Archives for 2020
Oil War: Some Permian Basin operators already scaling back operations
Two companies operating in the Permian Basin of West Texas are already planning to scale back their drilling operations amid an oil war between Russia and Saudi Arabia that has caused commodity prices to crash....
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Houston company's stock goes up while oil war causes others to go down
Stock prices for one Houston oil and natural gas company went up at a time when the ongoing oil war between Russia and Saudi Arabia caused everybody else’s to plummet. Source: FuelFix
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Energy Dept. says OPEC trying to 'shock oil markets'
A Department of Energy spokeswoman called out OPEC’s decision not to cut oil production as an attempt to “manipulate and shock oil markets,” after oil prices dropped close to $30 a barrel Monday. Source: FuelFix
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Houston energy company stocks plunge amid oil war
Stock prices for some of Houston’s largest oil companies plunged during early Monday morning trading amid an oil war between Saudi Arabia and Russia. Source: FuelFix
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Oil prices plunge more than 30 percent amid Russia-Saudi Arabia price fight over coronavirus
Oil prices plunged more than 30 percent Monday morning, the largest decline in nearly three decades, after Russia and Saudi Arabia said they would increase production amid declining demand caused by the coronavirus. Source: FuelFix
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