News
CERAWeek cancelled amid growing coronavirus fears
CERAWeek, an oil and gas industry conference that brings thousands of international visitors to Houston every March, has been cancelled amid elevated fears related to the growing number of coronavirus cases around the world. Source:...
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Rig count falls by one
The number of operating drilling rigs in the United Sates fell by one. Source: FuelFix
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Occidental Petroleum reports $965 million loss in 2019
Occidental Petroleum said it lost $965 million or $1.22 per share in 2019, compared to earnings of $4.1 billion or $5.39 per share in the prior year, as the Houston oil and gas producer took...
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Brent crude trades near $50 after slipping below on virus fear
Oil traded near $50 a barrel in London, after earlier slipping below that level, as the fast-spreading coronavirus roiled global markets, intensifying speculation that OPEC and its allies will strike a deal to support prices....
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OPEC chief: Group making renewed push for oil cuts
OPEC and its allies are displaying a “renewed commitment” to reach an accord that will stabilize oil markets hit hard by the coronavirus, the group’s top official said. Source: FuelFix
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