Saturday, November 30, 2024
Pipeline operators ask oil companies to stop production as storage fills up-oil and gas 360

Pipeline operators ask oil companies to stop production as storage fills up

Houston Chronicle A new problem attributed to the coronavirus pandemic is slowly brewing out in the oil patch. Pipeline operators with full storage tanks are asking some Texas oil companies to stop production as the ongoing price war between Russia and Saudi Arabia has exacerbated a global supply while the pandemic has dramatically cut global demand. In a Saturday morning tweet,

Trump to speak with Putin, criticizes Russian-Saudi oil price war as 'crazy'- oil and gas 360

Trump to speak with Putin, criticizes Russian-Saudi oil price war as ‘crazy’

Reuters WASHINGTON – President Donald Trump said on Monday he planned to speak with Russian President Vladimir Putin and said Saudi Arabia and Russia “both went crazy” in their oil-price war, a battle begun just as the spread of the coronavirus around the world squashed oil demand. “I never thought I’d be saying that maybe we have to have an