Archives for March 2020
Putin won’t bow to what’s seen as Saudi oil-price blackmail
Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signaling the price war that’s roiling global energy markets will continue. Source: FuelFix
Click here 0 1,226
Oil extends gains as Texas supports output proposal
Oil rallied for a second session as President Donald Trump waded into the price war between Saudi Arabia and Russia, while a Texas regulator proposed his state could coordinate output cuts with the feuding producers....
Click here 0 1,227
Baker Hughes issues work from home order
Houston oilfield service company Baker Hughes has become the latest major employer to order its employees to work from home in response to the global coronavirus outbreak. Source: FuelFix
Click here 0 1,247
Occidental’s Bonds Plunge After Moody’s Cuts Rating to Junk
Occidental Petroleum Corp. bonds plunged after being downgraded to junk by Moody’s Investors Service as the Permian Basin shale producer struggles to deal with a high debt load in the face of oil’s crash. Source:...
Click here 0 1,272
Enviros sue feds to protect rare marsh bird under threat from LNG industry
Environmentalists sued the U.S. Fish & Wildlife Service to protect a rare marsh bird whose coastal habitat is being lost to urbanization, agriculture, climate change and some say, the liquefied natural gas industry. Source: FuelFix
Click here 0 1,225
