Tag: oil price crash

Q1 2020 Big Oil Earnings: What Did We Learn From Dire Figures?

(Photo: Daniel Roland) AFP via Getty Images The first quarter earnings season for oil and gas...

Saudi Aramco Keeps Record $18.75 Billion Dividend Payment Intact Despite Profits Slump

A worker rides a bicycle past oil tanks at an oil processing facility of Saudi Aramco at the Abqaiq...

Oil Major Equinor Suspends 2020 Guidance Following 51% Slump In Earnings

Equinor's CEO Eldar Sætre looks at his own shadow on an Equinor sign outside the company's ... headquarters...

Oil Giant Total Maintains Dividend Despite ‘Exceptional’ 35% Plunge In Profits

(Photo Illustration by Budrul Chukrut) SOPA Images/LightRocket via Getty Images Oil and gas major Total (EPA:FP)...

Shell Cuts Dividend By 65% On ‘Prolonged’ Oil Market Uncertainty

(Photo Illustration by Budrul Chukrut) SOPA Images/LightRocket via Getty Images Royal Dutch Shell (LON:RDSB) has cut...

ExxonMobil Follows BP In Maintaining Quarterly Dividend Despite Oil Slump

(Photo: Filip Radwanski) SOPA Images/LightRocket via Getty Images Oil and gas behemoth ExxonMobil XOM ...

Oil Price Crash Drives Diamond Offshore To Bankruptcy With 2,500 Jobs At Stake

(Photo: Tim Rue/Bloomberg) BLOOMBERG NEWS The ongoing oil price slump, that has seen U.S. oil futures...

Coronavirus Downturn Has Hit Commodities Hard But Uranium’s 30% Uptick Bucking Trend

Uranium concentrate, commonly known as U3O8 or yellowcake, at a processing facility in Kyzemshek, ... Kazakhstan (Photo: Daniel...

Another Tweet From Donald Trump, Another Unfounded Oil Rally That Won’t Last

U.S. President Donald Trump speaks at the daily briefing of the White House Coronavirus Task Force ... on...

Where Next As Oil Closes Below Zero For First Time In Trading History

Oil futures crashed below zero for the first time in history as traders facing demand declines caused by the Covid-19 or coronavirus outbreak scrambled...

Crude Reality Of Dire Demand Sends Oil 9% Lower Despite Historic OPEC+ Deal

An oil production cut of historic proportions was sealed on Easter Sunday (April 12) to help a beleaguered oil and gas industry from hemorrhaging...

Oil Price Crash Pushes Whiting Petroleum To Bankruptcy As Stock Slumps 91%

Whiting Petroleum Corporation WLL has become the first oil and gas sector casualty of the current slump in crude demand in...

Oil Storage May Run Out In 6 Months As Crude Futures Endure Worst Ever Quarter

If the Asian closing prices of oil futures on Tuesday (March 31) – the final day of the first quarter of 2020 – are...

There’s Still Plenty Of Downside In This Oil Market

It’s hard to overstate the nature of what has happened in the oil markets since the beginning of the coronavirus (COVID-19) outbreak in early...

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