Sunday, September 6, 2026
Coronavirus creates repair headache for oil and gas industry- oil and gas 360

Coronavirus creates repair headache for oil and gas industry

Reuters MOSCOW/LAGOS/LONDON – The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say. Lockdowns to stop the spread of COVID-19, the flu-like infection caused by the virus, have snarled the supply of spare parts and

Oil steady on signs of output cuts but demand concerns weigh- oil and gas 360

Oil steady on signs of output cuts but demand concerns weigh

Reuters LONDON – Oil prices were steady on Tuesday amid signs that producers are cutting output as promised while traders awaited more clarity on the demand picture as some countries ease out of lockdowns. Benchmark Brent crude was up 4 cents or 0.1% at $34.85 a barrel by 1205 GMT. The front-month contract for U.S. West Texas Intermediate crude which