Daily Oil & Gas and Wall Street Journal News
4/5/20 Oil Leaps on Potential Global Output Cuts Posted on Friday April 03, 2020
Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts next week.
Trump Phone Call Reports Surprise Oil Experts Posted on Friday April 03, 2020
Find out what Rigzone panelists view as the top oil market hits and misses for the week ending April 3, 2020.
Saudis Have Pricing Problem as Oil War Hits Month Two Posted on Friday April 03, 2020
Saudi Aramco will need to price its crude at aggressively low levels this month to keep its customers satisfied.
Billions in Oil Royalty Payments at Stake as Trump Mulls Relief Posted on Friday April 03, 2020
The teleconference with independent refiners and oil producers will follow a separate meeting between President Trump and oil industry execs at the White House.
The Natural Gas Surplus Goes Offshore Posted on Friday April 03, 2020
LNG traders are storing huge amounts of the commodity on tankers, hoping prices will rise before the ships dock.
OPEC+ Urges Global Cut to Stem Rout Posted on Friday April 03, 2020
Oil climbed on the prospect that an idea first touted by President Donald Trump on Thursday looked to be gaining some traction.
Oil Surges as OPEC+ Prepares for Monday Meeting Posted on Friday April 03, 2020
Oil advanced as OPEC+ scheduled an urgent meeting next week after a historic slump in prices that has crippled the energy sector.
Shale Can Shock the World Again Posted on Friday April 03, 2020
Here are some of Rigzone's top stories during the last week, just in case you missed them...
Wood Significantly Adjusts Cost Base Posted on Friday April 03, 2020
Wood announced Thursday that it is taking action to 'significantly' adjust its cost base in anticipation of a reduction in activity levels.
Apache Makes Significant Oil Find Posted on Friday April 03, 2020
Apache Corporation announced a 'significant' oil discovery offshore Suriname.
Wall Street Journal
WSJ.com: US Business
With Coronavirus Shutdowns, Airlines Learn to Manage Without Flying Many Planes No longer operating globe-spanning flights, airlines are consumed with new work: navigating government bailouts, negotiating with unions, finding places to park idle planes and scrounging for business like flying cargo. Nissan-Renault's Conundrum: How to Plan When 'We're Not Selling Anything' With sales evaporating and most factories closed, the leaders of Nissan and Renault say they are flying blind not knowing when business will return to normal. States Try Curbing Malaria-Drug Hoarding Amid Unproven Coronavirus Benefit States across the U.S. are taking steps to prevent hoarding of decades-old antimalarial drugs for treatment of the new coronavirus, an effort to preserve supplies for other patients who rely on the medicines to remedy ailments like lupus and arthritis. Ventilator Manufacturing Ramps Up, but Not Quickly Enough Intensified manufacturing efforts aren?t moving fast enough to meet the rising U.S. need for ventilators that can keep critical coronavirus patients breathing, hospital and medical-device company officials say. The Month Coronavirus Felled U.S. Business March began with the Dow coming off records and ended with blue-chip companies begging for bailouts. This is how the pandemic cut through the country?s commerce like nothing before it. State Shutdowns Have Taken at Least a Quarter of U.S. Economy Offline An estimated 29% of the U.S. economy has suddenly gone idle, an analysis shows, an unprecedented shutdown of commerce that economists say has never occurred on such a wide scale. Texas Gets Double Punch From Virus and Oil Shock. 'There's No Avoiding This One.' Thanks to fracking, the Lone Star State?s economy outpaced most of the U.S. after the 2008 financial crisis. Now it looks set to suffer a prolonged and outsize contraction.