Archives for March 2020
Oil hovers at $30; Goldman warns of more losses to come
Oil erased gains as the shutdown of swaths of the global economy triggered a meltdown in fuel demand. Source: FuelFix
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Regulators ask power providers to give Texans a break during outbreak
The Public Utility Commission is getting complaints from consumers who have been disconnected for not paying their bills in the wake of the coronavirus crisis. Source: FuelFix
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Pioneer Natural Resources cuts budget nearly in half as oil falls below $30
Irving oil company Pioneer Natural Resources is cutting its 2020 budget in nearly half as crude prices slipped below $30 per barrel. Source: FuelFix
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Big shale borrowers on fast track to junk in latest oil rout
(Bloomberg) — The latest crash in oil prices is threatening to push $140 billion of investment-grade energy debt over the edge into junk. Despite the modest recovery after 2016, oil prices have been capped by...
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Enbridge issues work from home order amid growing coronavirus concerns
Growing concerns about the coronavirus outbreak have prompted Canadian pipeline operator Enbridge to issue a companywide work from home order that affects more than 1,100 employees in the Houston area. Source: FuelFix
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