Distressed oil drillers find major analysts dropping stock guidance
Culled from WorldOil.com TORONTO (Bloomberg) –The smallest shale oil drillers have endured their fair share of pain in this spring’s
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Oil Crisis
U.S.-bound Saudi oil could hurt prices and disrupt stabilizing markets
From WorldOil.com NEW YORK (Bloomberg) –An armada of tankers filled with Saudi crude heading to American shores is raising concern
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U.S. projects falling rig counts, crude production through 2021
From WorldOil.com Source: U.S. Energy Information Administration WASHINGTON – The U.S. Energy Information Administration expects U.S. crude oil production to
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Operators prepare for technical and fiscal challenges restarting shut-in wells
Culled from WorldOil.com HOUSTON (Bloomberg) –With thousands of oil wells choking back or completely shutting off production, companies already are
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Exxon reports a historic loss while Chevron deepens capex cuts
From WorldOil.com HOUSTON (Bloomberg) –Exxon Mobil posted its first loss in at least 32 years while Chevron Corp. deepened spending
Read More More oil companies qualify for Federal Reserve loans after rules change
Culled from WorldOil.com WASHINGTON (Bloomberg) –The Federal Reserve revamped its Main Street Lending Program in ways that will allow battered
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Oil slips below $15/bbl as production cuts begin
By Sharon Cho and Alex Longley (WorldOil.com) SINGAPORE (Bloomberg) –Oil dropped back below $15 a barrel as swelling global crude
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U.S. Treasury considers federal lending for troubled oil companies
WASHINGTON (Bloomberg) –Treasury Secretary Steven Mnuchin said he’s considering the creation of a government lending program for U.S. oil companies,
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Oil heads for weekly gain as trade war headlines whipsaw market
Reposted from WorldOil.com SINGAPORE (Bloomberg) – Oil headed for a weekly increase as hopes that the U.S. and China could
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China’s biggest energy company shuns Venezuela oil on tighter U.S. sanctions
Reposted from WorldOil.com HOUSTON (Bloomberg) – China’s biggest energy company is backing away from direct purchases of Venezuelan crude as
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