Oil

Crude Oil
Oil Majors May Be Forced To Cut Crude Output In Nigeria
The new OPEC+ production cut deal to remove a total of 9.7 million bpd from the market in May and June enters into force on May 1.
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.
Oil Price
Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War
President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant …
Crude Oil
Petrobras Reverses Production Cuts as Fuel Demand Beats Expectations
Petrobras has cancelled most of the cuts it had announced.
Oil & Gas Trade
Iran's Petrochem Revenues to Drop by 30 Pct over COVID-19
Iran's revenues from exports of petrochemical products will decrease by nearly one third as the novel coronavirus pandemic has posed an adverse effect on the in…
Oil & Gas Trade
China's Comprehensive LNG Import Price Down
China's comprehensive import price index for liquefied natural gas (LNG) fell last week, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX).
Oil&Gas Drilling
Satellites Reveal Depth of Permian Basin’s Methane Emissions Problem
A study shows leaked methane emissions across the Permian Basin in the 11 months to March 2019 were enough to supply two million homes with natural gas.
Oil & Gas Trade
Russia’s Energy Ministry Expects Gradual Revival in Oil Demand in Second Half of Year
Minister Alexander Novak said before it happens oil producing countries should avoid filling of oil storage facilities to the full and prevent a market collapse…
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 Price
US Oil Futures Dip over 7 Pct Amid Oversupply Concerns
Oil prices dropped noticeably Sunday night with the US benchmark down more than 7 percent amid persistent oversupply concerns.
Oil & Gas Trade
Gas Sales Keep Wentworth on Plan for Dividend
Gas demand for Tanzania's wentworth resources will remain flat this year.
Oil&Gas Drilling
Diamond Offshore Files for Chapter 11 Bankruptcy Amid Historic Oil Price Crash
Diamond Offshore Drilling Inc., a rig contractor owned by Loews Corp., filed for bankruptcy.
Oil & Gas Trade
Refined Oil Product Freight Rates Nearly Double in a Week
Refined oil tanker rates surged this week to their highest level in 11 years.
Oil & Gas Trade
Russia Halves Western Sea Oil Exports in May after OPEC+ Deal
Russia plans to halve oil exports from its Baltic and black sea ports in May.
Market Analysis
When Oil Became Waste: A Week of Turmoil for Crude, and More Pain to Come
In its nearly 40-year history, U.S. oil futures have never fallen below $10 a barrel.

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Oil

Oil Majors May Be Forced To Cut Crude Output In Nigeria

Saudi Arabia Starts Production Cuts Ahead Of OPEC+ Deal

Trump Could Use ‘Nuclear Option’ To Make Saudi Arabia Pay For Oil War

Petrobras Reverses Production Cuts as Fuel Demand Beats Expectations

Iran's Petrochem Revenues to Drop by 30 Pct over COVID-19

China's Comprehensive LNG Import Price Down

Satellites Reveal Depth of Permian Basin’s Methane Emissions Problem

Russia’s Energy Ministry Expects Gradual Revival in Oil Demand in Second Half of Year

Algeria Says Proven Oil Rserves at 10 Billion Barrels

US Oil Futures Dip over 7 Pct Amid Oversupply Concerns

Gas Sales Keep Wentworth on Plan for Dividend

Diamond Offshore Files for Chapter 11 Bankruptcy Amid Historic Oil Price Crash

Refined Oil Product Freight Rates Nearly Double in a Week

Russia Halves Western Sea Oil Exports in May after OPEC+ Deal

When Oil Became Waste: A Week of Turmoil for Crude, and More Pain to Come