Wednesday, June 18, 2025
Coronavirus will likely deliver a short-term economic shock to the US, Canaccord strategist warns- oil and gas 360

Coronavirus will likely deliver a short-term economic shock to the US, Canaccord strategist warns

CNBC Canaccord Genuity’s Tony Dwyer warns that recession odds are growing. Dwyer sees the coronavirus outbreak putting the U.S. economy on thin ice. “If you shut down some of these major cities from business activity, you’re going to go into a supply shock and even a demand shock short-term recession,” the firm’s chief market strategist told CNBC’s “Trading Nation” on

Texas Railroad Commissioner Ryan Sitton unseated in GOP primary upset-oil and gas 360

Texas Railroad Commissioner Ryan Sitton unseated in GOP primary upset

Houston Chronicle South Texas rancher Jim Wright unseated incumbent Texas Railroad Commissioner Ryan Sitton in an upset Republican primary victory. With nearly two-thirds of precincts reporting and Wright had more than 55 percent of the vote in the two-way race while Sitton received nearly 45 percent. Wright, a rancher and oilfield service company owner from Orange Grove, could not immediately

OPEC pushing Russia to support big oil cut amid coronavirus-oil and gas 360

OPEC pushing Russia to support big oil cut amid coronavirus

Reuters VIENNA (R- Saudi Arabia and other OPEC members were seeking to win support from Russia on Wednesday to join them in additional oil output cuts in a bid to prop up prices which have tumbled by a fifth this year because of the coronavirus outbreak. Two OPEC sources told Reuters talks were focussing on an additional cut in excess

Chevron CEO sees obligation to explain fracking to politicians-oil and gas 360

Chevron CEO sees obligation to explain fracking to politicians

Houston Chronicle Chevron Corp. Chief Executive Officer Mike Wirth said he’s open to discussing fracking with whoever wins the 2020 U.S. presidential election. Just hours after unveiling plans to double oil production in the Permian Basin over the next five years, Wirth said Tuesday that he and the rest of the energy industry have an “obligation” to explain the process