Shale Productivity Is Reaching Its Limit
1. Gold prices surge – Gold hit a new high this week, closing over $2,000 per troy ounce for the first time. – While a specific reason for the latest Continue Reading
Why Is The U.S. Importing So Much Russian Fuel Oil?
Russia exported 1.078 million tons of fuel oil to the United States last month, equal to more than 7 million barrels, Reuters has reported , citing data from traders and Continue Reading
A Unique Oil And Gas Earnings Season
The oil and gas market’s appetite is now shifting. As dismal Q2 financials flood in, lowered market expectations is seeing disastrous quarterlies as bad, and bad quarterlies as okay. Okay Continue Reading
U.S. Oil Rig Count Falls To Lowest Level Since 2009
Baker Hughes reported on Friday that the combined oil and gas rig count in the U.S. fell this week by 4, to 247. The total oil and gas rigs are Continue Reading
Covid-19 Pandemic Triggers Wave of Long-Term Unemployment
More than 50 million Americans have filed for unemployment since the start of the pandemic, overwhelming some states. WSJ visits an unemployment processing event in Ardmore, Okla., to hear from Continue Reading
1.2 million seek jobless aid after $600 federal check ends
Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless Continue Reading
AP Explains: 5 key takeaways from the July jobs report
A resurgence in COVID-19 cases didn’t shut off the American job creation machine last month — but it did slow it down. Employers added 1.8 million jobs in July, slightly Continue Reading
US hiring slows in July as signs of lasting damage emerge
U.S. hiring slowed in July as the coronavirus outbreak worsened, and the government’s jobs report offered signs Friday that the economic damage from the pandemic could last far longer than Continue Reading
Slowing U.S. job growth, rising COVID-19 raise doubts on the recovery’s strength
U.S. employment growth slowed considerably in July, underscoring an urgent need for additional government aid as a resurgence of COVID-19 infections threatens to snuff out the nascent economic recovery. The Continue Reading
North Dakota Oil Workers Are Learning to Tend Wind Turbines—and That’s a Big Deal
Renewable-energy projects are now finding capital faster than fossil fuels.P“I enjoy big machinery, and it punched all those buttons,” Jay Johnson told me. “They really are big, and, if you Continue Reading