Shale-oil companies are taking some of the harder lumps on Wall Street as crude prices tumble and President Donald Trump’s trade war runs headlong into his goal to turbocharge US energy production.

The company plans to lay off 630 employees in 60 days. Sen. Grant Hauschild said Cliffs has excess pellets, and the auto industry, which uses Cliffs steel, faces "challenging economic conditions.

Scott Sheffield, who founded Pioneer Natural Resources and sold last year the top Permian basin producer to ExxonMobil for $60 billion, expects two or three years in which the U.S. shale patch ...

But then, reality hits. In an FT article published last night titled, "Trump’s energy chief says US shale can ‘drill, baby, drill’ at low oil price." Chris Wright claimed that: The US sector ...

Shale executives at the CERAWeek energy conference this week warned that peak oil may be near, as the top tier of drilling targets is largely exhausted after ~15 years of intensive shale drilling ...

Cleveland-Cliffs experienced a 15% decline over one month following its earnings announcement on February 24. The company reported a larger-than-expected loss of $0.68 per share and fell short of ...

Petronas has launched a process to potentially sell its interest in a Vaca Muerta joint venture which would see Malaysia’s national oil and gas firm exit the Argentinian shale region ...

While conjecture on our part, OPEC+ could be trying to retake share from US shale, gambling that independents have drilled through their highest-quality inventory. Still, most US shale firms boast ...

In a move that says just as much about the state of the steel industry as the automotive industry, Cleveland-Cliffs has confirmed that it will lay off 600 workers from its Dearborn Works facility ...

A branch the man gripped "snapped," causing him to fall down the Alaska cliff as he looked for his dog, authorities said Anchorage Fire Department/Facebook Authorities have rescued a man after he ...

In this article, we are going to take a look at where Cleveland-Cliffs Inc. (NYSE:CLF) stands against other best steel stocks to buy according to billionaires. The steel sector remains vital to ...

Cleveland-Cliffs plans to idle its Minorca mine and partially idle its Hibbing mine. A statement from the company says, “These temporary idles are necessary to re-balance working capital needs ...