Archives for 2020
Oil guru Daniel Yergin calls market collapse unprecedented
The combination of an oil price war led by Saudi Arabia and Russia and the coronavirus pandemic is unlike anything in the history of the oil industry, says historian Daniel Yergin, vice chairman of research...
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Occidental deploys poison pill amid Icahn push to oust board
Such measures are usually deployed in hostile takeover situations. Occidental is implementing the plan later this month and will allow shareholders to vote on it at its annual general meeting. Source: FuelFix
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Shale drillers float Jones Act waiver as balm for price pain
U.S. oil companies battered by the crude price war between Saudi Arabia and Russia are encouraging the Trump administration to waive a law that mandates only American vessels can be used to transport goods among...
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More Houston energy companies slash spending
Two more Houston energy companies slashed spending and dividends Thursday after oil prices crashed earlier in the week. Source: FuelFix
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Oil set for worst week since 2008
Futures in New York tumbled 4.5% on Thursday and are on track for a 24% weekly drop. Source: FuelFix
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