Norway Warns Lower-For-Longer Prices Will Impact Its Oil Output
Oil production in Norway is being maintained despite the oil price crash and the coronavirus outbreak, but a prolonged period of low oil prices and already reduced exploration activity will?
Oil Company Asks for U.S. Royalty Relief Amid Price Collapse
An unnamed oil company active in the offshore segment of the industry has asked the Department of the Interior for royalty payment relief because of the oil price collapse, Reuters?
BP's U.S. Refineries Cut Run Rates As Demand Crumbles
Limited storage for refined products has forced BP to cut the refinery rates at its three largest refineries in the United States to 80-85 percent as fuel demand is crumbling?
Shale Giant Calls For Federal Help As Oil Prices Fail To Bounce Back
Occidental Petroleum is opposing a Texas-wide mandated production cut, but it is asking the U.S. Administration for federal financial assistance for the U.S. oil industry which can't make any money?
JPMorgan has recently tried to sell at a discount loans it holds of the sovereign wealth funds of the two major oil producers in the Gulf, Saudi Arabia and the?
Trump Threatens To Cut $6 Million Salary Of Federal Utility Boss
President Donald Trump wants to cut the salary of the president of the Tennessee Valley Authority?currently at $6 million?and will support such a cut as part of a huge infrastructure?
Marathon Oil Slashes Capex Again As Prices And Demand Collapse
Marathon Oil?slashed?on Wednesday its 2020 capital spending budget for a second time in one month and announced frac holidays in the Bakken and Eagle Ford amid extremely weak commodity?
Canada's Biggest Oil Driller Backs Global Production Cut
Canada's largest oil producer, Canadian Natural Resources, is ready to back a potential pledge by Canada's federal government for a production cut if it is a fair broad-based approach, the?
Russia: U.S. Shale Decline Can't Count As ?Output Cut'
Production declines across the U.S. shale patch as companies reduce drilling and spending cannot be viewed as a voluntary U.S. cut aimed at supporting oil prices, Vladimir Putin's Press Secretary?
Canada's Beleaguered Oil Firms See Funding Costs Soar
One of Canada's largest oil firms, Suncor Energy, has just?announced?the issue of new bonds, for which it had to pay triple the borrowing costs that it did for a?
