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Oil & Gas
The Oil Industry's Recovery Lacks One Important Ingredient
The global glut of oil and gas is growing, caused in part by a global blockade by coronavirus.
Oil & Gas
Mexico’s Offshore Oil Investment Set To Plunge Despite Government Pledges
Demand for offshore equipment and services is set to drop by an average of 14 percent through 2025, according to the analysts.
Oil & Gas
India Dips in to Weakened Crude Market to Fill up its Strategic Oil Reserves
Ministry of petroleum and natural gas has mandated ISPRL to work closely with public sector oil companies including MRPL to achieve the target of filling up Man
Oil & Gas
Demand for OPEC Oil Falls to 30-Year Low
The sharp contraction in global oil demand amid lockdowns and stalled industrial activity will lead to the lowest demand for OPEC crude in more than thirty year
Oil & Gas
Oil Demand Won’t Bounce Back Anytime Soon
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according to the latest e
Oil & Gas
Oman's Daily Oil Production Up 12.83% in March
Oman's oil ministry said in a statement that the country's daily oil production increased by 12.83% month on month in March this year.
Oil & Gas
Kazakhstan to Cut Oil Production by 390,000 Barrels Per Day
Kazakhstan will reduce oil production by 390,000 barrels per day for a period of two months under the OPEC + agreement.
Oil & Gas
China's March Crude Oil Imports Rose 4.5 Per Cent y/y on Stockpiling
China's crude oil imports in March rose 4.5 per cent from a year earlier, according to official customs data.
Oil & Gas
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
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
Mexican Standoff Imperils Proposed 10M-barrel OPEC+ Oil Cut
OPEC said the deal also calls for a 6 million barrel per day cut for 16 months beginning in 2021.
Oil & Gas
Oil Refiners May Have to Shut a Few Units
State oil companies have told the government they will have to shut down a few refineries if the nationwide lockdown is extended beyond April 14, people familia
Oil & Gas
Mexico Rejects Global Plan To Cut Oil Production
The deadly price war and coronavirus cocktail that threw most of the global industry into a panic seems to have missed one of the large national players: Mexico
Oil & Gas
Global Oil Producers Agree On Joint 10 Million Bpd Output Cut
OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Toda
Oil & Gas
Russia: U.S. Shale Decline Can’t Count As ‘Output Cut’
Production declines across the U.S. shale patch as companies reduce drilling and spending cannot be viewed as a voluntary U.S. cut aimed at supporting oil price
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