U.S. Senators To Discuss Oil Markets With Saudi Arabia
Two senators from U.S. oil states will hold talks with Saudi officials this Saturday to discuss the oil price situation, Reuters?reports, citing unnamed sources. The same senators have also?
Halliburton has laid off 350 workers in Oklahoma as the squeeze of oil prices on the industry forces companies to shrink their operations. The Houston Chronicle?reported?the layoffs citing a?
Indonesia's Pertamina To Boost Oil Production Despite Price Crash
Despite the oil price crash, Indonesia's state-owned oil and gas firm Pertamina continues to pursue its target to raise oil and gas production by 1.8 percent in 2020, according to?
U.S. Restarts LNG Exports To China After 1-Year Break
U.S. exports of liquefied natural gas (LNG) have resumed flowing to China for the first time since March 2019, after the Chinese authorities have granted tax waivers to several Chinese?
The American Petroleum Institute (API) estimated on Tuesday a huge crude oil inventory build of 11.938 million barrels for the week ending April 4 as demand destruction stemming from the?
Blockade Sends Libya's Oil Production Crashing Below 100,000 Bpd
An oil export terminal blockade that led to the shut down of fields and refineries has so far cost Libya close to $4 billion, the National Oil Corporation?said?in a?
OPEC Nations Face Credit Downgrades As Crisis Drags On
The coronavirus pandemic and the oil price collapse are rapidly deteriorating the sovereign rating outlook--with more multi-notch downgrades on the way, Fitch Ratings said in a statement. ? ?We?
Exxon Cuts Spending By $10 Billion As Oil Prices Collapse
ExxonMobil is?axing capital expenditure?for this year by $10 billion, quantifying on Tuesday the capex cuts it announced last month in response to the oil demand and oil price collapse.?
Petrobras Slashes Oil Output Ahead Of Global Production Meeting
Petrobras has set its April oil production at 2.07 million barrels per day (bpd), after having reduced production by 200,000 bpd in the past two weeks in response to the?
Several rockets were fired and landed on Monday near a residential district in southern Iraq, where many foreign oil firms have their headquarters and where oil workers live, without causing?
