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Oil
Oil Price
US Oil Futures Dip over 7 Pct Amid Oversupply Concerns
Oil prices dropped noticeably Sunday night with the US benchmark down more than 7 percent amid persistent oversupply concerns.
Oil & Gas Trade
Gas Sales Keep Wentworth on Plan for Dividend
Gas demand for Tanzania's wentworth resources will remain flat this year.
Oil&Gas Drilling
Diamond Offshore Files for Chapter 11 Bankruptcy Amid Historic Oil Price Crash
Diamond Offshore Drilling Inc., a rig contractor owned by Loews Corp., filed for bankruptcy.
Oil & Gas Trade
Refined Oil Product Freight Rates Nearly Double in a Week
Refined oil tanker rates surged this week to their highest level in 11 years.
Oil & Gas Trade
Russia Halves Western Sea Oil Exports in May after OPEC+ Deal
Russia plans to halve oil exports from its Baltic and black sea ports in May.
Market Analysis
When Oil Became Waste: A Week of Turmoil for Crude, and More Pain to Come
In its nearly 40-year history, U.S. oil futures have never fallen below $10 a barrel.
Market Analysis
EU needs clear European Green and Solidarity Pact by September
Stark predictions around the unprecedented economic challenges facing Europe (and the world) are starting to take shape.
Oil Shale
The Shale Suffering Has Only Just Begun
A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to cont…
Oil & Gas Trade
Japan Urges G20 Energy Summit to Address Importance of Stable Oil Prices
Japan hopes a Group of 20 energy ministers summit later on Friday will address the importance of stable oil prices and supply after OPEC and its allies agreed t…
Oil & Gas Trade
Covid-19: Saving Nigeria from the Peril of Oil Economy
It is no gainsaying the fact that the global pandemic Coronavirus has made the world economy to shrink. With a sudden shutdown of most countries to contain the …
Crude Oil
Venezuela's Oil Output Could Fall Again Soon
On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela.
Oil Price
5 Reasons Why Mexico's Oil Industry Is Destined For Disaster
Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020.
LNG
Iran Reaches Production Milestone At World's Largest Gas Field
Iran is now working quietly towards oil exports and petrochemicals.
Crude Oil
How the U.S. Could Use Taxpayer Dollars to Save Oil and Energy Companies
The U.S. federal government is looking at "a whole bunch of alternatives" to support oil and other energy companies.
Crude Oil
Russia Cuts European Sea Ports Oil Exports To 20-Year-Low
Exports of Russia’s key export blend Urals are expected to slump to the lowest level since at least the early 2000s, according to data from Refinitiv Eikon.
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