Rice

Oil Shale
U.S. Shale Could Crush the Oil Market Recovery
As the two petro-nations duked it out, the global oil glut ballooned to a massive oversupply and oil storage deficiency that persists today.
Oil Shale
Blackstone Shale Oil Venture Gavilan Resources Files for Bankruptcy
Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy late on Friday.
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…
Crude Oil
Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis
Oil prices jumped more than 3% on Friday, touching more than one-month highs amid signs that demand for crude was picking up with China reporting increased refi…
Crude Oil
Russia’s OPEC+ Challenge: Cut Output Without Maiming Industry
Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fiel…
Oil & Gas Trade
OPEC Says Nigeria's Oil Output Dropped Last Month
The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day, m/bd, in April 20…
Oil & Gas Trade
OPEC Expects Global Oil Demand Hits Biggest Downfall
The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day, or 9.1 per cent, in 2020, it said i…
LNG
Asian LNG Prices Spike 20% As Demand Returns
This week, the uptick in demand and the lower supply have sent LNG prices jumping.
Oil & Gas Trade
India Oil & Gas Industry Might Need More Time to Recover
Most O&G CXOs believe that the recovery for the sector is likely to be longer, and more protracted than anticipated.
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 & 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 …

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Rice

U.S. Shale Could Crush the Oil Market Recovery

Blackstone Shale Oil Venture Gavilan Resources Files for Bankruptcy

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

U.S. Shale Needs To Slow Down To Survive

Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis

Russia’s OPEC+ Challenge: Cut Output Without Maiming Industry

OPEC Says Nigeria's Oil Output Dropped Last Month

OPEC Expects Global Oil Demand Hits Biggest Downfall

Asian LNG Prices Spike 20% As Demand Returns

India Oil & Gas Industry Might Need More Time to Recover

Norway Takes $41 Billion From Oil Fund To Bolster Economy

Oil Jumps After Saudi Arabia, UAE And Kuwait Pledge Deeper Cuts

Oil Drops in Early Asian Trading Amid Worries about Second Wave Pandemic

Aramco Earnings Plunge By 25% As Low Oil Prices Persist

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