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Small, Midsize Oil Producers Left Out of Stimulus Bill

2020-03-26 19:00:00| OGI

The U.S. Department of Energy has withdrawn a solicitation to purchase oil for the Strategic Petroleum Reserve citing a lack of certainty around funding.

Tags: left small bill oil

 

Post-crash Dallas Fed Survey: Oil Patch in Survival Mode, Workers Say

2020-03-26 18:30:00| OGI

The Dallas Feder Reserve Bank's quarterly survey of economic activity released on March 24 illustrates how swiftly things turned. The numbers are bad. The comments are dire.

Tags: mode say survey oil

 
 

Lawmaker Urges State Dept. to Boost Oil Price War Diplomacy

2020-03-26 14:54:21| OGI

McCaul applauds efforts to convince Saudis and Russians to cut production.

Tags: price state war oil

 

Murphy Oil CEO Takes Medical Leave over Coronavirus Concerns

2020-03-26 14:00:00| OGI

In the interim, David Looney, Murphy Oils executive vice president and CFO, will temporarily assume  RogerJenkins responsibilities as president and CEO.

Tags: leave medical takes oil

 

Big Oil May Have to Break Dividend Taboo as Debt Spirals

2020-03-26 10:10:00| OGI

The combined debt of Chevron, Total, BP, Exxon Mobil and Shell stood at $231 billion in 2019, just shy of the $235 billion hit in 2016.

Tags: big break oil debt

 

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