Occidental Petroleum’s Stock Slump, $40 Billion Debt And Junk Status Flag Worst Of US Oil Patch Excesses

This post was originally published on this siteAfter the coronavirus or Covid-19 pandemic triggered yet another downtown in a notoriously cyclical oil and gas industry, much of market

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Why OPEC+ Oil Production Cut Agreed Under Covid-19 Stress Is Destined To Fall Apart

This post was originally published on this siteWhat do you get when two sides have a spectacular public falling out in full view of the international press, and are subsequently forced by extreme

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5 Top Canadian Oil Stocks To Buy In 2020

This post was originally published on this siteGiven the near-term value destruction in the oil and gas sector caused by the coronavirus or Covid-19 global pandemic, investors could be forgiven

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Oil Has Recovered From Record Lows But $40 Prices Unlikely Before Q3 2020

This post was originally published on this siteYou could be forgiven for being a little foxed with the oil market right now, especially if the West Texas Intermediate (WTI) is your preferred

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Oil Above $30 For First Time In Two Months On Massive Production Cuts Chatter

This post was originally published on this siteOil futures traded above $30 per barrel on Monday (May 18) for the first time in two months, as the perception of huge production cuts supported

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

This post was originally published on this siteOil and gas majors continue to post dire quarterly financials with Norway’s Equinor reporting a massive slump in pre-tax earnings along with a

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

This post was originally published on this siteRoyal Dutch Shell (LON:RDSB) has cut its dividend for the first time since the Second World War on the “prolonged” oil market

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Profits Slump 67% At BP But Oil Major Maintains Dividend Despite Coronavirus Downturn

This post was originally published on this siteFirst quarter profits at BP (LON:BP) have fallen by 67% on lack of global oil demand and the crude price crash triggered by the coronavirus or

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Oil Price Crash Drives Diamond Offshore To Bankruptcy With 2500 Jobs At Stake

This post was originally published on this siteThe ongoing oil price slump that has seen U.S. oil futures crash into negative prices, has ensnared yet another company after Diamond Offshore

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WTI Oil Contract Crashes 74% But Some ETF Investors Refuse To Give Up

This post was originally published on this siteThe West Texas Intermediate May oil futures contract, set to expire on Tuesday (April 21), is suffering a slow and painful end at the hands of

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