Canada’s WCS drops to below $10/b, lowest outright price on record NYMEX WTI plunge slashes value of Canadian, Bakken crudes Canadian companies cut 2020 spending New York — The outright Continue Reading
ConocoPhillips suspends drilling Possible 12-18 month price slump, company says Oil Search halts work on Pikka early development Anchorage — Alaska North Slope operators have announced spending cuts and delayed Continue Reading
Faced with declining demand and potentially months of oil prices below most Bakken breakeven prices, the North Dakota Industrial Commission next week will consider new rules aimed at preventing operators Continue Reading
There’s been a sharp slowdown in hiring across the Houston oil and gas industry, according to Murray Resources. There’s been a sharp slowdown in hiring across the Houston oil and Continue Reading
The latest crash in oil prices is threatening to push $140 billion of investment-grade energy debt over the edge into junk. Despite the modest recovery after 2016, oil prices have been Continue Reading
In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada. Hit by unfettered supply from the world’s top two crude exporters and Continue Reading
The New York Stock Exchange will temporarily shut its trading floors starting Monday and move to fully electronic trading after an employee and a person who worked on the floor Continue Reading
The S&P 500 has risen or fallen at least 4% in eight straight sessions, the longest streak in history, according to Dow Jones Market Data. The Cboe Volatility Index, the Continue Reading
Truck-stop restaurants in some states have shut dining rooms and switched to takeout service to comply with health orders aimed at controlling the spread of the virus. On Tuesday, Pennsylvania Continue Reading
The United States and China are in a race to the top of the energy storage game. Last year, the energy storage industry exploded in China, with Wood Mackenzie projecting Continue Reading
