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Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Price
30-03-2020

Russia’s Plan To Bankrupt U.S. Shale Could Send Oil To $60
As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently.
29-03-2020

Saudi Arabia Has Assured India of Uninterrupted LPG Supply: Dharmendra Pradhan
India's oil minister said on Sunday he would continue to supply the country with liquefied petroleum gas.
Oil Price
29-03-2020

After Oil Price Crash, Russia Looks for OPEC Deal
Russian officials were reportedly looking to establish another OPEC+ deal to balance oil markets.
Oil Price
28-03-2020

The Cheapest Way For Trump To Save U.S. Oil
The President of the United States has the power, at his sole discretion without any other authority, to place a fee on imported oil or products.
Oil Price
28-03-2020

Saudi Arabia Says no Talks on New Oil Deal, Moscow Suggests Larger OPEC+
Saudi Arabia said on Friday that it is not in talks with Russia to balance oil markets, despite rising pressure from Washington to stop a price rout, amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader.
Oil & Gas Trade
27-03-2020

Australia's Woodside Slashes $2 bln in Spending, Delays Key Gas Projects
Woodside Petroleum has halved its 2020 spending forecast and delayed the start of two of its biggest gas projects.
Oil & Gas Trade
27-03-2020

Demand Destruction Foils Saudi Arabia’s Plan To Flood Europe With Oil
Saudi Arabia has promised a flood of cheap oil to Europe as it aims to hit its former ally Russia in its own backyard, but it looks like demand for the ultra-cheap Saudi crude doesn’t exist after all.
Market Analysis
27-03-2020

Russia Will Ignore Oil Markets In G-20 Video Summit
The oil market will not be a topic of discussion at the G-20 video summit later on Thursday, the Kremlin spokesman Dmitry Peskov told reporters when asked about the agenda of the summit.
Oil and Gas Technology
26-03-2020

First-of-its-kind Power Plant Utilizes Ethane in Combustion Mix
A new Competitive Power Ventures gas-fired power plant in Pennsylvania.
Market Analysis
26-03-2020

Covid-19 Triggers 20% Drop in Oil Demand
The outbreak of covid-19 could have a major impact on global oil demand.
Oil Price
26-03-2020

Can The U.S. Convince Saudi Arabia To End The Oil War?
US Secretary of State Michael Pompeo is applying verbal pressure to Saudi Arabia, encouraging the Middle Eastern country who started the oil price war to “rise to the occasion” and reassure the oil markets, the State Department has said, according to the
Oil Price
26-03-2020

Oil Climbs As U.S. Pushes For An End To The Price War
Oil prices continued to rise for the third day in a row, recovering earlier losses as U.S. lawmakers pressure Saudi Arabia to end the oil war.
Crude Oil
26-03-2020

World’s Largest Oil Trader Says Demand Could Plummet By 20 Million Bpd
A dramatic change in oil demand coupled with an unexpected increase in production has upended the industry, Vitol’s chief executive Russell Hardy told Bloomberg in an interview.
Oil & Gas Trade
26-03-2020

Russia’s Unexpected Advantage in The Oil Price War
While the ruble is now at its lowest level against the dollar in four years, the cheaper ruble has a silver lining for Russia’s oil producers in the oil price war for market share with Saudi Arabia.
Crude Oil
26-03-2020

Global Oil Demand Forecast to Fall by 4.9 Million Barrels Per Day in 2020: Rystad
Global oil demand could fall by as much as 4.9 million barrels per day (bpd), or by about 4.9 per cent, in 2020 due to the coronavirus outbreak, Norway's biggest independent energy consultancy Rystad Energy said on Wednesday.
Oil Price
25-03-2020

UK Supermarkets Cut Fuel Prices As Oil Continues to Plunge
The RAC said it is the largest single cut it has seen and predicted it will result in prices sinking to a four-year low.
Oil Shale
25-03-2020

What Happens if U.S. Shale Goes Bust?
This month has seen a spectacular oil price crash the likes of which we haven't seen in decades. The last time we had since a single day oil price drop as drastic as Monday, March 9 was way back in 1991.
Crude Oil
25-03-2020

Thai Oil Refiners Cut Output as Fuel Demand Falls: Sources
Thailand is one of the largest oil refining centers in southeast Asia.
Crude Oil
25-03-2020

Oil Ekes Out Gains as U.S. Stimulus Hopes Lift Global Markets
Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid package to stem the economic impact of the coronavirus pandemic.
Oil & Gas Trade
25-03-2020

U.S. Goes Ahead With Oil, Gas Lease Sales Despite Price Crash
Despite calls for immediate suspension of oil and gas drilling lease sales on federal land amid slumping prices, the U.S. will hold lease sales this week in four states, Reuters reported on Tuesday.
Oil Price
25-03-2020

Libya Says Oil Shutdown Losses Exceed $3.5 Billion
Libya's oil company says economic fallout from a protracted blockade of its vital oil facilities has resulted in losses surpassing $3.5 billion at a time when the war-torn country struggles to prevent the new coronavirus.
Oil Price
24-03-2020

U.S. Diesel Cash Prices Latest to Slump from Coronavirus Fallout
U.S. ultra-low sulfur diesel was the latest product refined from crude oil to take a hit in its cash market last week, after refiners boosted production in a bid to flee poorer margins for other products more affected by coronavirus fallout.
Oil Price
24-03-2020

Oil Majors Are Preparing For $10 Oil
The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.
Oil Price
23-03-2020

US Diesel Cash Prices Latest to Slump From Coronavirus Fallout
US ultra-low sulfur diesel was the latest product refined from crude oil to take a hit in its cash market last week.
Oil Price
23-03-2020

Algeria Says to Slash Spending in Response to Oil Price Crash
The President announced a 30% cut in the state's operating budget, but did not specify a new level of spending.

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