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Forbes – As our energy-environment discussion marches on amid the pandemic, one of our biggest concerns must be that temporary fallen demand...
The Oklahoman – Unit Corp. files BK. – The energy pricing shock caused by an economic shutdown because of the COVID-19 pandemic...
Bloomberg – Oil prices have surged more than 75% in the U.S. this month. But don’t expect a quick rebound in supply from shale...
The Oklahoman – Oklahoma is a state that has learned how to live through boom and bust. While we are constantly working...
Reuters – Royalty checks from shale oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom...
Reuters – Continental Resources, one of the largest U.S. shale oil producers, on Wednesday urged North Dakota energy regulators to intervene in the...
Midland Reporter-Telegram – U.S. operators have been slashing production in response to the collapse in both oil demand and oil prices. Those...
Forbes – As with seemingly every other aspect of the COVID-19 pandemic, the fallout and recovery related to the U.S. oil and...
Reuters – A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next...
Major U.S. stock indexes had their worst performances in almost a week on Wednesday, with the Dow Jones Industrial Average closing down by almost 700 points, after Federal Reserve Chair Jerome Powell pointed to the possibly detrimental impacts of tariffs.
Powell said officials face a challenging scenario of rising inflation amid labor-market weakening, and they can wait for greater clarity before making any adjustments to interest rates.
The Fed chair "was basically saying that to get the economy back on track, there's probably going to be difficult trade-offs," said Ryan Jacobs, founder of Florida-based advisory firm Jacobs Investment Management. "Any measures he could take to help the economy would be inflationary, which might lead to a lasting unstable market. I don't think the trade war is over anytime soon, and I think we are in the position of moving toward higher inflation.''
The Dow Jones Industrial Average fell 699.57 points, or 1.7%, to finish at 39,669.39, based on preliminary data.
The S&P 500 dropped 120.93 points, or 2.2%, to end at 5,275.70.
The Nasdaq Composite declined 516.01 points, or almost 3.1%, to close at 16,307.16.
It was the worst day for all three indexes since last Thursday.
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By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
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