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Oil prices
Norway Takes $41 Billion From Oil Fund To Bolster Economy
Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter…
Oil Price
Oil Jumps After Saudi Arabia, UAE And Kuwait Pledge Deeper Cuts
Oil prices rose early on Tuesday after OPEC's Middle East heavyweights pledged additional cuts, instilling hopes in the market that further production reduction…
Crude Oil
Oil Drops in Early Asian Trading Amid Worries about Second Wave Pandemic
Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave …
Oil Price
Aramco Earnings Plunge By 25% As Low Oil Prices Persist
Despite the profit slump of US$6 billion in Q1, Aramco’s free cash flow was more resilient and fell to US$15 billion from US$17.4 billion in Q1 2019.
Oil Price
Oil Glut Drives Oil Prices Lower
Oil prices opened about 1% lower on Monday in Asia as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even …
Crude Oil
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 40 to Rs 1,874 per barrel as participants widened their positions on firm spot demand.
Oil Price
Saudi Arabia Raises Oil Prices As Demand Recovers
Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand recove…
Oil Price
Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse
Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ…
Crude Oil
Russia Predicts U.S. Oil Output Will Drop By 2-3 Million Bpd
U.S. oil production could decline this year by 2 million bpd-3 million bpd, due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister…
Crude Oil
Numaligarh Refinery to Import 21TMT of Crude Oil from Petronas Malaysia
NRL will take advantage of the collapse in oil prices to import 21 tonnes of crude from petronas.
Oil Price
Oil Prices Fall as Rising U.S. Inventories Reassert Supply Concerns
Oil prices fell Wednesday, ending a multi-day rally.
Oil Price
Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer
Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, t…
Oil Price
Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout
U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid…
Oil Price
Australia's Woodside Sees Low Oil Prices into 2021
Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year.
Oil & Gas Trade
U.S. Oil Futures Plunge Nearly 25 Pct Amid Fears of Filled Storage
Oil prices fell significantly on Monday with the U.S. benchmark down nearly 25 percent amid fears over a growing scarcity of oil storage space.
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