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Oil pain spreads beyond Permian to small towns across America
The oil market turmoil sparked by Saudi Arabia and Russia is threatening U.S. jobs even in Cut Bank, Montana, and Magnolia, Arkansas — relatively obscure communities in the world of energy. Source: FuelFix
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Financially strapped Texans: Help is on way to pay power bills
The Public Utility Commission will establish a temporary emergency fund to help financially strapped Texans pay their electricity bills as the coronavirus pandemic spreads across Texas. Source: FuelFix
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Drilling rig operators make budget cuts ahead of rig count plummet
Drilling rig operators are making budget cuts and bracing for the worst as a global supply glut of crude oil and falling demand from the coronavirus pandemic are expected to cause the U.S. rig count...
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U.S. Halts Plan to Buy Crude Amid Uncertainty Over Funding
(Bloomberg) — The Trump administration halted plans to start buying oil to top up the nation’s emergency stockpile after failing to win funding from Congress, throwing a wrench in its most tangible efforts to help...
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