Friday, July 3, 2020

OilfieldNow

454 POSTS0 COMMENTS
https://www.oilfieldnow.com

Oil barrels come off the water as storage boom at sea fades

LONDON, July 1 (Reuters) - Tens of millions of barrels of crude and oil products stored on tankers at sea due to the coronavirus...

Mexican top court upholds antitrust complaint over energy policy

MEXICO CITY, June 29 (Reuters) - Mexico's Supreme Court has upheld a complaint by antitrust regulator Cofece against an attempt by the energy ministry...

OPEC, Russia seen easing oil production cuts from August

LONDON, June 30 (Reuters) - OPEC and Russia will likely ease record oil production cuts from August as global oil demand recovers and prices...

Shell to cut asset values by up to $22 bln after coronavirus hit

LONDON, June 30 (Reuters) - Royal Dutch Shell plans to slash the value of its oil and gas assets by up to $22 billion...

OPEC oil output sinks as Saudi deepens cuts and others cut more, survey shows

LONDON, June 30 (Reuters) - OPEC oil output hit the lowest in two decades in June as Saudi Arabia and other Gulf Arab members...

Russian share of Europe oil market under threat as exports hit 20-year lows

MOSCOW, June 30 (Reuters) - Russian oil exports to Europe are set to hit their lowest levels in two decades in July, with an...

Saudi Arabia’s economy contracts by 1% in Q1 amid oil plunge

DUBAI, June 30 (Reuters) - Saudi Arabia's economy contracted by 1% in the first quarter, official data showed on Tuesday, but the figures only...

Botswana taps into strategic fuel reserves to ease shortages

GABORONE, June 30 (Reuters) - Botswana has tapped into its strategic fuel reserves to alleviate shortages caused by import delays during the coronavirus crisis...

EU prepares response to Nord Stream U.S. sanctions threat

BRUSSELS/FRANKFURT, June 29 (Reuters) - The European Commission is preparing measures to protect the European Union as it faces threatened U.S. sanctions, which could...

Libya’s NOC confirms international talks on resuming oil output

TUNIS, June 29 (Reuters) - Libya's National Oil Corporation (NOC) is hopeful that oil production will resume after international talks to end a blockade...

TOP AUTHORS

0 POSTS0 COMMENTS
302 POSTS0 COMMENTS
0 POSTS0 COMMENTS

Most Read

Wall Street sees Exxon paring asset values on weakening demand

HOUSTON, July 2 (Reuters) - Exxon Mobil Corp assets are likely overvalued in light of weak oil-demand outlook, according to Wall Street analysts, and...

Oil falls below $43 on virus fears, still heads for weekly gain

LONDON, July 3 (Reuters) - Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand...

Refiner Phillips 66’s return-to-work policy stirs unease as virus flares

DENVER/HOUSTON, July 3 (Reuters) - About 20 employees of U.S. oil refiner Phillips 66 tested positive at its Texas headquarters for COVID-19 in recent...

U.S. oil & gas rig count hits record low for 9th week -Baker Hughes

July 2 (Reuters) - U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a ninth...