This Is What The End Of The Oil Age Looks Like
The Oil Age has powered the world for well over a century. There have been two general schools of thought about how it will ultimately end. There were those who Continue Reading
Billions in Oil Royalties at Stake in Talks After Trump Meeting
Oil industry representatives will meet with Interior Secretary David Bernhardt, Energy Secretary Dan Brouillette and White House economic adviser Larry Kudlow Friday to discuss ways the Trump administration can help Continue Reading
The Largest Rig Count Collapse In 5 Years
Baker Hughes reported that the number of oil and gas rigs in the US fell again this week by 64, falling to 664, with the total oil and gas rigs Continue Reading
U.S. Shale Ready To Fire Back In The Oil Price War
U.S. shale oil companies have started a lobbying campaign with Washington to take a more aggressive stance against Russia and Saudi Arabia to force them to cut oil production, the Continue Reading
Mnuchin: Struggling Shale Firms Should Seek Help From The Fed
As part of the Coronavirus CARES Act, the $2 trillion fiscal stimulus meant to resuscitate the US economy, Congress allocated $454 billion to help underwrite the special lending programs from Continue Reading
US January Production Drops Again
A post by Ovi at peakoilbarrel Preparing this March post has been a surrealistic exercise. Here I am providing a January US production update when at a time, January, the Continue Reading
Trump aims to ease U.S. oil industry’s cash crunch, no plan to trim output: sources
U.S. President Donald Trump has directed his cabinet to find ways to ease a cash crunch in the drilling industry after oil company executives told him in a Friday meeting Continue Reading
Trump meeting with US oil executives ends without public commitment to cuts
A highly-anticipated meeting between US President Donald Trump and the country’s oil executives Friday ended without a new policy announcement or commitment toward domestic output cuts. Receive daily email alerts, Continue Reading
What Happens If The World Runs Out Of Oil Storage?
It was only a matter of time, really. With demand decimated by the coronavirus and Saudi Arabia on the oil warpath, the imbalance between oil supply and demand deepened dramatically, Continue Reading
OPEC, Trump, Saudi, Russia News: President to Meet Oil CEOs – Bloomberg
President Donald Trump will meet with titans of the oil industry Friday who are battling among themselves over whether he should slap tariffs on Saudi crude to get the kingdom to Continue Reading