Oil & Gas 360 Should President Trump Take Immediate Executive Action on Russian, Saudi & OPEC Oil Imports? Yes. This is a “Just Do It” moment for President Trump. Source: Reuters On March 17th I co-authored and article with Daniel Turner for Real Clear Energy calling for President Trump to immediately impose punitive tariffs on Russian, Saudi and OPEC oil
Rystad Energy The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development plans for this year. According to an impact analysis from Rystad Energy, exploration and production (E&P) companies are likely to
Houston Chronicle The price of oil collapsed Wednesday to about $24 a barrel, past the trough of the most recent oil bust and to its lowest level in nearly two decades. West Texas Intermediate crude was trading at $24.43 a barrel early Wednesday morning, off more than 10 percent from Tuesday and the lowest since the price hit $24.29 a barrel
Reuters OSLO – The coronavirus outbreak will cut growth in global oil demand by more than half this year compared to earlier forecasts, Norway’s biggest independent energy consultancy Rystad Energy predicted on Thursday. Oslo-based Rystad now predicts global oil demand will grow by 500,000 barrels per day (bpd) in 2020, down from a February forecast of 820,000 barrels per day
Houston Chronicle Texas oil production is expected to rise each month this year but the growth rate is expected to slow, Norwegian energy research firm Rystad Energy said Tuesday in a report. Oil production from Texas wells increased to an estimated 5.4 million barrels per day in December, according to the report. Statewide fracking is expected to help boost production
From Bloomberg Company executing new ‘playbook’ to deal with customer changes, shale producers are trimming spending amid investor pressure Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North American workforce and shelving unused frack gear. The world’s biggest provider of fracking equipment, including heavy duty rock-blasting pumps and
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