Tuesday, March 4, 2025
Plunging oil prices might be just what U.S. gas drillers needed- oil and gas 360

Plunging oil prices might be just what U.S. gas drillers needed

Houston Chronicle As the collapse of OPEC+ talks on production cuts sent energy stocks into a tailspin, one corner of the industry defied the rout: U.S. natural gas drillers. Shares of gas producers including Cabot Oil & Gas Corp., Southwestern Energy Co., Range Resources Corp. and EQT Corp. climbed on speculation that the nosedive in crude prices will force oil

Oil prices plunge by a third as Saudi-Russian pump war looms- oil and gas 360

Oil prices plunge by a third as Saudi-Russian pump war looms

Reuters LONDON – Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they would hike output in a market already awash with crude after their three-year supply pact collapsed. Despite sliding demand for crude due to the coronavirus, Riyadh made