Goldman Sachs: 10 million bpd cut by top oil producers not enough
The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia - a group known as OPEC+ - are set to convene a video conference meeting on Thursday...
U.S. oil state senators to talk crude markets with Saudi officials Saturday
Senators Kevin Cramer and Dan Sullivan will hold a call with the officials two days after a scheduled OPEC+ meeting in which Saudi Arabia and Russia are expected to...
Big OPEC+ oil output cuts depend on U.S., others joining
Global oil demand has dropped by as much as 30%, or about 30 million barrels per day (bpd), as measures to prevent the virus spreading have slashed demand for...
Oil edges down after Saudi Arabia, Russia delay meeting
Brent crude LCoc1 slipped close to $30 a barrel earlier but pared losses to trade down 24 cents, or 0.7%, to $33.87 a barrel by 0639 GMT. West Texas...
Brent reverses losses to rise above $30/bbl in early European trading
Brent crude LCOc1 futures were up 7%, or $2.10, at $32.04 per barrel by 0748 GMT. Brent soared as much as 47% during Thursday’s session, its highest intraday percentage...
Russia has no plans to increase oil output: Energy Minister
Data from the ministry released on Thursday by Interfax also showed that Russian oil production was 11.29 million barrels per day (bpd) in March, unchanged from a month earlier....
Chinese buyers snap up U.S. oil purchases at widest discounts ever
China started processing in March applications from its companies to waive import tariffs on U.S. energy goods as part of the Sino-U.S. Phase 1 trade deal and they have...
UAE’s Dana Gas explores spin-off and listing of upstream business
Dana Gas, which operates concessions Iraq’s Kurdish region and Egypt, said it was studying a potential demerger of the business into a new company, according to a statement to...
Come by Chance becomes first North American refinery to close on coronavirus concerns
The company confirmed on Monday that it told stakeholders it was pausing production because of concerns about worker safety as the virus spreads.
Refineries around the...
Russia calls for new enlarged OPEC deal to tackle oil demand collapse
A pact between the Organization of the Petroleum Exporting Countries and other producers, including Russia (known as OPEC+), to curb oil production to support prices fell apart earlier this...
