Archives for March 2020
'Oil could head to $10 to $15 a barrel very quickly'
Oil dropped toward the lowest level since 2003 as prospects for a deal between OPEC and Texas to limit production appeared to fade, while a U.S. coronavirus rescue package ran into political delays. Source: FuelFix
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Railroad Commissioner Ryan Sitton invited to OPEC's June meeting
Railroad Commissioner Ryan Sitton, one of three officials elected to regulate the oil and gas industry in Texas, has been invited to attend OPEC’s next general meeting in June. Source: FuelFix
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Apache laying off 85 workers in Midland
Apache Corp. is laying off 85 employees in Midland in response to the oil crash. Source: FuelFix
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Tenaris lays off 900 as demand for pipeline projects crumbles
Oilfield pipe manufacturer Tenaris plans to lay off 900 people as record low oil prices and the impacts of the coronavirus pandemic are sinking demand for new pipeline projects. Source: FuelFix
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Texas congressmen ask Interior to cut Gulf oil, gas royalties
Texas Congressmen are asking the Interior Secretary to reduce royalty collections on oil and natural gas produced in the Gulf of Mexico. Source: FuelFix
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