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US oil producers are paying consumers to take crude amid coronavirus market slowdown

Saturday, 28 March 2020

In an obscure corner of the American physical oil market, crude prices have turned negative – ......

Coronavirus: Petrobras cuts production 100,000 barrels per day

Thursday, 26 March 2020

Brazilian state oil giant Petrobras announced it filing that it would reduce its oil production by ......

Chevron slashes capital spending, halts $5 billion share buyback program

Tuesday, 24 March 2020

Chevron Corp. became the latest major oil company to take an ax to its budget after halting its $5 ......

Oil gains over 5 pct on Fed support, hope for US $2 trillion coronavirus deal

Tuesday, 24 March 2020

Oil jumped 5 percent on Tuesday to above $28 a barrel, supported by steps by the US Federal Reserve ......

Forget US shale, Russia will be the main victim of the OPEC+ spat

Monday, 23 March 2020

Cyril Widdershoven is a Middle East defense energy analyst and the Director at Verocy B.V., a consultancy based in the Netherlands.

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Only a truly global compact to limit oil supply ‘can fix market collapse’

Thursday, 19 March 2020

Only a truly global compact to regulate oil supply to international markets can stop a total ......

Shell hires supertanker to store oil at sea amid supply glut: Sources

Wednesday, 18 March 2020

Royal Dutch Shell has booked a supertanker to store 2 million barrels of oil at sea to park mounting ......

US oil plunges to 18-year low as lockdowns trigger market collapse

Wednesday, 18 March 2020

Oil prices plunged on Wednesday, with US crude futures hitting an 18-year low, as governments ......

Iraq oil minister urges OPEC, non-OPEC emergency meet as oil prices dip

Wednesday, 18 March 2020

Iraq’s oil minister has urged for an emergency meeting between OPEC and non-OPEC members to be ......

US crude oil hits 17-year low amid coronavirus, Saudi-Russia price war

Wednesday, 18 March 2020

Oil prices fell for a third session on Wednesday with US crude futures tumbling to a 17-year low as ......

Global 2020 oil demand to fall 2.8 mln bpd amid coronavirus, price war: Report

Wednesday, 18 March 2020

Oil demand for 2020 is set to fall 2.8 million barrels per day (bpd), or 2.8 percent, year-on-year, ......

Oil traders scramble for storage tanks on land and sea as prices plummet

Wednesday, 18 March 2020

Traders are scrambling to secure oil storage tanks on land and at sea to cope with slumping demand ......

Saudi Aramco is ‘very comfortable’ with oil at $30 per barrel: CFO

Monday, 16 March 2020

Saudi Aramco is “very comfortable” with oil at $30 a barrel, CFO Khalid al-Dabbagh said ......

Oil tumbles further as demand evaporates due to coronavirus shock

Monday, 16 March 2020

Oil’s spectacular collapse deepened as widening global efforts to fight the spread of ......

Saudi Aramco expects to move all downstream operations into separate entity

Monday, 16 March 2020

Saudi Aramco said income tax rate for its downstream activities was reduced to 20% from 50% ......

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