Post Tagged with: "oil slump"

Source: Reuters

Baker Hughes posts second quarterly loss as oil slump slams demand

Reuters


Baker Hughes Co (BKR.N) posted its second consecutive quarterly loss on Wednesday and said it would continue reining in costs to prepare for a longer period of oil price volatility.

 

Oil producers stopped drilling new wells …

Source: Reuters

Energy Transfer digs in on North Dakota pipeline expansion despite oil slump, sources say

Reuters


NEW YORK  – U.S. pipeline company Energy Transfer (ET.N) has taken the rare step of invoking force majeure – normally used in times of war or natural disaster – to prevent oil firms from walking away from …

July 2, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Pipeline News