Posted on · Oil prices are hovering at an uncomfortable $40 a barrel, and aren't expected to rebound anytime soon. For some workers it's starting to sound a lot like the 1980s, when oil prices plummeted and stayed low for years and wreaked havoc on Houston's economy.
Posted on · As the Coronavirus pandemic and an international price war forced the price of Texas oil to plunge, many producers said they needed it to go back up to at least $40 a barrel. Companies now get to test out if they can survive at that price, as most experts say that's where it's going to sit for the rest of the year.
Posted on · The same trading deadline that helped push prices below zero in April is now approaching for this month. But experts don't expect things to get quite as bad.
Posted on · As Texas oil continues to trade under $25 per barrel, one bankruptcy expert says more companies could find themselves in jeopardy of going under.
Posted on · Small businesses, particularly in the energy sector, will be among the hardest hit
Posted on · The price of oil in Texas is getting hit from two sides: the pandemic is decreasing demand, plus an international dispute that's increasing supply. However, people working in the energy industry have seen big downturns before. Do they think this one is different?