In The News

Monday, 03/30/2020

March 27, 2020 – The Hill

Oil price drop threatens US fracking boom

By REBECCA BEITSCH

Plummeting oil prices caused by a Saudi-Russian feud and the coronavirus outbreak may lead to a decline in fracking, the controversial practice that has fueled the domestic energy revolution in the U.S.

Fracking, which involves blasting water and other chemicals deep within the ground to lift oil out of rock crevices, is more expensive than using a traditional oil derrick, making U.S. producers more sensitive to dropping prices…

Read the...

Monday, 03/30/2020

March 27, 2020 – The Street

Jim Cramer Answers 5 Questions Around the Coronavirus

By Katherine Ross

Here's what's on Cramer's mind when it comes to oil.

"...Oil must hold $20 a barrel. I talk all the time to my friend, Rusty Braziel at rbn.com about this. He does the best energy work in the world. And he's talking about how they're still pumping 13 million barrels, this country. We have no ... we still have some room for it, but it's being reserved by some of the tank companies because they think it's going to really...

Friday, 03/27/2020

 

March 23, 2020 – Engineering News-Record

COVID-19 and Falling Oil Prices Roil Oil and Gas Sector

By: Pam McFarland

Lower demand for oil as a result of the new coronavirus, in addition to the Russian-Saudi price war, is already leading to work stoppages, furloughs and spending cuts at energy companies, particularly oil and gas producers in the Marcellus and Permian shale plays. Analysts say the problems could lead to longer completion times for downstream construction projects that have halted, even temporarily.

David...

Friday, 03/27/2020

March 20, 2020 – Toronto Star

Trans Mountain expansion is not all it’s cracked up to be

By Mike Priaro

It’s not April Fools, and this is no joke, but according to data from Statistics Canada, an average of 20,547 bbl/d (barrels per day) of Alberta crude were shipped to Asia via the Westridge Marine Terminal of the Trans Mountain Pipeline during 2018.

Unless you want to call it a sad joke. Because in other news, according to U.S. energy market consultant RBN Energy, since the ban on most exports of U.S....

Friday, 03/27/2020

March 19, 2020 – Forbes

Just Six Months To ‘Tank Tops’ In Race To Store Up Cheap Oil

By Christopher Helman

Planes are grounded. Factories closed. Millions of commuters are staying at home. Coronavirus panic has cratered demand for fuels and other petroleum products by nearly 10% worldwide. Add in the extra 1 million-plus barrels per day that the Saudis and Russians have decided to pump into the market amid a marketshare war — and the global glut of crude oil is set to approach 10 million barrels per day. “This is a dual shock...

Pages