Post Tagged with: "US drillers"

Source: CNBC

Oil prices rise, on pace for more than 30% gain this week

CNBC


Oil jumped more on Thursday and was on track for its second best week in history as a number of bullish factors supported prices, including U.S. companies cutting production, Saudi Arabia raising its official oil selling price and gasoline …

Source: CNBC

Oil markets in ‘inflection phase’ after historic week of trade, Goldman Sachs says

CNBC


The widow-making collapse in oil prices came to a pause in Asia trade on Thursday, but analysts aren’t convinced that the worst sell-off in oil market history is over yet.

“We think that this is the inflection phase,” Goldman …

Source: Reuters

Drowning in crude, U.S. drillers say Trump strategic reserve plan is no lifeline

Reuters


NEW YORK – President Donald Trump’s plan to fill the U.S. emergency crude oil stockpile has become the centerpiece of his administration’s strategy to shield drillers from a meltdown in energy demand – but company officials and industry groups …

Source: CNBC

Saudi Arabia is the winner from oil’s historic price plunge, analysts say

CNBC


Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday.

It comes at a time when the market is awash with crude, storage tanks …

Source: Reuters

Trump administration working to ease drilling industry cash crunch

Reuters


WASHINGTON – The Trump administration is seeking to ease a severe cash crunch in the drilling industry by raising loan limits available under a coronavirus stimulus package and by barring lenders from discriminating against drillers, according to Energy Secretary …

Source: Houston Chronicle

U.S. calls on Saudis to halt plan to unleash record oil supply

Houston Chronicle


The Trump administration is pressing Saudi Arabia to dial back its plan to flood the oil market after a price war with Russia sent crude prices crashing to their lowest levels in almost two decades.

While its status …

Source: Reuters

U.S. oil drillers cut rigs for seventh consecutive week: Baker Hughes

U.S. energy firms reduced the number of oil rigs operating for a seventh week in a row as year-long declines in the rig count have only curbed growth of record U.S. production, prompting OPEC to deepen cuts in an effort …

December 6, 2019 - 12:21 pm Closing Bell Story‎, Energy News