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CEO of Top US Shale Producer Sees Oil Price Recovery Continuing
2020-05-07 19:30:00| OGI
Even when U.S. benchmark prices return to $45/bbl, "very few" U.S. producers would be able to afford to expand production because of high debt levels, Pioneer Natural Resources CEO Scott Sheffield says.
Hess Sees No Production Shut-ins on Hedges, Storage Capacity
2020-05-07 15:11:17| OGI
The company said that in 2020 about 80% of its production is hedged with put options for 130,000 barrels per day at $55 per barrel West Texas intermediate (WTI) crude, and 20,000 barrels per day at $60 per barrel Brent.
Tags: production
storage
capacity
sees
Puma sees Q1 profits dive by 62%
2020-05-07 14:04:00| Daily apparel & textile news and comment - from just-style.com
Puma has booked a 61.6% plunge in first-quarter profits as sales were "heavily impacted" by Covid-19.
HanesBrands sees US$300m sales opportunity in PPE
2020-05-06 18:16:00| Daily apparel & textile news and comment - from just-style.com
T-shirt and activewear maker HanesBrands is ramping up the production of masks and protective garments in response to the global coronavirus pandemic - and says the business could become a permanent part of its portfolio.
Tags: sales
opportunity
sees
ppe
Billionaire Sam Zell Sees Economy Permanently Scarred by Pandemic
2020-05-05 18:34:00| National Real Estate Investor
Zell expects some amount of social distancing and working from home to persist long after the acute phase of the outbreak is over, possibly for years.
Tags: sam
economy
sees
permanently
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