Archives for 2020
Oil heads for worst quarter ever as real crude prices plunge
Oil clawed back some losses as Chinese manufacturing data beat expectations, but futures were still heading for the worst quarter on record as the physical market showed further signs of collapse. Futures in New York...
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Cheniere tests slump in sign it may curb production
Traders are closely watching any indication that U.S. exporters will curb production as the coronavirus restrains demand and exacerbates an oversupply. Source: FuelFix
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Parsley, Pioneer ask state regulators for emergency meeting on production cuts
With crude prices trading in the $20 per barrel range, two of the most active oil companies in Texas are asking state regulators for to hold an emergency meeting and order production cuts. Source: FuelFix
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Trump talks oil prices with Putin as rout continues
President Donald Trump said he’s concerned oil prices have fallen too far and called Vladimir Putin on Monday to discuss Russia’s oil-price war with Saudi Arabia. Source: FuelFix
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BP tells workers that their jobs are safe for 3 months
BP Plc has promised its employees their jobs are safe over the next three months, while the oil major considers ways to cut costs with crude prices plunging. Source: FuelFix
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