Oil Prices Rise as Suppliers Hold Back
U.S. crude oil prices rose above $50 per barrel for the first time since February.
Chevron to Buy Noble Energy for $5B
The large energy sector deal could signal a wave of acquisitions.
BP Faces $17.5B Q2 Hit
The oil giant lowered its oil price expectations through 2050 due to the COVID-19 pandemic.
Diamond Offshore Files for Bankruptcy
The drilling company is the fifth publicly traded oil company to file for bankruptcy in the last 30 days.
Oil Prices Fall to Lowest Levels in 18 Years
The decrease in air traffic demand due to the coronavirus pandemic is a key driver of the price drop.
IEA Sees Drop in Oil Demand
"The immediate outlook for the oil market will ultimately depend on how quickly governments move to contain the coronavirus outbreak.”
Saudi Aramco Plans $25.6B Share Sale in Record-Breaking IPO
The IPO, which is the largest in history, would value the company at $1.7 trillion.
IEA Cuts Oil Demand Forecast
Oil demand growth falls to its lowest level in years as the global economy slows.
GulfMark Files Chapter 11 Amid Oil Price Drop
The downturn in oil has caused half of the company's fleet of 66 offshore support vessels to be idled.
Venoco Files Chapter 11 Due to Oil Price Slump
The Denver company says the declining price of oil and the closure of a key pipeline "continue to be serious problems."