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Post Tagged with: "Losses"

Source: CNBC

Shale industry will be rocked by $300 billion in losses and a wave of bankruptcies, Deloitte says

CNBC

The U.S. shale industry is about to enter a period of “great compression” as low oil prices hammer the sector, according to a Deloitte study released Monday.

The firm believes that exploration and production companies could  write down …

June 22, 2020 - 10:30 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Oil Dives Nearly 5% to Seven-Month Low on Surprise U.S. Stock Build, Trade War

Oil Dives Nearly 5% to Seven-Month Low on Surprise U.S. Stock Build, Trade War

From Reuters

Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears that demand will shrink due to Washington’s escalating trade war with Beijing.…

August 7, 2019 - 6:05 am — Analytics, Capital Markets, China, Closing Bell Story‎, Commodity Pricing, Crude Oil News, Economy, Energy News, Finance, Politics & Opinions, Trade
Weatherford International plc

Weatherford International (WFT) Targets $1 Billion Cost Savings in 18-24 Months

How? Treat the $1 billion as a thousand $1 million decisions – McCollum

Swiss-based oilfield service giant Weatherford International plc (ticker: WFT) reported a net loss of $256 million, or ($0.26) per share on revenues of $1.46 billion for the …

November 2, 2017 - 1:58 pm — Closing Bell Story‎, Earnings, Exploration and Production (E&P), International, Oil and Gas 360 Articles
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