Author Archives: Loren Dawson
Argentinean Drillers Benefitting from Government’s Efforts to Set Oil Prices
West Texas Intermediate has been rising since its history-making crash in the last month, trading at around $25. Brent crude has been hovering, reaching $30 in London. They can’t come…
Russia Boosts Oil and Gas Production in April Ahead of Reductions
Russia boosted oil and gas condensate output in April to million tonnes, or million barrels per day (BPD), from million BPD in March, Interfax reported on Saturday, before it makes…
Diamond Offshore Drilling Files for Chapter 11 Bankruptcy Protection As Demand Drops
Diamond Offshore Drilling., the rig contractor, owned by Loews Corp., filed for bankruptcy amid an unusual crash in crude prices that is dampening demand for oil exploration at sea. The…
Oil And Chemical Companies Are Going To Slash Capex
Within the wake of the coronavirus and collapse in crude oil costs, chemical, and oil and fuel, and midstream corporations will all slash capital spending (capex) for development initiatives to…
Investors Suggest Big Oil Firms to Break Dividend Taboo As Debt Elevates
The world’s most significant oil and gas companies should break a business taboo and consider reducing dividends, somewhat than taking on any extra debt to maintain payouts as they weather…
Oil to Fall Lowest Since 2008 Financial Crisis Despite Rising Over 3%
Oil prices had been set for their worst weekly drop since the 2008 financial crisis, regardless of rising over 3% Friday, as investors worried over evaporating demand from the coronavirus…
Oil State Senators Urge Trump Administration to Revoke Decision to End Biofuel Waivers
The oil sector and its Capitol Hill aides are pressing the Trump administration to defend its decision to eliminate oil refineries from requirements they mix biofuels into gasoline and diesel.…
US Oil and Gas Sector Affected Massively by Coronavirus
The worldwide vitality sector is sick due to the coronavirus. However, the illness might have its most deleterious impact on the oil and gas industries, on condition that the president…
Asian VLSFO Comes Down After Enjoying Record Peaks
Asia's market for very low-sulfur fuel oil (VLSFO) has departed from its record peaks near the beginning of the year, as demand crumbles under seasonal elements and an outbreak in…
China Virus Affects the Crude Oil Market
International oil demand will endure its first quarterly drop in a decade because the COVID-19 virus lashes the economic system in China, and its impression ripples all through the world,…