Post Tagged with: "demand and production"

Source: Reuters

Eni pledges higher returns as business looks up


MILAN – Italian energy group Eni pledged higher shareholder returns after swinging to a net profit in the second quarter to beat expectations as firmer oil prices offset lower production.

Adjusted net profit was 929 million euros ($1.1 billion), …

Source: CNBC

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


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 …

September 17, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC