Enterprise Pipeline Offers Oil Route To Cushing Storage As Glut Grows
Enterprise Products Partners?is opening?the northbound capacity of its Seaway pipeline, offering U.S. oil producers struggling to place their oil near the Gulf Coast to ship their barrels to the?
Oil Falls As Saudi Arabia Launches New Price War With Record Discounts
This weekend's 11th hour decision to cut OPEC oil output by 23% was supposed to end the oil price war between Saudi Arabia and the rest of OPEC+, but it?
Exxon sold $9.5 billion in new debt this week ahead of earnings season, amid a rush among oil companies to create for themselves financial cushions against further blows from the?
U.S. May Help Oil Producers By Offering Storage Space In SPR
The U.S. Department of Energy is negotiating contracts with nine U.S. oil producers to store a total of 23 million barrels of their produced oil in the Strategic Petroleum Reserve?
Belarus To Launch New Nuclear Power Plant This Autumn
Officials in Minsk say a nuclear power plant being constructed in western Belarus will be launched during the summer and start producing electricity in the autumn.Energy Minister Viktar?
Oil Hits $20 After API Reports Mega Crude Inventory Build
The American Petroleum Institute (API) estimated on Tuesday another large crude oil inventory build of 13.143 million barrels for the week ending April 10 as demand destruction stemming from the?
China Stockpiled Ultra Cheap Crude During Lockdown
China imported crude oil at an average rate of around 10.38 million bpd, for a total of 43.91 million tons, according to calculations made by Reuters. The total for the?
Saudis To Issue Debt As Price Crash And Oil Deal Hit Revenues
OPEC's top producer and the world's top oil exporter, Saudi Arabia, may soon tap the international debt market to raise money as the oil price crash and the historic oil?
With airlines facing a $250-billion loss in revenue for 2020 at a minimum, the additional $35 billion they might have to pay in the form of refunds over?
