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Oil Price
Russia Sees Oil & Gas Income Fall By Almost $40 Billion
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Ant…
Shale Gas
Few U.S. Shale Firms can Withstand Prolonged Oil Price War
For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and crews hard to drive drilling costs down…
Oil Price
Exxon To Slash Spending As Oil Price Collapse Continues
Exxon has become the latest U.S. oil company to announce plans for spending cuts amid the coronavirus outbreak that caused a price slide significantly aggravate…
Market Analysis
Is The Oil Price Crash Good For Renewable Energy?
With Saudi Arabia and Russia pumping flooding the market with oil as coronavirus threatens demand, oil prices have crashed below the $30 mark. It is a price cra…
Crude
U.S. Could start Buying Crude for Strategic Petroleum Reserve in two Weeks
The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve as soon as two weeks from now, and fill it in several month…
Oil & Gas Trade
China's Major Oilfields Maintain Pace Amid Oil Crash
Crude oil prices dropped below break-even operating expenses for Chinese oil companies, but major oil fields have maintained stable production. Faced with press…
Oil & Gas Trade
Venezuela Looks To Play Mediator Between OPEC And Russia
Venezuela is in discussions with OPEC and Russia about the current oil price collapse, Nicolas Maduro said on Thursday at a press conference shown on Twitter, a…
Oil Price
Saudis to Sell Oil at $25 in Market Share Grab from Russia
Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, a…
Oil & Gas Trade
Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%
The drop in oil prices could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict.
Oil & Gas Trade
The World’s Biggest Oil Trader Negotiates Venezuela Oil Purchase
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude…
Crude
Saudis Sell Oil at $25 in Market Share Grab from Russia
Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia,…
Oil Price
Oil Price War Expands as United Arab Emirates Joins Saudi Ally
The United Arab Emirates has joined ally Saudi Arabia in opening the oil floodgates, broadening the front against Russia in a price war.
Oil & Gas Trade
Saudi Arabia Unveils Plans to Maximize Oil Output, Escalating a Price War with Russia
OPEC kingpin Saudi Arabia unveiled plans Wednesday to dramatically ramp up oil production, raising the stakes of an all-out price war with non-OPEC leader Russi…
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Contact information|4|n771.32|bau|717-605-2892|brendan.heasley@navy.mil| item unique identification and valuation (mar 2016)|19|combo|not applicable |tbd|n00104…
Oil & Gas Trade
Oil Price crash: 3 Things You need to Know Today
On Monday 9th March 2020, the oil price saw its biggest fall in 30 years. Here’s our analysts’ rapid response to the oil price crash. Look out for more detail…

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