Archives for 2020
Tellurian lays off nearly half of its workers, shuffles executives
Houston liquefied natural gas company Tellurian is laying off 40 percent of its workforce and reshuffling executives amid tightening market conditions for the LNG industry. Source: FuelFix
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Shale drillers are staring down the barrel of worst oil bust yet
America’s shale drillers have never faced an oil bust quite like this. The split between Russia and its one-time OPEC allies last week has ignited an all-out price war, leaving oil markets defenseless against the...
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Oil crashes 31% in worst loss since 1991 in price war
Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences. Source: FuelFix
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U.S. firm invests $100 million into VLCC-ready oil export terminal
Connecticut private firm Prostar Capital plans to invest $100 million into a recently acquired terminal in the Caribbean that will be able to receive some of the largest oil tankers in the world. Source: FuelFix
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Oil plunges near $30 a barrel as Saudi-Russia price fight erupts
Oil markets tumbled the most since the Gulf War in 1991 after the disintegration of the OPEC+ alliance triggered an all-out price-war among the world’s biggest producers. Source: FuelFix
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