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Oil & Gas Decommissioning To Total $42 Billion Through 2024
Energy companies have been slashing exploration and production budgets since the Covid-19 pandemic took hold and sent oil prices tumbling, but, with few profita
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302020-05

Oil Slides As Russia Plans To Raise Production
Reports that Russia plans to start easing oil production cuts after the end of June arrested the oil price rally, keeping WTI below $35 a barrel.WTI slid 0.3 pe

292020-05

Global bunker fuel demand set to drop 5%-10% on COVID-19 pain - expert
Global bunker fuel demand is likely to fall by 5%-10% year on year in 2020 as the coronavirus pandemic slows trade and impedes shipping and ship crew moveme

272020-05

Oil & Gas Decommissioning To Total $42 Billion Through 2024
Energy companies have been slashing exploration and production budgets since the Covid-19 pandemic took hold and sent oil prices tumbling, but, with few profita

252020-05

Top 12 Listed Oil Giants Book Huge $20.6 Billion Loss In First Quarter
The 12 largest listed oil companies in the world booked a combined net loss of US$20.6 billion for the first quarter this year, compared to a collective net inc

212020-05

Global Demand for Natural Gas Will Drop 2% in 2020
Rystad Energy estimates global natural gas demand to fall by almost 2% this year as a result of the lower activity as commercial and industrial demand for natur

182020-05

U.S. to buy up to 1 million barrels of oil for emergency reserve
he US Energy Department said on Wednesday it will buy up to 1 million barrels of sweet crude for the government's emergency petroleum reserve as part an effort

142020-05

EIA: US Oil Demand Set to Crash by 2.2 Million bbl/d in 2020
U.S. oil demand is set to crash by 2.2 million bbl/d in 2020 to 18.3 million bbl/d, the U.S. Energy Information Administration (EIA) said May 12, as the coronav

122020-05

Big Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier.
Major oil and gas producers from Norway to the U.S. saw profit plunge in the opening three months of the year. Exxon Mobil reported its first loss in over 30 ye

112020-05

Russian oil output below 10 million bpd for first time since 2009
Russian oil and gas condensate production in the first five days of May fell to 9.5 million barrels per day (bpd), the first time it has dropped below 10 millio

082020-05

Over US$85bn of 2020 forecast expenditure erased from oil and gas sector, says GlobalData
To protect balance sheets, maintain shareholder pay-outs and preserve cash, oil and gas companies have gone into survival mode, reducing forecast expenditure sa
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