'They are hurting right now': The oil patch and has been decimated
David McNew/Getty Images
US crude oil and gas inventories are at the highest seasonal level in at least two decades and Saudi Arabia is keeping exports high.
This global supply glut has pushed prices down below $40 a barrel, and it's hurting a wide range of industries.
We used Sentieo, an equity research platform, to search recent company earning calls for the phrases "oil price" and "oil patch" to see what people were saying.
As you can see, the lower oil price is hurting everyone from hotels to restaurants to retailers.
Scroll through below to see what senior execs at companies across America are saying about how oil is affecting their businesses:
- RBI Governor Das discusses ways to scale up UPI ecosystem with stakeholders
- People find ChatGPT to have a better moral compass than real humans, study reveals
- TVS Motor Company net profit rises 15% to ₹387 crore in March quarter
- Canara Bank Q4 profit rises 18% to ₹3,757 crore
- Indegene IPO allotment – How to check allotment, GMP, listing date and more
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market