U.S. President Donald Trump said on Tuesday he has asked his cabinet to devise a plan to inject cash into the ailing U.S. oil-drilling industry to help it survive a historic collapse in crude prices. "We will never let the great U.S. Oil & Gas Industry down.
U.S. steel companies are slashing production to match a sharp collapse in demand caused by manufacturers idling plants to slow the coronavirus pandemic. The U.S. steel industry has fallen into its most severe downturn since the 2008 financial crisis. United States
Steel Corp. (X), ArcelorMittal (MT) and other steelmakers are ratcheting back output and shedding workers, anticipating that orders and prices will fall further.
Climate change and Environmental Social Governance will transform the energy industry risk landscape, according to Willis Towers Watson (WLTW), a leading global advisory, broking, and solutions company, at the launch of its annual Energy Market Review.
Japanese shares on Thursday tracked overnight losses on the Wall Street, as economic damage from COVID-19 weighed on investor sentiment, with banks and automakers leading the declines.
Texas regulators on Tuesday debated curtailing oil output in the state in response to cratering demand caused by the new coronavirus. The virtual discussion by the Railroad Commission of Texas over whether to limit production-- a step the state hasn't taken since the 1970 s-- attracted numerous oil industry leaders, including the heads of shale producers Pioneer Natural Resources Co., Parsley Energy Inc. (PE) and Marathon Oil Corp. (MRO). It quickly became apparent that the industry was...
Texas regulators on Tuesday debated curtailing oil output in the state in response to cratering demand caused by the new coronavirus. The virtual discussion by the Railroad Commission of Texas over whether to limit production-- a step the state hasn't taken since the 1970 s-- attracted numerous oil industry leaders, including the heads of shale producers Pioneer Natural Resources Co., Parsley Energy Inc. (PE) and Marathon Oil Corp. (MRO). It quickly became apparent that the industry was...
Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling.
Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling.
Mexican President Andres Manuel Lopez Obrador said on Wednesday the domestic auto sector can resume operations shortly after the U.S. industry gears up from a coronavirus-led halt, to avoid further disruption to closely interconnected supply chains.
Canada's main stock index rose on Wednesday, lifted by energy shares tracking stronger oil prices, while hopes that the coronavirus outbreak could be peaking in the United States helped broader sentiment. * The number of COVID-19 hospitalizations seemed to be leveling off in New York state, the U.S. epicenter of the pandemic, even as coronavirus deaths hit new highs.
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