Oil & Gas News

The Chinese trick that could save oil
23.04.2020
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The Chinese trick that could save oil
China is buying cheap oil to fill its strategic oil reserves--a move that could save the oil industr…
With oil hedged at $49, Mexico saves $6.2 billion as prices crash
23.04.2020
200
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…
The world’s largest oil fund scrambles to survive, reshuffles holdings again
23.04.2020
48
The world’s largest oil fund scrambles to survive, reshuffles holdings again
The managers of the infamous USO ETF really do not want to be dissolve this "retail killer"…
Trump working on funding plan to preserve U.S. oilfield jobs
22.04.2020
77
Trump working on funding plan to preserve U.S. oilfield jobs
President Donald Trump said his administration is working on a plan to make money available to the o…
OPEC+ mega-deal rendered meaningless by demand destruction
22.04.2020
169
OPEC+ mega-deal rendered meaningless by demand destruction
The most ambitious bid to rescue the global oil industry ever seen has been swept aside by a brutal…
Oil price collapse spreading as June WTI futures drop 24%, Brent falls
22.04.2020
55
Oil price collapse spreading as June WTI futures drop 24%, Brent falls
The meltdown in oil markets widened, with huge losses spreading beyond contracts affected by technic…
“Capacity almost completely sold out,” says world’s largest oil storage firm
22.04.2020
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“Capacity almost completely sold out,” says world’s largest oil storage firm
The world’s biggest independent oil storage company said that space for traders to store crude…
WTI crude price goes negative for the first time in history
21.04.2020
393
WTI crude price goes negative for the first time in history
A perfect storm of weak demand, unbridled production by warring producers, and an exhaustion of stor…
Oil dives to a 21-year low on demand, storage concerns
20.04.2020
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Oil dives to a 21-year low on demand, storage concerns
Oil plunged below $15 a barrel in New York, a fresh 21-year low, as inventories soar because of the…
Canada attaches stricter environmental rules to oilfield support funds
20.04.2020
223
Canada attaches stricter environmental rules to oilfield support funds
Canada’s plan to spend $1.2 billion to help clean up the country’s derelict oil wells co…
ADNOC terminates Dalma gas project with Petrofac
18.04.2020
1 617
ADNOC terminates Dalma gas project with Petrofac
Petrofac Ltd announced that its Petrofac Emirates joint venture has received notice of termination f…
Saudi Arabia, Russia appear open to cuts beyond OPEC+ deal
18.04.2020
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Saudi Arabia, Russia appear open to cuts beyond OPEC+ deal
Saudi Arabia and Russia signaled they may be open to further output cuts after the latest OPEC+ deal…
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