Archives for 2019
Oil steady as OPEC pact contends with gloomy economic data
Oil steadied as investors weighed OPEC’s extending output cuts into 2020 against troubling economic data from around the world. Source: FuelFix
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Saudis dig in for shale fight after OPEC+ cuts extended
Saudi Arabia, OPEC’s dominant producer, will keep doing the heavy lifting as the cartel and its allies were all but forced to extend their effort to counter the U.S. shale boom into a fourth year....
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Halliburton, other drillers fighting for new life in a world of cheap oil
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Source: FuelFix
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Weatherford files for bankruptcy protection
The oilfield services company Weatherford International filed for Chapter 11 bankruptcy protection Monday, after struggling to assimilate the companies it bought during a quest for growth, taking on too much debt and fighting to recover...
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OPEC+ agrees to extend oil output cuts for nine months
OPEC, Russia and their allies formally agreed Monday to extend their oil output cuts through March in their latest bid to stabilize energy markets and help prevent a growing glut of global crude oil. Source:...
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