Crude price

Crude Oil
Surprise Boost for Nigeria's Economy Comes with Higher Oil Flows
Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.
Solar Power Plant
‘World’s Largest Concentrated Solar Plant’ Progresses Despite Covid-19
Global oil refining production could start rebounding in June, the International Energy Agency said on Thursday, but refiners’ margins may be squeezed due to r…
Oil Shale
U.S. Shale Needs To Slow Down To Survive
Global oil refining production could start rebounding in June, the IEA said on Thursday, but refiners’ margins may be squeezed due to rising crude prices as pr…
Oil & Gas Trade
Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%
Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and …
Oil Shale
Exxon, Chevron Slam Brakes on Shale as Oil Demand Tumbles
Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global …
Oil Price
Equinor Cuts First-Quarter Dividend by 67% Amid Oil Price Crash
Norwegian oil firm Equinor (EQNR.OL) will cut its quarterly dividend payment by two-thirds as part of an effort to preserve cash amid the collapse in crude pric…
Oil&Gas Drilling
Aker BP Postpones Oil Developments Amid Market Turmoil
The company has suspended all oil and gas development projects that have not yet received board approval because of the coronavirus-related plunge in crude pric…
Crude Oil
Trump Calls for U.S. Oil Industry Bailout as Prices Plunge
U.S. President Donald Trump said on Tuesday he has asked his cabinet to devise a plan to inject cash into the ailing U.S. oil-drilling industry to help it survi…
Oil & Gas Trade
U.S. Natgas Trading at Parity with Oil after Crude Price Collapse
The rapid collapse of U.S. oil futures this year caused crude’s premium over natural gas to drop to near parity on.
Oil Price
Saudi Arabia Cuts May Crude Prices to Asia by $4.2 Per Barrel
Saudi Arabia's state oil giant Aramco has set the May price for its Arab light crude oil to Asia at a discount of $7.3 to the Oman/Dubai average.
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
US to Top Up Strategic Oil Reserve With 77 Mln Barrels
The Trump administration cancelled plans to sell off a portion of the country's emergency oil reserves earlier this month as OPEC+'s failure to reach an agreeme…
Oil Price
US Seeks $3 Billion to Boost Oil Producers as Prices Plunge
The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping u…
Asian Markets Fall as Coronavirus Hits Earnings, Growth
China is the world's biggest importer and consumer of oil, and crude prices have been particularly sensitive to the epidemic that has spread to nearly 30 countr…
Oil Price
Oil Steady After OPEC+ Members Agree Deeper Output Curbs
Crude prices held firm in Asia on Monday after OPEC and its allies agreed to enlarge production cuts and Saudi Arabia said it would go even further with its own…

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Crude price

Surprise Boost for Nigeria's Economy Comes with Higher Oil Flows

‘World’s Largest Concentrated Solar Plant’ Progresses Despite Covid-19

U.S. Shale Needs To Slow Down To Survive

Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%

Exxon, Chevron Slam Brakes on Shale as Oil Demand Tumbles

Equinor Cuts First-Quarter Dividend by 67% Amid Oil Price Crash

Aker BP Postpones Oil Developments Amid Market Turmoil

Trump Calls for U.S. Oil Industry Bailout as Prices Plunge

U.S. Natgas Trading at Parity with Oil after Crude Price Collapse

Saudi Arabia Cuts May Crude Prices to Asia by $4.2 Per Barrel

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

US to Top Up Strategic Oil Reserve With 77 Mln Barrels

US Seeks $3 Billion to Boost Oil Producers as Prices Plunge

Asian Markets Fall as Coronavirus Hits Earnings, Growth

Oil Steady After OPEC+ Members Agree Deeper Output Curbs