in Texas
Exxon Mobil said Thursday it plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned…
No OPEC Deal? – Unprecedented Situation in Oil
OPEC ministers had said on Thursday that the coronavirus outbreak created an “unprecedented situation” that demanded action, as measures to stop the virus spreading dampens…
Saudi Arabia is considering large oil cuts due to coronavirus
Saudi Arabia is debating a short-term oil product cut as the deadly coronavirus continues to spread, the Wall Street Journal reported, citing OPEC officials. The…
China to Support Markets as Coronavirus Spreads
The CSI 300 Index dropped as much as 9.1% as onshore financial markets opened for the first time since Jan. 23. China’s central bank said…
Wilbur Ross Says Coronavirus Will Be GREAT For US Economy?
Commerce Secretary Wilbur Ross appeared on Fox News this week to talk about how awesome the coronavirus is going to be for the U.S. economy….
How will the Coronavirus affect oilfield workers and the oil industry?
As the Coronavirus spreads throughout the world, Oil prices have been taking a beating. How are oilfield workers coping with the Coronavirus epidemic? Oilfield workers…