Tesla is expected to report…
The fluctuating prices in response…
Western trade restrictions on China's…
One of Canada’s largest oil firms, Suncor Energy, has just announced the issue of new bonds, for which it had to pay triple the borrowing costs that it did for a…
Two senators from U.S. oil states will hold talks with Saudi officials this Saturday to discuss the oil price situation, Reuters reports, citing unnamed sources. The same senators have also…
The American Petroleum Institute (API) estimated on Tuesday a huge crude oil inventory build of 11.938 million barrels for the week ending April 4 as demand destruction stemming from the…
Despite the oil price crash, Indonesia’s state-owned oil and gas firm Pertamina continues to pursue its target to raise oil and gas production by 1.8 percent in 2020, according to…
U.S. exports of liquefied natural gas (LNG) have resumed flowing to China for the first time since March 2019, after the Chinese authorities have granted tax waivers to several Chinese…
Petrobras has set its April oil production at 2.07 million barrels per day (bpd), after having reduced production by 200,000 bpd in the past two weeks in response to the…
ExxonMobil is axing capital expenditure for this year by $10 billion, quantifying on Tuesday the capex cuts it announced last month in response to the oil demand and oil price collapse.…
The coronavirus pandemic and the oil price collapse are rapidly deteriorating the sovereign rating outlook--with more multi-notch downgrades on the way, Fitch Ratings said in a statement. “We…
An oil export terminal blockade that led to the shut down of fields and refineries has so far cost Libya close to $4 billion, the National Oil Corporation said in a…
Halliburton has laid off 350 workers in Oklahoma as the squeeze of oil prices on the industry forces companies to shrink their operations. The Houston Chronicle reported the layoffs citing a…
Brazil’s energy minister said on Monday that it would attend the G20 meeting of oil ministers that Saudi Arabia is trying to rally together to cut oil production, Reuters reported…
Russia is ready to hold constructive talks aimed at stabilizing the oil market, and those talks don’t have alternative, Vladimir Putin’s press secretary Dmitry Peskov said on Sunday. …
Egypt’s total of 1173 recorded Covid-19 cases and 78 deaths, as of April 5, places Africa's third-most populous country significantly below the global per capita averages for both counts as the pandemic continues…
Norway could discuss reducing its oil production if the world’s major producers reach a deal on significantly cutting global oil production, Tina Bru, Minister for Petroleum and Energy of Western…
Several rockets were fired and landed on Monday near a residential district in southern Iraq, where many foreign oil firms have their headquarters and where oil workers live, without causing…
Oil prices took another nosedive today after during the weekend Russia and Saudi Arabia postponed a meeting scheduled for Monday as they went at each other’s throats trading blame for…
Even if the OPEC+ group and other major oil producers in the world were to agree to deep production cuts, they would be unable to prevent what is…
With oil prices below Russia’s budget breakeven and with over 20 percent of global oil demand wiped out by the coronavirus pandemic, Russian oil firms could be ready to participate…
The historic oil price crash from last month could lead to as many as 50 million job losses globally in the oil refining and retail industry, Reuters quoted the head of…
The slowdown in China’s electric vehicle sector could have knock-on effects on the battery metals market in both the short and long run, commodities analysts at Argus Media…