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Forbes – When it rains it pours. International and domestic oil and gas markets and prices are under heavy pressure from COVID-19 impacts and...
Oil could fall below $20 a barrel and “stock markets could easily shed another 30-40% of their values,” one analyst said. The...
Reuters – For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and...
Midland Reporter-Telegram – Two more Houston energy companies slashed spending and dividends Thursday after oil prices crashed earlier this week. Apache Corp....
According to the United States Geological Survey, Los Angeles was rattled on Monday afternoon by a 4.4-magnitude earthquake.
According to the agency, the earthquake struck at 12:20 p.m. and was centered just outside of Pasadena, about five miles northeast of downtown Los Angeles.
There have been no initial reports of widespread damage, said Margaret Stewart, a spokeswoman for the Los Angeles Fire Department. Firefighters from each of the city’s 106 fire stations were driving through their districts to survey any effects, she said, and would be able to provide more detailed assessments within the next hour.
According to the U.S.G.S, the earthquake was felt across Southern California, with reports of shaking from Bakersfield to San Diego.
The Ukrainian Navy reportedly destroyed one of the gas rigs in the Black Sea https://t.co/ASZb2ZfZWf
— Energy Headline News (@OilHeadlineNews) August 10, 2024
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