American oil producers are slashing their budgets for new operations for the rest of this year, which means far fewer new rigs, a painful downturn for dozens of oil-field services companies and the certainty of layoffs, from Texas to North Dakota. Worldwide, the coronavirus pandemic has kneecapped the petroleum business, …
Read More »Almost All New Wells Lose Money in Shale’s New Normal
America’s shale producers already had a profitability problem. It just got a lot worse.
Read More »U.S. to Sell 12 Million Barrels of Oil Just as Virus Hits Demand
The U.S. will sell up to 12 million barrels of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus.
Read More »Arctic Oil Drilling Plan Coming Soon
The Trump administration is moving to sell drilling rights in the Arctic National Wildlife Refuge. Interior Secretary David Bernhardt said.
Read More »US Sanctions more Sinister than Coronavirus
Head of Presidential Office'.s Center for Strategic Studies Hesameddin Ashena said on Friday that the US sanction is the same background disease that makes Corona more lethal and sinister for Iranians.
Read More »US will Become Leading LNG Exporter by 2025
The US currently has a total of 32 projects on different stages from feasibility to commissioning.
Read More »US Oil Rig Count Falls Slightly As Producers Cut Spending
The U.S. Energy Information Administration projected crude output will rise about 8% in 2020.
Read More »U.S. to Sell 12 MMbbl of Oil just as Virus Hits Demand
The U.S. will sell up to 12 MMbbl of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus.
Read More »U.S. to Sell 12 MMbbl of Oil just as Virus Hits Demand
The U.S. will sell up to 12 MMbbl of oil from its emergency government stockpile just as global crude demand takes a hit from the spreading coronavirus.
Read More »US West Coast’s Largest Oil Refinery Erupts in Flames
A massive blaze at the Marathon Petroleum refinery in California led to closure of all lanes of the 405 Freeway Tuesday night in the city of Carson.
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