Oil & Gas News

Venezuela's oil production crippled by another power outage
09.05.2020
386
Venezuela's oil production crippled by another power outage
According to unnamed sources who spoke to Reuters, a power outage this week stopped operations at th…
Norway’s oil industry questions $10 billion tax plan
09.05.2020
478
Norway’s oil industry questions $10 billion tax plan
A $10-billion tax deferral plan proposed by the Norwegian government has prompted two oil industry e…
U.S. to withdraw patriot missiles from Saudi Arabia over oil dispute
08.05.2020
634
U.S. to withdraw patriot missiles from Saudi Arabia over oil dispute
The United States will pull two Patriot missile batteries from guarding Saudi Arabian oil facilities…
Oil prices fall as 20 million Americans lose their jobs
06.05.2020
552
Oil prices fall as 20 million Americans lose their jobs
After a five-day streak of gains, oil prices reversed course early on Wednesday after a dismal U.S.…
A major bull run is forming in oil markets
04.05.2020
188
A major bull run is forming in oil markets
The oil market is facing an unprecedented crisis as COVID-19 causes demand destruction and OPEC+ has…
Oil prices fall as producers keep pumping crude
04.05.2020
755
Oil prices fall as producers keep pumping crude
Oil prices declined on Monday after three days of gains as worries of a supply glut resurfaced on ne…
Chevron doesn’t plan to exit Venezuela
02.05.2020
198
Chevron doesn’t plan to exit Venezuela
Chevron is complying with the U.S. Administration’s requirements, but it is not winding down a…
Oil tanker rates plunge more than 50% as OPEC+ cuts start
02.05.2020
170
Oil tanker rates plunge more than 50% as OPEC+ cuts start
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percen…
Washington may take stake in struggling U.S. oil companies
01.05.2020
538
Washington may take stake in struggling U.S. oil companies
The federal government may be about to offer the struggling U.S. oil industry loan financing in exch…
China’s state oil giants slash spending
01.05.2020
575
China’s state oil giants slash spending
While the U.S. oil industry is in the throes of panic as demand has fallen out of the oil market, Ch…
U.S. oil prices climb 25% to pare monthly loss to 8%
01.05.2020
384
U.S. oil prices climb 25% to pare monthly loss to 8%
Oil futures finished 25% higher on Thursday, paring their loss for the month as traders eyed the out…
Oil rallies on signs of a global reopening
30.04.2020
744
Oil rallies on signs of a global reopening
Oil prices rose early on Wednesday on a spate of relatively positive news. The most obvious for the…
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