Thursday, November 28, 2024
House passes $2 trillion coronavirus stimulus bill, sends it to Trump- oil and gas 360

House passes $2 trillion coronavirus stimulus bill, sends it to Trump

CNBC The House passed a $2 trillion coronavirus relief bill on Friday, sending the unprecedented measure to President Donald Trump’s desk after a scramble to block an effort to delay its passage. The chamber approved what is believed to be the largest spending package in U.S. history by voice vote, which simply measures if more lawmakers shout for “aye” or “nay”

Apache makes deeper cuts while its Permian Basin rig count goes to zero-oil and gas 360

Apache makes deeper cuts while its Permian Basin rig count goes to zero

Houston Chronicle Houston oil company Apache Corp. is making deeper budget cuts while its Permian Basin rig count has declined to zero. Apache reported Friday that the company has cut $1.3 billion from this year’s capital spending budget, reducing the company’s annual dividend by $340 million and cutting $150 million in other expenses. The company previously announced a $700 million

Falling Latam demand deprives U.S. refiners of top customers- oil and gas 360

Falling Latam demand deprives U.S. refiners of top customers

Reuters MEXICO CITY/NEW YORK  – Latin American demand for refined products is rapidly drying up as the coronavirus pandemic worsens, leaving U.S. refiners without their main export destination. The crisis has nearly shut down worldwide air travel and fuel demand, which is expected to fall between 10% and 36% in Latin America through the first half of the year. Although