Friday, June 27, 2025
Canadian Natural swings to loss, slows output as oil prices slump- oil and gas 360

Canadian Natural swings to loss, slows output as oil prices slump

Reuters Canadian Natural Resources Ltd (CNQ.TO) posted a quarterly loss on Thursday compared with a year-ago profit, hurt by the sharp decline in oil prices caused by the novel coronavirus outbreak and a price war between Saudi Arabia and Russia. Canada’s largest oil and gas producer also withdrew its 2020 production outlook and said it would curtail production by roughly

Weekly Gas Storage: Inventories increase by 76 Bcf- oil and gas 360

Daily electricity demand impacts from COVID-19 mitigation efforts differ by region

EIA Recent business shutdowns and changes to normal routines related to mitigation efforts for the 2019 novel coronavirus disease (COVID-19) have caused daily weekday electricity demand in the central region of the United States to decrease by 9%–13% in March and April compared with expected demand, after accounting for seasonal temperature changes. This decrease is similar to declines seen in New

oil prices rise, on pace for more than 30% gain this week- oil and gas 360

Oil prices rise, on pace for more than 30% gain this week

CNBC Oil jumped more on Thursday and was on track for its second best week in history as a number of bullish factors supported prices, including U.S. companies cutting production, Saudi Arabia raising its official oil selling price and gasoline demand improving as economies around the world reopen. West Texas Intermediate, the U.S. benchmark, jumped 8%, or $1.91, to trade

Hess deepens spending cuts, posts quarterly loss on virus-fueled oil rout- oil and gas 360

Hess deepens spending cuts, posts quarterly loss on virus-fueled oil rout

Reuters U.S. oil and gas producer Hess Corp on Thursday introduced deeper spending cuts after reporting a quarterly loss due to impairment charges of $2.25 billion on some oil-producing assets amid the coronavirus crisis. Stay-at-home orders designed to contain the coronavirus pandemic have forced businesses to shut down, cutting worldwide demand for oil and creating a supply glut. U.S. crude

Weekly Gas Storage: Inventories increase by 76 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 109 Bcf

Natural Gas Inventories as of May 1, 2020 The EIA has released its natural gas inventory report, showing a net increase of 109 Bcf as of May 1, 2020. Working gas in storage was 2,319 Bcf as of Friday, May 1, 2020, according to EIA estimates. This represents a net increase of 109 Bcf from the previous week. Stocks were