Crude oil

Crude Oil
Saudi Arabia Starts Production Cuts Ahead Of OPEC+ Deal
Oil prices plummeted again on Monday, with WTI Crude crashing by 23 percent to just $13 a barrel at 2:30 p.m. EDT.
Crude Oil
Petrobras Reverses Production Cuts as Fuel Demand Beats Expectations
Petrobras has cancelled most of the cuts it had announced.
Crude Oil
Algeria Says Proven Oil Rserves at 10 Billion Barrels
OPEC member Algeria's proven oil reserves are currently 1.34 million tonnes, or 10 billion barrels, Energy Minister Mohamed Arkab said on Sunday.
Oil Shale
The Shale Suffering Has Only Just Begun
A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to cont…
Oil & Gas Trade
Covid-19: Saving Nigeria from the Peril of Oil Economy
It is no gainsaying the fact that the global pandemic Coronavirus has made the world economy to shrink. With a sudden shutdown of most countries to contain the …
Crude Oil
Venezuela's Oil Output Could Fall Again Soon
On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela.
Crude Oil
How the U.S. Could Use Taxpayer Dollars to Save Oil and Energy Companies
The U.S. federal government is looking at "a whole bunch of alternatives" to support oil and other energy companies.
Crude Oil
Russia Cuts European Sea Ports Oil Exports To 20-Year-Low
Exports of Russia’s key export blend Urals are expected to slump to the lowest level since at least the early 2000s, according to data from Refinitiv Eikon.
Crude Oil
Whether Opec+ Formally Agrees or not, Deeper Oil Cuts Now Look Inevitable
Whether or not Opec+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisi…
Crude Oil
U.S. Crude Oil Production Decreases Last Week: EIA
U.S. crude oil production decreased during the week ending April 17, the U.S. Energy Information Administration (EIA) said Wednesday.
Crude Oil
Azerbaijan Imposes Oil Cuts on BP-Led Fields
Azerbaijan's BP-led Azeri-Chirag-Guneshli project will have to cut output sharply from May for the first time ever as the country moves to meet its commitment u…
Crude Oil
In Rare Development, Oil Majors Are Forced To Cut Output Under OPEC Deal
A British Petroleum-led project in Azerbaijan will have to cut production in May for the first time as Azerbaijan will need to take drastic measures to meet its…
Oil & Gas Trade
Canada’s Oil Has Nowhere To Go As The US Runs Out Of Storage
Collapsing demand and brimming storage in the United States, Canada’s almost exclusive oil outlet, have resulted in a very usual situation in the Canadian oil …
Oil & Gas Trade
Indian Refineries Slash Middle East Oil Imports As Storage Fills Up
Two oil refiners will be cutting their crude oil imports from Saudi Arabia by between 66 percent and 80 percent for May, as India – population 1.3 billion peop…
Oil Price
US Oil "Technically Worthless," and Coal Plants Shuttered, as a Tidal Wave of Bankruptcies Looms
May contracts for West Texas Intermediate (WTI) crude oil went as low as -$37.63 on Monday.

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Crude oil

Saudi Arabia Starts Production Cuts Ahead Of OPEC+ Deal

Petrobras Reverses Production Cuts as Fuel Demand Beats Expectations

Algeria Says Proven Oil Rserves at 10 Billion Barrels

The Shale Suffering Has Only Just Begun

Covid-19: Saving Nigeria from the Peril of Oil Economy

Venezuela's Oil Output Could Fall Again Soon

How the U.S. Could Use Taxpayer Dollars to Save Oil and Energy Companies

Russia Cuts European Sea Ports Oil Exports To 20-Year-Low

Whether Opec+ Formally Agrees or not, Deeper Oil Cuts Now Look Inevitable

U.S. Crude Oil Production Decreases Last Week: EIA

Azerbaijan Imposes Oil Cuts on BP-Led Fields

In Rare Development, Oil Majors Are Forced To Cut Output Under OPEC Deal

Canada’s Oil Has Nowhere To Go As The US Runs Out Of Storage

Indian Refineries Slash Middle East Oil Imports As Storage Fills Up

US Oil "Technically Worthless," and Coal Plants Shuttered, as a Tidal Wave of Bankruptcies Looms