We’re taking a departure from the normal here. But what’s ‘normal’ right now anyway? And what will be normal next quarter? So, we asked.
Even when U.S. benchmark prices return to $45/bbl, "very few" U.S. producers would be able to afford to expand production because of high debt levels, Pioneer Natural Resources CEO Scott Sheffield says.
"Occidental officially told us that we cannot acquire the Algeria assets," Total CEO Patrick Pouyanne told analysts during a conference call after the French company's first-quarter 2020 results.