Schlumberger and Halliburton joined the ranks of oil companies on a spending-cutting spree amid the steep oil price drop. Schlumberger said it would slash its spending by 30 percent less Continue Reading
Pennsylvania’s social-distancing orders prompted a temporary halt to construction of several natural gas pipeline projects in the state, but some developers were working to secure waivers to allow more work Continue Reading
Highlights Oil prices are plunging on fears of low demand, surging supply Bakken shale operators are sitting on a DUC inventory of ~420 wells How many wells could be brought Continue Reading
The US oil glut is growing so fast that one pipeline owner is concerned traders may stow away crude on its network until prices improve. (Bloomberg) — The glut of Continue Reading
Funding for President Donald Trump’s plan to fill up the nation’s emergency oil reserve to help struggling drillers cope with the price crash failed to make it into the latest Continue Reading
U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending March 20, 2020 which was 18,000 barrels per day more than the previous week’s average. Continue Reading
Freight services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support. The passenger travel Continue Reading
Florida has a message for New Yorkers: Please don’t visit. And if you do, prepare to sit in quarantine or risk jail. Hawaii, which also thrives on tourism, is asking Continue Reading
Phillips 66 unveiled its plan for responding to the market downturn. Phillips 66 on Tuesday unveiled its plan for responding to the market downturn. “Phillips 66 is well positioned to Continue Reading
Russian President Vladimir Putin on Wednesday postponed a nationwide vote on constitutional changes that would allow him to extend his rule, saying the health and safety of citizens was his Continue Reading
