April 2, 2020 | Headlines, Oil Train
(Source: Argus Media, April 1, 2020) HOUSTON — U.S. railroad shipments of petroleum have dropped as crude and refined products prices fall to the lowest level in more than a decade. Full story: Argus Media
April 2, 2020 | Headlines, Oil Train
(Source: Bismarck Tribune, April 1, 2020) BISMARCK, N.D. — Whiting Petroleum Corp., a major Bakken oil producer, is filing for Chapter 11 bankruptcy. The Denver-based company cited the “severe downturn in oil and gas prices driven by uncertainty around the duration of...
April 2, 2020 | Canada, Headlines, Oil Train
(Source: Reuters, April 2, 2020) CALGARY — Canadian integrated oil and natural gas company Cenovus Energy said on Thursday it would reduce its full-year capital spending by another C$150 million ($106 million) and suspend its dividend, citing low global oil prices....
April 2, 2020 | AAR Freight Trends, Headlines
(Source: Railway Age, March 31, 2020) NEW YORK — Citing “increased macroeconomic uncertainty and corporate debt in focus across various sectors,” Cowen and Company recently delved into current debt levels at major railroad and trucking firms, and discussed actions...
April 2, 2020 | Amtrak, Headlines
(Source: www.marketplace.org, April 1, 2020) WASHINGTON, D.C. — Some standard advice in this topsy turvy market: Don’t check your 401(k). Suffice it to say the crisis, and the stock market volatility it’s caused, have damaged the retirement accounts of many Americans...
