News
Exxon plans to cut budget amid coronavirus outbreak, record low oil prices
Irving oil major Exxon Mobil plans to cut its budget amid the global coronavirus outbreak and record low oil prices. Source: FuelFix
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Oil hovers at $30; Goldman warns of more losses to come
Oil erased gains as the shutdown of swaths of the global economy triggered a meltdown in fuel demand. Source: FuelFix
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Regulators ask power providers to give Texans a break during outbreak
The Public Utility Commission is getting complaints from consumers who have been disconnected for not paying their bills in the wake of the coronavirus crisis. Source: FuelFix
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Pioneer Natural Resources cuts budget nearly in half as oil falls below $30
Irving oil company Pioneer Natural Resources is cutting its 2020 budget in nearly half as crude prices slipped below $30 per barrel. Source: FuelFix
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Big shale borrowers on fast track to junk in latest oil rout
(Bloomberg) — The latest crash in oil prices is threatening to push $140 billion of investment-grade energy debt over the edge into junk. Despite the modest recovery after 2016, oil prices have been capped by...
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