Thursday, July 16, 2026
Continental Resources suspends dividend amid coronavirus woes- oil and gas 360

Continental Resources suspends dividend amid coronavirus woes

Reuters Continental Resources Inc said on Tuesday it would suspend its quarterly dividend and cut its production for April and May 2020 by about 30%, as it grapples with a plunge in oil prices and demand amid the novel coronavirus pandemic. This follows the oil and gas producer’s decision to slash its budget by about 55% to $1.2 billion last

Mexico again extends timeframe for oil permits due to coronavirus- oil and gas 360

Ideology may trump the market in Mexican president’s energy revamp

Reuters MEXICO CITY – Mexico’s leftist president may offer some concessions to pro-market voices in his cabinet when he unveils a $13.5 billion energy plan this week, but likely not enough to attract major investment or to revive the fortunes of state-run Pemex. President Andres Manuel Lopez Obrador is under pressure to relieve Mexico’s $1.2 trillion economy from the strain

Oil jumps ahead of OPEC-led talks on output cuts- oil and gas 360

Graphic: Oil majors cut 2020 spending by 22% after prices slump

Reuters LONDON- The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia. Cuts announced by nine major oil companies, including Saudi Aramco, Exxon Mobil and Royal Dutch Shell, come to