Canada Braces For Oil Cuts As Storage Nears Limit
The Covid-19 virus and the ongoing oil price war have created such a large global supply surplus that Western Canada’s oil production will need to be cut from April by Continue Reading
US Oil Turns Its Back On The Permian As Prices Crash
Amid crashing oil prices, oil firms are rushing to cut budgets and exposure to the most prolific shale basin in the United States, the Permian, yet industry bodies expect the Continue Reading
Permian Still Accounts for More Than Half of US Rigs
Year on year, the North America rig count is down 251 rigs from last year’s 1,121. The North America rig count is down 97 rigs from the previous week to Continue Reading
Trump suggests he may scale back closures soon despite worsening coronavirus outbreak
President Donald Trump said on Monday he is considering how to reopen the U.S. economy when a 15-day shutdown ends next week, even as the highly contagious coronavirus is spreading Continue Reading
U.S. Domestic Passenger Flights Could Virtually Shut Down, Voluntarily or by Government Order
But amid the quickly spreading pandemic and mandatory stay-at-home orders covering some 80 million U.S. residents, airline executives, pilot-union leaders and federal transportation officials said they increasingly view as inevitable Continue Reading
PG&E to Plead Guilty to Involuntary Manslaughter Charges in Deadly California Wildfire
PG&E, a utility that supplies electricity and natural gas to 16 million people, or about one in 20 Americans, admitted that its failure to maintain its equipment was criminally negligent Continue Reading
Nearly 100 million Americans are living under stay-at-home orders as coronavirus spreads
President Trump insists he won’t issue a nationwide lockdown to halt the coronavirus. But it may be just a matter of time before virtually every American is living in an Continue Reading
Energy majors are hoping for the best but preparing for the worst.
Energy majors are hoping for the best but preparing for the worst. Oil and gas companies are among some of the world’s biggest and best capitalized businesses now scrambling for Continue Reading
British supermarkets limit customers to enforce social distancing
Britain’s supermarkets have started limiting the number of customers in stores at any one time to enforce social distancing during the coronavirus outbreak. Prime Minister Boris Johnson on Monday ordered Continue Reading
Euro-Zone Economy Crashes on Coronavirus Business Shutdowns
The euro zone is sinking into the biggest economic crisis in its history as measures to contain the coronavirus pandemic bring much of the business world to a standstill. IHS Markit’s measure Continue Reading