Tuesday, March 4, 2025
Here’s why financial markets are tanking around the world- oil and gas 360

Here’s why financial markets are tanking around the world

CNBC A group of oil-producing nations known as OPEC failed to reach a deal with its allies over oil output cuts following a meeting in Vienna on Friday. This led OPEC kingpin Saudi Arabia to slash its official selling prices for April and reportedly prepare for an increase in production. The shocking move came after OPEC ally Russia rejected the 14-member organization’s

Key Energy Services Announces Completion of Restructuring- oil and gas 360

Key Energy Services announces completion of restructuring

Oil and Gas 360 HOUSTON, March 09, 2020 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) announced today that on March 6, 2020, the Company completed the transactions described in its previously announced Restructuring Support Agreement (the “RSA”). Pursuant to the RSA and related agreements, lenders collectively holding over 99.5% of the Company’s term loans exchanged approximately $241.9

Should President Trump take immediate executive action on Russian, Saudi & OPEC oil imports?- oil and gas 360

Trump blames oil fight, ‘Fake News’ for stock market drop

Reuters WASHINGTON – U.S. President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake News,” for a precipitous drop in U.S. stock prices on Monday, amid sliding demand for crude due to the coronavirus. In a series of tweets, Trump also said the associated plunge in oil prices would benefit