CFTC warns on return to negative oil prices
The US commodities regulator has issued a rare warning to brokers, exchanges and clearinghouses, urging them to be ready for the risk that oil prices could again drop below zero. Continue Reading
Trump administration not planning further relief for US oil sector: report
The Trump administration is not planning additional financial relief measures to help the ailing oil and gas sector beyond continuing to push Congress to buy crude to fill the Strategic Continue Reading
US oil, gas officials optimistic on ability to rebound, regain US energy position
US oil and gas industry officials and their allies in Congress on Wednesday discussed the sector’s ability to rebound from current demand destruction, and debated whether more help from Washington Continue Reading
Shale gas drillers promise to restrain spending despite higher futures prices
Heading into the first quarter earnings season, analysts were clear. They wanted no surprises from pure play shale gas drillers — no new spending, no new debt, no mergers and Continue Reading
As coronavirus rolls on, Republicans hit ‘pause’ on new aid
Businesses are going belly up, tens of millions have been laid off and, by some measures, the U.S. seems headed for another Great Depression. But Republicans surveying the wreckage aren’t Continue Reading
Is EIA Data Disguising A Disastrous Decline In U.S. Shale?
The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is Continue Reading
US Shut-Ins Could Reach 2MMBPD in June
Gross U.S. production cuts could reach two million barrels per day in June, according to Rystad Energy. Gross U.S. production cuts, including liquids, could reach two million barrels per day Continue Reading
House Democrats don’t touch oil and gas company aid in new coronavirus bill
House Democrats unveiled a huge, new coronavirus relief package that would inject more than $3 trillion into state and local governments, health systems and other parts of the economy rocked Continue Reading
Exclusive: Europe nears crisis plan for public stakes in key companies
EU officials are seeking to finalise a plan for public stakes to be taken in key European companies to shield them from the economic fallout of the COVID-19 pandemic, three Continue Reading
Nord Stream 2 Advancing in Satellite Photos Despite Sanctions
Construction of the world’s most controversial natural gas pipeline is about to enter the endgame of an energy dispute that’s pitted the U.S. against Russia and some of its closest Continue Reading