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Oil & Gas
Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse
Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ
Oil & Gas
In a Gloomy Oil Market, India's Pump Prices Echo $100-Plus Crude
Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago.
Oil & Gas
Oil Prices Fall as Rising U.S. Inventories Reassert Supply Concerns
Oil prices fell Wednesday, ending a multi-day rally.
Oil & Gas
Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer
Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, t
Oil & Gas
Canada’s Oil Patch Struggles To Survive The Worst Recession Ever
Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller picture o
Oil & Gas
Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout
U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid
Oil & Gas
OPEC+ Oil Production Hits 13-Month High As Output Cuts Start
After the collapse of the previous OPEC+ deal in early March, OPEC opened the taps in April, pumping at its highest level in 13 months.
Oil & Gas
OPEC Daily Basket Price Stands at $14.36 a Barrel Wednesday
The price of OPEC basket of thirteen crudes stood at $14.36 a barrel on Wednesday, 29th April, 2020, compared with $12.41 the previous day, according to OPEC Se
Oil & Gas
Australia's Woodside Sees Low Oil Prices into 2021
Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year.
Oil & Gas
Canada’s Oil Firms Set To Curtail Output By At Least 1 Million Bpd
Companies in Canada have already reacted to the oil price plunge, but analysts and investors will be looking for further clues in the earnings reports about how
Energy Economy
Oil Fund's Forced Sales Send WTI Prices Plunging Again, Says Kemp
Front-month U.S. light crude oil futures prices slumped almost 25% yesterday,
Oil & Gas
OPEC Sees Oil Rising To $40 In Second Half Of 2020
In China, which was hit first by the coronavirus, and which exited the lockdown first, the return to normalization in the transportation sector “is driving up
Oil & Gas
Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War
President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant
Oil & Gas
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
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.
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