Wild Wednesday for the 360 Digital Closing Bell! Oil has a rough day despite positive DOE inventory levels.
Stocks drew 9.4 mm/bbl for the week along with oil production down to 9.7 mm/bbl/day coming off shut ins due to Hurricane Laura.
Other news: Lonestar Resources (NAS: LONE) files a forbearance agreement extension with the SEC today disclosing a new September 15th, 2020 deadline. Remember, on July 1st, LONE missed a $14M interest payment on its 11.25% senior notes due 2023
Chevron CFO has too many “CEO’s per BOE” U.S regulators back Energy Transfer Partners in pipeline dispute with Chesapeake, according to court filings New Mexico fines DCP Midstream and Energy Transfer for violating permitted emissions limits in 2017 and 2018 As always, check out everything on the 360 News Desk: https://www.oilandgas360.com/eenfp/een-tv/
Email the show: mtanner@enercominc.com / 303-907-6825
Show Note Articles:
U.S regulators back Energy Transfer Partners in pipeline dispute with Chesapeake, according to court filings
Iraq seeks exemption from OPEC export cut deal next year
Exxon weighs global job cuts after unveiling Australian lay-off
Oil rises towards $46 on U.S. inventory drop, economy hopes
U.S. crude oil inventories decrease by 9.4 million barrels
EIA Today- Demand for jet fuel in the U.S. is recovering faster than in many other markets – coronavirus update
Mitsubishi Power Cuts Through the Complexity of Decarbonization: Offers the World’s First Green Hydrogen Standard Packages for Power Balancing and Energy Storage
BHP to tap green energy to mine coal in Australian state
Chevron CEO Speaks Truth to Greenout Power: Oil and Gas Is the Future –
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