Industries

Energy

Oil dips on COVID-19 resurgence, fears of more supply

Oil dips on COVID-19 resurgence, fears of more supply

By: Stephanie Kelly
Source: Reuters
Date of Publication: October 15th, 2020
Oil prices edged lower on Friday, dragged down by concerns that a spike in COVID-19 cases in the United States and Europe will continue to drag on demand in two of the world’s biggest fuel-consuming regions.
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Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul

Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul

By: Stephanie Kelly
Source: Reuters
Date of Publication: October 8th, 2020
Fuel ethanol production nationwide has rebounded from the spring, hitting 923,000 barrels per day from 537,000 bpd in April, according to the Energy Information Administration. That was still 4% lower than the same time last year.
Small energy players lean on taxpayers and Wall Street for coronavirus aid

Small energy players lean on taxpayers and Wall Street for coronavirus aid

By: Devika Krishna Kumar, Tim McLaughlin
Source: Reuters
Date of Publication: October 5th, 2020
Several publicly traded energy companies took millions of dollars in U.S. taxpayer-funded loans to support their businesses even as those firms had access to other ways to generate cash, according to a Reuters analysis of U.S. Securities and Exchange Commission and other government data.
Pandemic Pain Persists for Big Oil Companies - WSJ

Pandemic Pain Persists for Big Oil Companies

By: Christopher M. Matthews and Sarah McFarlane
Source: The Wall Street Journal
Date of Publication: October 1st, 2020
A tepid rebound in fossil fuel demand and longer-term concerns about renewable energy and electric vehicles are driving down company values.
U.S. oil refiner Marathon Petroleum cuts 12% of staff because of pandemic

U.S. oil refiner Marathon Petroleum cuts 12% of staff because of pandemic

By: Erwin Seba
Source: Reuters
Date of Publication: September 30th, 2020
Marathon Petroleum Corp MPC.N, the top U.S. oil refiner, is cutting 12% of its workforce amid continued declines in fuel consumption due to the COVID-19 pandemic, it said on Wednesday.
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Exxon shares fall after it loses money for a second straight quarter

Exxon shares fall after it loses money for a second straight quarter

By: Pippa Stevens
Source: CNBC
Date of Publication: July 31st, 2020
On Friday Exxon posted its second straight quarterly loss.
Schlumberger slashes 21,000 jobs amid pandemic oil rout

Schlumberger slashes 21,000 jobs amid pandemic oil rout

Source: The Associated Press
Date of Publication: July 24th, 2020
Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed.
Exxon Mobil Stock Is on the Way Back, but It Will Take Some Time

Exxon Mobil Stock Is on the Way Back, but It Will Take Some Time

By: Ian Bezek
Source: Yahoo Finance
Date of Publication: June 19th, 2020
After an awful start to 2020, oil is finally showing some spark, which is just what they need over at ExxonMobil (NYSE:XOM). Now sure, Exxon Mobil stock is till down 32% year-to-date, but crude oil prices have recovered from their bizarre run below $0, and hit $40 per barrel recently.
How COVID-19 Is Changing the Way Global Firms Communicate - Knowledge@Wharton

How COVID-19 Is Changing the Way Global Firms Communicate

Source: Knowledge@Wharton
Date of Publication: June 16th, 2020
Ryerkerk spoke about her career and how the pandemic is reshaping her company’s culture and her own leadership style during a recent interview with Wharton management professor Peter Cappelli.
BP warns of $17.5 billion hit as pandemic accelerates move away from oil

BP warns of $17.5 billion hit as pandemic accelerates move away from oil

By: Hanna Ziady
Source: CNN Business
Date of Publication: June 15th, 2020
BP is writing down the value of its assets by as much as $17.5 billion as a shift away from fossil fuels is accelerated by the coronavirus pandemic.