Friday, November 21, 2025
Oklahoma oil regulators hear arguments on output cuts- oil and gas 360

Oklahoma oil regulators hear arguments on output cuts

Reuters Oklahoma’s energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices. U.S. oil futures CLc1 this year have fallen about 60% to under $25 a barrel CLc1 as coronavirus-related lockdowns have crushed demand for fuel. The price collapse has companies in major oil-producing states push for

More shale drillers slash production after oil rout slams earnings-oil and gas 360

More shale drillers slash production after oil rout slams earnings

Reuters U.S. shale producers Continental Resources Inc and Callon Petroleum Co on Monday joined their peers in cutting production to cope with a rout in oil prices as the coronavirus crisis sapped demand for fuel. The historic drop in oil prices last month sent shockwaves through the energy sector, forcing producers to drastically cut spending and scale back activity globally.

Goldman Sachs warns jet fuel demand may never fully recover from the crisis- oil and gas 360

Goldman Sachs warns jet fuel demand may never fully recover from the crisis

CNBC The coronavirus outbreak will have a lasting impact on the behavior of businesses across the globe, with jet fuel demand unlikely to ever fully recover, according to the head of commodities research at Goldman Sachs. The Covid-19 pandemic has meant countries have effectively had to shut down, with many governments imposing strict restrictions on the daily lives of billions of

Long-suffering Canadian oilpatch faces 'biggest existential crisis' yet- oil and gas 360

Long-suffering Canadian oilpatch faces ‘biggest existential crisis’ yet

Reuters Canada’s oil patch has endured five years of existential threats that have pruned weaker companies, but now its strongest firms are trying to navigate the coronavirus pandemic, which has set off the worst crisis in the oil industry in 40 years. Economic shutdowns have ground travel to a halt, cutting fuel demand by roughly 30% worldwide. With consumption down,