Post Tagged with: "Low oil prices"

Source: Reuters

Oil majors, governments haggle over sharing pain of deepest cuts yet

Reuters


LONDON/MOSCOW – From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep production cuts that add to their pain from low oil prices and depressed fuel sales because …

Covid-19 and oil price war could derail two-thirds of the world’s oil & gas project sanctioning in 2020

Covid-19 and oil price war could derail two-thirds of the world’s oil & gas project sanctioning in 2020


The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development

March 25, 2020 - 2:30 pm Closing Bell Story‎, Energy News, International
Russia’s Medvedev Says Low Oil Prices are an Opportunity to Restructure the Economy

Russia’s Medvedev Says Low Oil Prices are an Opportunity to Restructure the Economy

“We are obliged to use these difficult moments and really change the structure of the economy” – PM Medvedev

Russia appears to be searching for a silver-lining while its economy struggles from low oil prices, international sanctions and a devalued …

The Six States Being Hammered Hardest by Lower Oil Prices

The Six States Being Hammered Hardest by Lower Oil Prices

Lower severance taxes are severely squeezing budgets in oil producing states, some to “revenue failure”

Severance taxes on oil and gas extraction make up a significant portion of the budgets of a number of states in the U.S., but the …