Oil & Gas News

Will oil prices go negative again this month?
15.05.2020
882
Will oil prices go negative again this month?
The Commodity Futures Trading Commission has warned that as the expiry date for the June West Texas…
Pipeline operator sees Permian wells restarting production
13.05.2020
721
Pipeline operator sees Permian wells restarting production
Some drillers in the biggest North American oil field are reopening wells shut in response to the pa…
Oil storage crisis fading on global production cuts and recovering demand
13.05.2020
935
Oil storage crisis fading on global production cuts and recovering demand
While the global oil market remains in a dire situation, it’s starting to look like the nightm…
Texas issues 50% fewer drilling permits in April 2020 versus one year ago
13.05.2020
921
Texas issues 50% fewer drilling permits in April 2020 versus one year ago
The Railroad Commission of Texas issued a total of 456 original drilling permits in April 2020 compa…
U.S. energy chief forecasts a robust future for oil demand
13.05.2020
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U.S. energy chief forecasts a robust future for oil demand
President Donald Trump’s top energy official said the oil industry is on its way back after su…
Venezuela's oil production crippled by another power outage
09.05.2020
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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
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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
1 166
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
1 111
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
717
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
1 247
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
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Chevron doesn’t plan to exit Venezuela
Chevron is complying with the U.S. Administration’s requirements, but it is not winding down a…
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