David Wethe
Reporter at Bloomberg News
Energy reporter in Houston @Business. 🎙Voice of the Grizzlies. @Mizzou grad. Formerly @startelegram @DallasBizNews. Opinions = mine. Retweets not endorsements.
Articles
-
1 week ago |
bloomberg.com | Emma Sanchez |Emma Sánchez |David Wethe |Kevin Crowley
Liberty Lift Solutions LLC pumpjacks. (Bloomberg) -- Energy Secretary Chris Wright says Donald Trump’s administration is giving the “green light” to more US oil production, but the signal from the fracking company he used to run is flashing bright red. Liberty Energy Inc., which Wright led until his appointment to Trump’s cabinet, has tumbled 43% this year, one of the most precipitous declines among US energy stocks.
-
1 week ago |
news.bloomberglaw.com | Emma Violand Sanchez |Emma Sánchez |David Wethe |Kevin Crowley
Energy Secretary Chris Wright says Donald Trump’s administration is giving the “green light” to more US oil production, but the signal from the fracking company he used to run is flashing bright red. Liberty Energy Inc., which Wright led until his appointment to Trump’s cabinet, has tumbled 43% this year, one of the most precipitous declines among US energy stocks. The value of Wright’s stake in Liberty has fallen by nearly half to about $30 million over that period.
-
1 week ago |
news.bloomberglaw.com | Caleb Mutua |David Wethe
Oil companies, which comprise the sixth-biggest sector in the US high-yield bond market, are getting hit as investors fret that a pause on tariffs won’t be enough to offset falling crude prices that are muddying the industry’s growth outlook. Bonds tied to energy companies have lost 4.07% so far this month on a total return basis, more than the 2.44% loss for the broader Bloomberg junk index, solidifying energy as the worst performing sector.
-
1 week ago |
news.bloomberglaw.com | Caleb Mutua |David Wethe
Oil companies, which comprise the sixth-biggest sector in the US high-yield bond market, are getting hit as investors fret that a pause on tariffs won’t be enough to offset falling crude prices that are muddying the industry’s growth outlook. Bonds tied to energy companies have lost 4.07% so far this month on a total return basis, more than the 2.44% loss for the broader Bloomberg junk index, solidifying energy as the worst performing sector.
-
2 weeks ago |
insurancejournal.com | Kevin Crowley |David Wethe |Emma Sanchez |Emma Sánchez
The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices. The market rout sparked by President Donald Trump’s trade war is touching almost every part of the economy. But there are probably few industries feeling more aggrieved right now than US shale oil.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →Coverage map
X (formerly Twitter)
- Followers
- 2K
- Tweets
- 2K
- DMs Open
- No
President Donald Trump threatened fresh tariffs and possibly sanctions on Mexico, escalating a dispute about water at the US southern border https://t.co/c2tdzjLqHP via @bpolitics
The US slashed its forecasts for global oil demand growth and domestic crude production as Donald Trump’s tariff moves puts a cloud over the economic outlook https://t.co/49LsKkXzN3 By @MiaGindis & @nathanrisser1 via @markets
Texas oilmen are growing impatient due to President Trump's trade war https://t.co/JimaMtyxXw w/@CrowleyKev & @19eisanchez via @markets