Monday, August 31, 2026

New York, New York–(Newsfile Corp. – August 4, 2020) – The following statement is being issue…

Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup- oil and gas 360

Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup

CNBC Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output. U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.7% to $40.71 a barrel at 0414 GMT, while Brent crude futures fell 37 cents, or

Calfrac investor Wilks Brothers launches rival restructuring deal- oil and gas 360

Calfrac investor Wilks Brothers launches rival restructuring deal

Reuters Calfrac Well Services (CFW.TO) investor Wilks Brothers said on Tuesday it submitted a restructuring plan to reduce the company’s debt, and that its terms were better than those proposed by Canadian oilfield service provider’s management. Wilks Brothers’ rival plan, which would give it 60% equity ownership for C$236 million ($176 million) in consideration, follows two earlier bids by the

BP reports second-quarter loss after major write downs, halves dividend- oil and gas 360

BP reports second-quarter loss after major write downs, halves dividend

CNBC Energy giant BP reported a significant loss for the second quarter on Tuesday, after downgrading the value of some of its assets on expectations of lower commodity prices. Second-quarter underlying replacement cost profit, used as a proxy for net profit, came in at a loss of $6.7 billion, meeting expectations of analysts polled by Refinitiv. That compared with a net profit