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US Crude Oil Futures Plunge to 1986 Low on Scant Storage, Weak Demand
2020-04-20 18:00:00| OGI
U.S. crude futures hit a low of $10.01/bbl, the lowest since 1986. Analysts said the sell-off was exaggerated by the contract's imminent expiry.
Report: Oil Industry Wasnt Digitally Prepared for Crisis
2020-04-20 11:30:00| OGI
Only 13% of oil and gas industry leaders believe that they are adopting new technologies fast enough to succeed, a recent report says.
Tags: report
industry
prepared
oil
Oklahoma Judge to Recommend Regulators Rule Oil Production Economic Waste
2020-04-20 11:10:00| OGI
If approved by regulators, the motion could allow oil and gas companies to shut-in wells without losing leases that sometimes require drilling.
Tags: production
economic
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oil
US oil prices drop to 21-year low as demand dries up
2020-04-20 06:14:14| BBC News | Business | UK Edition
Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.
US Oil Rig Count Plummets By 66
2020-04-17 19:50:26| OGI
The total count dropped to 438, the lowest since October 2016, energy services firm Baker Hughes Co. said in its weekly report.
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