In our fractious domestic politics, squabbles over infrastructure spending are as old the republic. But here we propose an infrastructure project of considerable scope that the country needs and which?
OPEC Producers See Market Share Evaporate In India
The world's third-biggest oil importer, India, saw its imports from OPEC producers slump to a 19-year-low in the fiscal year 2019/2020 ended in March, Reuters?reported?on Thursday, citing data from?
The federal government will keep royalty rates for offshore oil production despite a push from the industry to lower the payments burden amid the covid-19 crisis, a Louisiana senator?told?Reuters.?
Canada's Oil Has Nowhere To Go As The US Runs Out Of Storage
Collapsing demand and brimming storage in the United States, Canada's almost exclusive oil outlet, have resulted in a very usual situation in the Canadian oil industry. Prices for delivery at?
In Rare Development, Oil Majors Are Forced To Cut Output Under OPEC Deal
A British Petroleum-led project in Azerbaijan will have to cut production in May for the first time as Azerbaijan will need to take drastic measures to meet its new quota?
Saudi Arabia To Take On Billions In Debt To Survive The Oil Price Crisis
Saudi Arabia may have to borrow as much as $58 billion this year to cover a budget shortfall caused by the oil price slump, Bloomberg reports, citing Finance Minister Mohammed?
Although the new OPEC+ agreement goes into effect on May 1, OPEC's fourth-largest producer, Kuwait, has already started to reduce crude oil supply to international markets ?sensing a responsibility responding?
Brokers Warn Clients Against ?Dangerous' Oil Futures
After the WTI Crude futures?collapsed into negative territory?this week, some brokerages have started to limit the ability of their smaller customers to place new trades in the June futures?
Indian Refineries Slash Middle East Oil Imports As Storage Fills Up
Due to plummeting fuel demand and overflowing storage capacity, at least three oil refiners in India have asked for lower crude oil imports for May from the Middle East, including?
With Oil Hedged At $49, Mexico Saves $6.2 Billion As Prices Crash
As the oil price crash squeezes oil companies across the globe, Mexico's Hacienda Hedge is set to deliver $6.2 billion to the Latin American country, Mexico's President Manuel Lopez Obrador?
