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At one point on Monday morning, West Texas Intermediate hit $10.34 a barrel — the lowest price in 34 years. At the start of 2020, that same barrel cost around $60.
New York Stock Exchange trading was halted temporarily after indexes plunged 7% in reaction to Saudi Arabia’s oil price cut amid increasing fears over the coronavirus epidemic’s economic impact.
Independent analysts say the evidence available suggests Iran played a role in the weekend attack. The question is how big that role might be.
Qatar made the announcement early Monday — the same day it informed OPEC it is withdrawing from the group. The country says it wants to focus on producing natural gas.
The operator of a northeast Ohio deep-injection well for drilling wastewater that’s been shuttered since it was tied to seismic activity last year is fighting to get the facility reopened. American Water Management Services asked the Oil and Gas Commission at a Wednesday hearing to lift a state chief’s order that shut down the well… Read More
More than one-third of the rigs in Ohio’s Utica Shale have stopped drilling since December, and more could be idled if oil and natural-gas prices stay low. Since late November, when OPEC decided not to reduce production, natural gas prices are down a quarter and oil prices are down 38 percent. That means less money… Read More
The state of Ohio says oil and gas production rose again in the fourth quarter of last year. Statistics released by the state Wednesday show production of oil and natural gas from shale drilling continued its steady increase in the last three months of 2014. The figures show more than 3.5 million barrels of oil… Read More
Workers in northwest Ohio continue to protest as the first nationwide oil refinery strike since 1980 moves into its fourth week. About 200 people demonstrated Tuesday outside the Marathon Petroleum Corp. headquarters in Findlay despite temperatures in the teens. More than 60 workers from the BP-Husky refinery in Oregon near Toledo joined the demonstration, and… Read More