Oil markets can expect more pain to come in the weeks and months ahead as they face an uphill battle back to “normal,” according to analysts at IHS Markit. The raw market forces that have been unleashed—record demand destruction, record supply cuts, record inventory builds—and even, for a moment in April, negative oil prices—will change […]

Bernadette Johnson, vice president, strategic advisory group at Enverus, issued the following statement in late April: “On April 20, May WTI futures did what was once thought to be unthinkable—they went negative. This most recent collapse is the direct result of an oversupplied market, dramatic demand destruction as a result of COVID-19, and contract expiration […]

Van Zandt Controls announced April 24 its partnership with Schneider Electric whereby Van Zandt is the new, exclusive manufacturers’ rep for Schneider’s Instrumentation, SCADA, and Telemetry lines for West and South Texas (Permian and Eagleford Basins) and Southeast New Mexico. According to Larry Richards, president and CEO of Van Zandt, this agreement entails the Foxboro […]

By Dan Eberhart, originally published 4/29 on RealClearMarkets.com With the world is facing a crisis the likes of which has not been seen for generations, businesses across the economy are grappling with extraordinary pressures brought about by stay-at-home orders and other government responses to coronavirus pandemic. While every sector of the economy is impacted, it […]

A report issued April 27 by Fitch Ratings reveals that a majority of sectors across corporates, financial institutions, infrastructure, public finance, sovereigns and structured finance would experience heavy Rating Outlook and Watch activity, as well as numerous ratings changes, in the event of a downside coronavirus scenario involving renewed large-scale lockdowns across major economies and […]