Wednesday, August 20, 2025
OPEC and non-OPEC allies to review oil production cuts after dire demand warnings- oil and gas 360

OPEC and non-OPEC allies to review oil production cuts after dire demand warnings

CNBC LONDON — A group of some of the world’s most powerful oil-producing nations on Thursday will meet to review production policy, amid a faltering recovery from the pandemic-driven rout and a bleak outlook for energy demand. OPEC and non-OPEC allies, sometimes referred to as OPEC+, will convene for an online meeting to review the market and discuss compliance with

Oil falls as crews return to U.S. Gulf rigs, economic recovery stalls- oil and gas 360

Oil falls as crews return to U.S. Gulf rigs, economic recovery stalls

Reuters LONDON – Oil prices fell on Thursday as U.S. producers in the Gulf of Mexico prepared to resume output following Hurricane Sally, and amid concerns about the slow economic recovery from the COVID-19 pandemic as U.S. jobless claims remained high. Brent crude LCOc1 was down 24 cents, or 0.6%, to $41.98 a barrel at 1344 GMT, and U.S. West Texas Intermediate

Whiting Petroleum Corporation reaches agreement in principle with certain of its noteholders to pursue consensual financial restructuring- oil and gas 360

Whiting Petroleum provides 2H 2020 guidance under new regime

OAG360 Publishers Note: Majority of these cuts coming from the executive team change over as new board and CEO look to revamp Whiting Petroleum. Smarter Analyst – Amit Singh Whiting Petroleum plans to cut its workforce by 16%, to save $20 million in annualized costs. The oil and gas company also provided production guidance for the second half of 2020,

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

Weekly Gas Storage: Inventories increase by 89 Bcf

Natural Gas Inventories as of September 11, 2020 The EIA has released its natural gas inventory report, showing a net increase of 89 Bcf as of September 11, 2020. Working gas in storage was 3,614 Bcf as of Friday, September 11, 2020, according to EIA estimates. This represents a net increase of 89 Bcf from the previous week. Stocks were