$30 Oil Won't Keep U.S. Shale From Setting Production Record
Despite the low oil prices that brought on by the combination of the coronavirus pandemic's migration to the United States and the oil price war between Russia?
Asian Oil Buyers Look For Smaller Ships As Supertanker Rates Explode
Asian refiners are increasingly looking to book smaller tankers to load oil from the Middle East as the freight costs for chartering supertankers have surged after Saudi Arabia pledged to?
The One Russian Oil Giant China Simply Refuses To Deal With
China's state oil and chemicals company Sinochem doesn't want to have anything to do with crude oil related in any way to Russian oil giant Rosneft or any of its?
Azerbaijani Economy At Stake As Oil Prices Plummet
Demand for dollars has spiked in Azerbaijan amid fears of another currency devaluation following a plunge in oil prices. A feud between Saudi Arabia and Russia led to a?
Big Oil Switches To Remote Work Over Coronavirus Scare
Large oil companies in the United States have asked their office employees to work from home and instituted health checks for those who cannot work from home, Reuters reports.?
Benchmark U.S. oil prices plunged to below $30 a barrel early on Monday, while Brent Crude crashed by 10 percent, as the markets were spooked, rather than calmed, by the?
U.S. Shale Drillers Ask Service Providers For Major Price Cuts
U.S. shale oil companies have asked oilfield service providers for price cuts of at least 25 percent as they grapple with tanking oil prices and pessimistic oil demand forecasts, Reuters?
China's Top Oil Trader To Cancel Middle East Crude Imports
Even though OPEC is now flooding the market with cheap oil, Unipec ? the trading unit of Asia's largest refiner, Chinese Sinopec ? is attempting to defer or cancel the?
Canada's Husky Energy Slashes Spending As Low Oil Prices Bite
Canada's Husky Energy is the latest North American oil firm to slash spending amid collapsing oil prices, saying that it is reducing its capital budget by US$648 million (C$900?
Alberta Prepares Low-Interest Credit For Oil Industry
The Albertan government is preparing a low-interest credit package for the struggling oil industry in Canada's oil heartland to mitigate the worst consequences of the latest price collapse. "We are?
