In the first quarter of 2020, we saw billions of people on lockdown or various forms of stay at home orders due to the COVID-19 pandemic. As the world comes back online slowly, many industries continue to feel the pains of COVID-19. Oil refineries are among those who are struggling despite reopening and increasing oil …
Refineries Are Feeling the Squeeze Amid COVID-19 Read More »
Those with interests in oil production are feeling a bit of relief for the first time in months. After oil prices bottomed out and went into negative territory in April for the first time in history, many oil companies were fearing imminent bankruptcy. Now, with areas of the country re-opening, there is a slow rebound …
Oil Prices Are On the Rise As Social Distancing Requirements Ease Read More »
The oil and gas market is notoriously volatile, but amid COVID-19 it is more volatile than ever before with oil prices going negative for the first time in history on April 20, 2020. While the price drop has some consumers rushing to fill their gas tanks affordably, oil producers and investors are reeling. Louis Dickson, …
Making History: Oil Prices Go Negative for the First Time Ever Read More »
COVID-19, also known as Coronavirus, has impacted people the world over, effectively stopping day-to-day life in many regions of the world. Many industries are being impacted negatively by the spread of the virus, with the oil and gas industries among the hardest hit. In recent days, White House Insiders have stated that the Trump Administration …
Oil Industry Bailout? Industry Leaders Say ‘No Way’ Read More »
Even people who are not generally aware of oil prices have likely heard that oil prices are dropping. This is big news that is impacting not just the United States, but the world at large. When you understand why oil prices are dropping, you understand why this is important news for everyone, including the everyday …
Why Oil Prices Are Crashing: What You Need to Know Read More »
You can’t always feel it, but everyone in our HQ town, Houston, knows that current oil prices mean good and bad news for the local economy.
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