Crude

Crude Oil
Russia: U.S. Shale Decline Can’t Count As ‘Output Cut’
Production declines across the U.S. shale patch as companies reduce drilling and spending cannot be viewed as a voluntary U.S. cut aimed at supporting oil price…
Crude Oil
L&T Wins 'Large' Contract from Indian Oil for Capacity Expansion at Barauni Refinery
It has won a "big" contract from the Indian Oil Corporation to expand capacity at the IOC's Barauni refinery in bihar.
Crude Oil
Trump: Free Markets Will Determine U.S. Oil Production
U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week.
Crude Oil
The World’s Biggest Oil Deal Can’t Save Crude Prices
G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull in other oil-pr…
Crude Oil
OPEC’s Plan To Take Over The Global Oil Industry
The first three months of 2020 have shocked the global energy market to its foundations.
Crude Oil
OPEC+ Debates Biggest-Ever Oil cut, Awaits U.S. Efforts
Russian Energy Minister Alexander Novak told Russian state media that he understands the United States has legal restrictions on output cuts, but it should sti…
Oil Price
Oil Price Barrels Ahead As OPEC Flags Meeting
The price of crude oil surged again Friday after OPEC said it would talk to non-members.
Crude Oil
Fuel Consumption Sees Drastic Drop
Despite petrol bunks having remained open during the lockdown period, the consumption of diesel and petrol has come down drastically.
Crude Oil
BP Reduces Investment Plan by 25% in 2020 to US$12bn
BP has cut its 2020 spending plan by a quarter, from US$15bn to US$12bn, including a US$1bn reduction investment in short-cycle onshore activity.
Oil Shale
U.S. Shale Company Whiting Becomes First Major Bankruptcy of Oil-Price Crash
Whiting Petroleum Corp filed for Chapter 11 bankruptcy, the U.S. shale producer said on Wednesday, the first publicly traded casualty of crashing crude oil pric…
Oil Price
Iraq's Oil Income Falls by 40 Per Cent in March
Iraqs crude oil income fell by 40 per cent last month.
Crude Oil
Trump Says world’s Biggest Oil Producers to Meet on Market Crash
President Donald Trump said the US would meet with Saudi Arabia and Russia with the goal of stanching an historic plunge in oil prices.
Crude Oil
How Russia Is Shedding Its Venezuelan Assets
Russia has set up a wholly state-owned oil company named Roszarubezhneft after Rosneft announced it would exit Venezuela and ditch its Venezuelan assets to a ne…
Oil Shale
The U.S. Can’t Afford To Let Shale Fail
They have seen their market shares erode as the shale boom made the U.S. the world’s largest producer of crude oil.
Crude Oil
Russia's Largest Oil Producer Halts Operations In Venezuela
Russia’s largest oil producer, Rosneft, has announced that it is halting operations in Venezuela and selling its assets there to a company fully owned by the R…

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Crude

Russia: U.S. Shale Decline Can’t Count As ‘Output Cut’

L&T Wins 'Large' Contract from Indian Oil for Capacity Expansion at Barauni Refinery

Trump: Free Markets Will Determine U.S. Oil Production

The World’s Biggest Oil Deal Can’t Save Crude Prices

OPEC’s Plan To Take Over The Global Oil Industry

OPEC+ Debates Biggest-Ever Oil cut, Awaits U.S. Efforts

Oil Price Barrels Ahead As OPEC Flags Meeting

Fuel Consumption Sees Drastic Drop

BP Reduces Investment Plan by 25% in 2020 to US$12bn

U.S. Shale Company Whiting Becomes First Major Bankruptcy of Oil-Price Crash

Iraq's Oil Income Falls by 40 Per Cent in March

Trump Says world’s Biggest Oil Producers to Meet on Market Crash

How Russia Is Shedding Its Venezuelan Assets

The U.S. Can’t Afford To Let Shale Fail

Russia's Largest Oil Producer Halts Operations In Venezuela