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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 …

Nuclear Power Plant

E.ON Sold Ahead German Nuclear Power at Above Market Prices

Sixty-five per cent of nuclear capacity in 2021 and 34 per cent in 2022 will be sold at well above current wholesale market prices, boosting the sector's earnin…

Oil Price

Oil Price War Puts Entire Kingdom Of Saudi Arabia At Risk

At no time since Ibn Saud first consolidated his Arabian conquests into the Kingdom of Saudi Arabia in 1932 has the ruling Saud dynasty faced such an existentia…

Oil Price

Murphy Oil to Close Arknsas, Alberta Offices

Murphy Oil has announced that it is closing its legacy headquarters in Arkansas and shuttering an office in western Canada.

Oil&Gas Drilling

SOCAR Starts Drilling New Well at Umid Gas Field

The State Oil Company of Azerbaijan has started drilling a new well at the Umid-1 platform of the Umid field, the company told local media on May 5.

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

Goldman Sachs: Oil Demand Could Exceed Supply By End-May

Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting tha…

LNG

GLOBAL LNG: Asian Spot Prices Recover a Little on Improving Demand

Spot prices for liquefied natural gas in Asia rose slightly this week.

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 & Gas Trade

North American Oil Producers Cut Output Quicker Than Some Expected

OPEC and allies led by Russia struck a deal in April to contain a worsening supply glut as the coronavirus pandemic cratered global fuel demand by about 30%, se…

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…