Highlights Voluntary producers’ shut-in output accelerates EIA revises May production estimates down 500,000 b/d Houston — Declining US shale oil output is projected to slide further in June by 197,000 Continue Reading
In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would Continue Reading
Delta Air Lines Inc ( DAL.N ) will keep planes no more than 60% full through at least July, adding more flights to its schedule than demand would usually justify, Continue Reading
Jobs are being lost from the US coal industry at the fastest rate in decades as the fuel gets crowded out of an electricity market that is shrinking because of Continue Reading
President Trump told the director-general of the World Health Organization he would permanently end all funding to the organization if it did not “commit to substantive improvements within the next Continue Reading
Some bicycle shops in Brooklyn are selling twice as many bikes as usual and drawing blocklong lines of customers. A chain of shops in Phoenix is selling three times the Continue Reading
The economy is reopening, stock markets are already bouncing back in a hedge on the future, and we’re about to see the biggest shift in capital in years. It’s a Continue Reading
“I think the cuts are automatic if you are a believer in markets,” U.S. President Donald Trump said about potential American oil production cuts in early April while he was Continue Reading
Crude oil production in the seven major US shale basins will fall by a record 197,000 barrels per day next month, the Energy Information Administration reported on Monday. Production in Continue Reading
Oil production from the top seven shale regions in the U.S. is set to tumble to levels not seen since 2018. (Bloomberg) — Oil production from the top seven shale Continue Reading
