Wyoming to Help Petroleum Industry with Coronavirus Funding

coronavirus | Submar

Wyoming to Help Petroleum Industry with Coronavirus Funding

Wyoming will use federal coronavirus relief funding to help petroleum companies move ahead with oil and gas drilling projects stalled by the pandemic and plug idle wells. North Dakota already is using Coronavirus Aid, Relief, and Economic Security (CARES) Act funding for well plugging and cleanup. Together, the two major oil-producing states will spend as

Read More...

Oil Drops 5% to Three-Week Low as Coronavirus Cases Spike

Oil prices fell over 5% to a three-week low on Wednesday as surging coronavirus infections in the United States and Europe are leading to renewed lockdowns, fanning fears that the unsteady economic recovery will deteriorate. Brent futures fell $2.12, or 5.15%, to $39.08 a barrel, while U.S. West Texas Intermediate (WTI) crude settled 5.5%, or

Read More...