US oil production plunges as the industry retrenches, and more cuts are expected after a price crash

An oil effectively owned and operated by Apache Corporation in the Permian Basin, considered on February…

The oil industry shakeout is just beginning with more production cuts and bankruptcies ahead

Mark II Unitorque electrical pumping unit at a crude oil nicely website outdoors South Heart, North…

Recovering from this unprecedented oil crash could take years and may not benefit Saudi or Russian producers

In the course of my 36-year profession, I’ve coated 5 crashes within the value of oil.…

The oil industry has never been in a crisis quite like this and many producers will not survive

A pumpjack operates above an oil effectively at evening in the Bakken Formation on the outskirts…