Tag: Exxon

The Daily Dose

April 9, 2020

-Trump no longer hates OPEC. -Any OPEC cuts would come from already extraordinary heights. Some 6.6 million Americans lost their jobs last week, though equities markets are showing a return to optimism amid early signs of a slow pandemic recovery. In the American oil sector, however, the pain is severe and enduring, with investments receding … More The Daily Dose

The Daily Dose

April 7, 2020

-Exxon cuts spending. Continental cuts production. -US oil sector continues to take a beating. Close to a dozen oil producing nations have been invited to a virtual town hall of sorts to discuss how to address the evaporation of global demand. The collapse of OPEC+ restraint and the closure of major segments of the world’s … More The Daily Dose