Oil & Gas News

World’s largest oil fund is once again crashing crude markets
28.04.2020
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World’s largest oil fund is once again crashing crude markets
The United States Oil Fund (USO) that was responsible for last Monday’s oil crash into negativ…
Tough sanctions force Halliburton to suspend most operations in Venezuela
27.04.2020
502
Tough sanctions force Halliburton to suspend most operations in Venezuela
Halliburton will suspend most of its operations in Venezuela, the company said, after Washington tig…
$10 oil forces U.S. drilling giant to file for bankruptcy
27.04.2020
4 553
$10 oil forces U.S. drilling giant to file for bankruptcy
Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, becoming the second major…
Oil tankers are parked off the California coast with nowhere to unload
27.04.2020
1 136
Oil tankers are parked off the California coast with nowhere to unload
Oil tankers carrying enough crude to satisfy 20% of the world’s consumption are gathered off C…
Rig count collapse continues despite jump in oil prices
25.04.2020
1 133
Rig count collapse continues despite jump in oil prices
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week b…
Goldman Sachs expects another oil price crash
25.04.2020
612
Goldman Sachs expects another oil price crash
While it may be tempting to argue that the worst is behind us for oil price given the historic colla…
$110 trillion renewables stimulus package could create 50 million jobs
25.04.2020
248
$110 trillion renewables stimulus package could create 50 million jobs
As the world continues to grapple with the worst global pandemic in living memory, economists everyw…
Will the Fed bail out struggling U.S. oil companies?
25.04.2020
215
Will the Fed bail out struggling U.S. oil companies?
The Department of Treasury may set up a lending fund for oil companies, Secretary Steven Mnuchin tol…
Decarbonizing U.S. electricity for $25 a year
24.04.2020
63
Decarbonizing U.S. electricity for $25 a year
In our fractious domestic politics, squabbles over infrastructure spending are as old the republic.…
Saudi Arabia to take on billions in debt to survive the oil price crisis
24.04.2020
488
Saudi Arabia to take on billions in debt to survive the oil price crisis
Saudi Arabia may have to borrow as much as $58 billion this year to cover a budget shortfall caused…
Brokers warn clients against ‘dangerous’ oil futures
24.04.2020
492
Brokers warn clients against ‘dangerous’ oil futures
After the WTI Crude futures collapsed into negative territory this week, some brokerages have starte…
In rare development, oil majors are forced to cut output under OPEC deal
24.04.2020
324
In rare development, oil majors are forced to cut output under OPEC deal
A British Petroleum-led project in Azerbaijan will have to cut production in May for the first time…
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