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Tag: oil
Falling Diesel Use Makes US Oil Industry Like the Snake Biting Its Own Tail
2020-05-08 21:15:00| OGI
William Thomas, CEO at EOG Resources Inc., said May 8 on an investor call that the "historic and prolific oil production growth by U.S. shale may have been forever altered."
US Drillers Cut Oil, Gas Rigs to Historic Low
2020-05-08 19:33:56| OGI
The rig count, an early indicator of future output, fell by 34 to a record low of 374 in the week to May 8, according to data from energy services firm Baker Hughes Co. going back to 1940.
Oil Heads for Another Weekly Gain on Demand Hopes and Shut-Ins
2020-05-08 15:42:40| OGI
US crude production is declining faster than expected, but inventory continues to increase.
Murphy Oil Moves HQ to Houston after Unprecedented Oil Price Collapse
2020-05-08 00:00:00| OGI
The move means shuttering its legacy headquarters office in El Dorado, Ark., where Murphy Oil was formed by its namesake in 1944.
North American Oil Producers Cut Output Quicker Than Some Expected
2020-05-07 19:40:05| OGI
They are on course to cut roughly 1.7 million barrels per day (MMbbl/d) by the end of June, according to a Reuters analysis of U.S. state and company data.
Tags: north
american
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