Venezuela Grapples With Extreme Gas Shortage Amid COVID-19 Crisis
A group of private oil services companies in Venezuela has called on the government to relax stringent rules against gasoline imports amid critical shortages of the essential fuel, Reuters reports,?
Baker Hughes expects to book a non-cash goodwill impairment charge of US$15 billion in Q1 and plans to slash capital expenditure (capex) by 20 percent this year in response to?
Texas Oil Regulators Could Mandate 20% Output Cuts
With crude prices plummeting to 20 year lows and a local industry in shambles, Texas oil regulators are contemplating the unthinkable: cutting statewide?
China's Oil Imports Suffer From Sharp Drop In Economic Growth
China's oil imports may have declined in March, a Reuters poll?of 31 economists showed on Monday, while experts expect China's economy to have sharply contracted in the first quarter?
Oil producers from G20 have agreed to reduce their combined crude oil output by 3.7 million bpd, according to Iran's Oil Minister, Bijan Zanganeh, as?quoted?by IRNA. G20 met on?
Trump Confirms U.S. Will Help Mexico Out With Production Cuts
U.S. President Donald Trump on Friday confirmed that the United States would ?help Mexico along? in achieving the production requests that OPEC+ has asked it to make.?
Tesla Sets Sales Record In China Despite Coronavirus Crisis
Tesla has just had its best month in China, selling a record high number of electric vehicles in March despite a 41-percent plunge in overall car sales in the world's?
Argentina's Shale Boom On Hold As Oil Prices Collapse
Argentina's state-held energy firm YPF slashed by 50 percent the oil production from its key development area in the vast Vaca Muerta shale play this week due to tumbling fuel?
Saudi Arabia: Affordable Energy Is Crucial For Economic Recovery?
While OPEC+ agreed to a tentative deal to remove 10 million bpd off the oil market in the next two months, Saudi Arabia says that affordable energy supply would be?
Trump Has ?Big Talk? With Putin, Saudi King Salman About Oil
U.S. President Donald Trump said he had a ?big talk? with Russian President Vladimir Putin and Saudi King Salman regarding oil production, expressing hopes that a deal on the control?
