Many Shale Companies Are Already On The Brink Of Bankruptcy
OPEC may have reached a deal to cut 10 million bpd, but for many U.S. shale producers, it is too little, far too late. Much ado has been made about Continue Reading
Texas Oil Drillers Can’t Agree On Output Cuts
OPEC+ and large producers such as Canada, Norway, Mexico and Brazil came to an output cut agreement this weekend, but a coordinated output reduction in the United States isn’t likely Continue Reading
Enterprise Pipeline Offers Oil Route To Cushing Storage As Glut Grows
Enterprise Products Partners is opening the northbound capacity of its Seaway pipeline, offering U.S. oil producers struggling to place their oil near the Gulf Coast to ship their barrels to Continue Reading
Analysis: US crude stocks see largest-ever build amid record-low product demand
US crude inventories surged higher last week as refiner demand plummeted in the face of a historic slowdown in refined product demand, US Energy Information Administration data showed Wednesday. US Continue Reading
US weekly coal carloads fall to over 10-year low: AAR
US coal carload originations fell to a 10-year low of 52,468 in the week ended April 11, down 8.8% from 57,504 a week earlier and 36.1% lower than the year-ago Continue Reading
United cuts May flights by 90%, tells employees to brace for job cuts
United Airlines Holdings Inc ( UAL.O ) said on Wednesday that it has cut its flight schedule by 90% in May and expects similar cuts for June as a result Continue Reading
U.S. Weighs Paying Drillers to Leave Oil in Ground Amid Glut
The Trump administration is considering paying U.S. oil producers to leave crude in the ground to help alleviate a glut that has caused prices to plummet and pushed some drillers Continue Reading
Business Leaders Urge Trump to Dramatically Increase Coronavirus Testing
Banking and financial services executives told President Trump that his administration needed to dramatically increase the availability of coronavirus testing before the public would be confident enough to return to Continue Reading
Smithfield to Close More Pork Plants Over Coronavirus Pandemic
Smithfield Foods Inc. said it would close two more pork-processing plants because of the coronavirus pandemic, reducing meat supplies for grocery stores and deepening challenges for farmers. The top U.S. Continue Reading
Royal Dutch Shell Sets Border Carbon CO2 Emissions Goal
Royal Dutch Shell Plc plans to eliminate all net emissions from its own operations and the bulk of greenhouse gases from fuel it sells to customers by 2050. The energy giant Continue Reading