News

Oil & Gas

Reuters | Equities.com |

If the settlement talks conclude successfully, Icahn associates Andrew Langham and Nicholas Graziano would get board seats.


Stephen L Kanaval | Equities.com |

The cuts are expected to boost Shell’s cash generation by $8 billion to $9 billion on a pre-tax basis.


AP News | Equities.com |

The price of U.S. crude oil also took another nosedive as investors anticipate a sharp drop in demand for energy as manufacturing, travel and commerce grind nearly to a halt.


Reuters | Equities.com |

IHS Markit and Standard Chartered bank have also predicted demand could drop by as much 10 million bpd by April.



AP News | Equities.com |

After a brutal few weeks, the Dow has now lost nearly all of its gains since President Trump’s inauguration.


Reuters | Equities.com |

The largest US oil producer changed its mind about maintaining outlays in the face of an unprecedented fall in oil prices.


Reuters | Equities.com |

Other data on Thursday showed producer prices dropping by the most in five years in February.


Stephen L Kanaval | Equities.com |

“In line with our production capacity growth strategy ... we are in a position to supply the market with over four million barrels per day in April."


AP News | Equities.com |

Market watchers say more big swings are likely until the outbreak starts to slow down.