Following the 2014 Thanksgiving massacre, Saudi Arabia effectively broke up OPEC to try to kill the US shale sector by overproducing oil and sending prices plunging. It failed largely thanks Continue Reading
The latest collapse in oil prices has put in play a lucrative trade to store crude at sea, reviving memories of the 2008-09 recession when millions of barrels were kept Continue Reading
The Latest on action in the financial markets (all times local): 10:45 a.m. Halliburton will institute a mandatory furlough for 3,500 employees in Houston, Texas, beginning next week amid falling Continue Reading
Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Continue Reading
A new analysis from a coalition of environmental groups has found that four U.S. banks are the world’s largest fossil fuel financers. The analysis , conducted by a group including Continue Reading
Faced with declining demand and potentially months of oil prices below most Bakken breakeven prices, the North Dakota Industrial Commission next week will consider new rules aimed at preventing operators Continue Reading
There’s been a sharp slowdown in hiring across the Houston oil and gas industry, according to Murray Resources. There’s been a sharp slowdown in hiring across the Houston oil and Continue Reading
The latest crash in oil prices is threatening to push $140 billion of investment-grade energy debt over the edge into junk. Despite the modest recovery after 2016, oil prices have been Continue Reading
The world could run out of oil storage capacity within months, according to the biggest energy traders, as the coronavirus pandemic crushes demand for fuel at the same time as Continue Reading
Oil product stocks in the Middle Eastern hub of Fujairah rose 8% week on week to 23.302 million barrels on Monday, with all categories showing increases as efforts to contain Continue Reading
