Oil

Oil Price
Saudi Arabia Cuts May Crude Prices to Asia by $4.2 Per Barrel
Saudi Arabia's state oil giant Aramco has set the May price for its Arab light crude oil to Asia at a discount of $7.3 to the Oman/Dubai average.
LNG
New Arctic Projects will Proceed as Planned, Despite a Sharp Drop in LNG Exports
Amid a world economic crisis, the Russian gas company Novatek is shipping less liquefied natural gas than it was just a few months ago.
Oil&Gas Drilling
Non OPEC+ Crude Oil Supply Cuts
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Sunday to reduce output by 9.7 million barrels per day (bpd).
Oil Shale
U.S. Shale Production To Drop By Record Amount In April
The EIA expects U.S. shale oil production to drop next month to 8.526 million barrels per day in the seven most prolific shale basins in the United States, acco…
Crude Oil
Opec+ Plans to Cut Output by 20mn bpd: Trump
Top global oil producers are considering slashing output by 20mn barrels a day under the terms of a deal to boost prices, US President Donald Trump said on Mond…
Oil&Gas Drilling
OPEC, Non-OPEC Reach Oil Cuts Deal Amid COVID-19
An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday.
Oil Price
Mexico's Secret Weapon in the Oil Price War
As Mexico and Saudi Arabia fight over a deal to bring the oil-price war to an end, Mexico has a powerful defense: a massive Wall Street hedge shielding it from …
Oil Price
Non-Opec Members Will Also Need to Cut Output to Balance Oil Price
Not just production cut upfront, they have also decided to cut production all the way to April 2022.
Crude Oil
Mexico to Cut Oil Output by 100,000 Bpd from May: Officials
Mexico will reduce its oil output by 100,000 barrels per day (bpd) from May after top oil producers collectively agreed to cut production by 9.7 million barrels…
Oil&Gas Drilling
LUKOIL Moves to Next Stage of North Caspian Field Development
Russian oil major LUKOIL said on April 10 the company has moved on to the next stage of facilities construction for the Valery Grayfer field being the launch …
Oil Price
G-20, OPEC Working to Rebalance Oil Market
Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the coronavirus pandemic.
Oil Price
India Pitches for Stable Oil Market, Says it Will Remain Growth Engine of World
Amid high volatility in international markets, India, world's third largest oil consumer, on Friday pitched for a stable oil market that provides reasonable p…
Oil & Gas Trade
Here Is The "Secret Weapon" That Allowed Tiny Oil Producer Mexico To Defy Giant Saudi Arabia
Mexico's annual spending on its hedge with Wall Street banks is shown in the chart below.
Oil Shale
Coronacrisis Is Killing Argentina’s Shale Oil Boom
Argentina’s Vaca Muerta shale is on life support just weeks after the meltdown in global crude oil prices.
Oil & Gas Trade
Trump Confirms U.S. Will Help Mexico Out With Production Cuts
U.S. President Donald Trump on Friday confirmed that the United States would “help Mexico along” in achieving the production requests that OPEC+ has asked it …

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Oil

Saudi Arabia Cuts May Crude Prices to Asia by $4.2 Per Barrel

New Arctic Projects will Proceed as Planned, Despite a Sharp Drop in LNG Exports

Non OPEC+ Crude Oil Supply Cuts

U.S. Shale Production To Drop By Record Amount In April

Opec+ Plans to Cut Output by 20mn bpd: Trump

OPEC, Non-OPEC Reach Oil Cuts Deal Amid COVID-19

Mexico's Secret Weapon in the Oil Price War

Non-Opec Members Will Also Need to Cut Output to Balance Oil Price

Mexico to Cut Oil Output by 100,000 Bpd from May: Officials

LUKOIL Moves to Next Stage of North Caspian Field Development

G-20, OPEC Working to Rebalance Oil Market

India Pitches for Stable Oil Market, Says it Will Remain Growth Engine of World

Here Is The "Secret Weapon" That Allowed Tiny Oil Producer Mexico To Defy Giant Saudi Arabia

Coronacrisis Is Killing Argentina’s Shale Oil Boom

Trump Confirms U.S. Will Help Mexico Out With Production Cuts