MOSCOW/DUBAI/LONDON – Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) to make up for their recent oversupply, an internal OPEC+ report seen by Reuters …
Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged, while U.S. crude inventories dropped less than expected.
Brent crude was down 47 cents, or 1%, at $44.90 …
Between December 2019 and May 2020, crude oil output in North Dakota fell from an average of 1.5 million barrels per day (b/d) to 0.9 million b/d, a decline of more than 615,000 b/d (41.6%). This production decline is …
Oil & Gas
Global oil demand is expected to recover by Q4 2020, the Saudi energy minister said before a meeting of OPEC oil producers …
The administration of U.S. President Donald Trump is weighing additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the Latin American country, Bloomberg reported late on Tuesday.
The step could target crude swaps with companies …
It’s no secret how hard integrated oil names have been hit this year due to the global economic consequences of the coronavirus pandemic, and Occidental Petroleum has been among the worst hit of all the companies in the …
TOKYO/LONDON – Oil prices eased on Wednesday on concerns U.S. fuel demand will face a slow recovery amid stalled talks on an economic stimulus package and despite support from a bigger-than-expected drawdown in U.S. crude stocks.
Brent crude futures …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.5 million barrels from the previous week. At 512.5 million barrels, U.S. crude oil …
DUBAI/LONDON/MOSCOW – OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic.
OPEC+ is unlikely to change its output …
Unprecedented times call for unprecedented solutions, this year’s conference will be the firs digital conference in our 25 years …
Unprecedented times call for unprecedented solutions, this year’s conference will be the firs digital conference in our 25 years …
Oil and Gas 360
Calgary, Alberta and Houston, Texas–(Newsfile Corp. – August 17, 2020) – PetroTal …
After the oil industry’s worst quarter in history, companies are taking a variety of approaches towards their finances, and getting a variety of advice and criticism from the pundits and media. Saudi Aramco’s decision to maintain its dividend has …
Total has halted operations at its Dan Bravo oil production platform in the Danish North Sea, the French company said on Tuesday, after Greenpeace activists climbed aboard to protest future oil and gas exploration.
Four Greenpeace activists swam 500 …
FORT WORTH, Texas, Aug. 18, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today the commencement of cash tender offers (the “Tender Offers”) to purchase up to $400 million aggregate …
360 Feed Wire
Price declines, pipeline cancellations and bankruptcies draw attention to those contracted to transport hydrocarbons
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Oil&Gas
The price of Brent crude climbed to $45 per barrel as anticipation grows for the meeting of the Organisation of Petroleum Exporting Counries …
Unprecedented times call for unprecedented solutions, this year’s conference will be the firs digital conference in our 25 years …
WASHINGTON – U.S. President Donald Trump on Monday said his administration was considering whether to allow oil drilling in Alaska’s Arctic National Wildlife Refuge, a 19 million acre (7.7 million hectares) refuge that has been off-limits to drilling for …
Oklahoma shale driller Chaparral Energy Inc filed for Chapter 11 bankruptcy protection on Sunday, the latest U.S. energy sector casualty in recent months as COVID-19 crushes oil demand.
The company’s assets and liabilities were in the range of $500 …
Hellenicshipping
ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company’s growth in oil and natural gas production in Argentina.
The government of Neuquen, a southwestern province …
Hellenicshipping
The embattled, but resilient Permian Basin quickly evolved from a glut of oil to a glut of excess pipeline capacity as the coronavirus pandemic crippled global demand, and new long-haul crude pipelines will further exacerbate the divide as they …
Energy Mix Report
The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes, forcing sellers of Nigerian and Mediterranean crudes to discount September-loading cargoes.
S&P Global Platts quoted traders on …
Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil prices forces it to slash investment spending.
Reliance’s shares fell in …
Oil and Gas Publishers Note: The low cost of kWh to all of the African people regardless of income or country. Some countries and major energy companies are poised to take advantage of the African people. Gaining control …
The world’s five largest oil production companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the COVID-19 pandemic caused a drastic fall in fuel prices and demand.…
Unprecedented times call for …
