With the most recent round of coronovirus-induced lockdowns in various parts of the world, OPEC may face the biggest challenge yet: Cut even more production. Will the cartel and its members survive …
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The main oil benchmark fell below $ 40 a barrel this week as clouds gathered on the outlook for demand and supply amid an increase in Kovid-19 cases in Europe and the …
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Oil prices rose on Tuesday, with Brent rising by $ 40 a barrel on the back of financial markets and a weak US dollar on election day. As of 9:45 pm EST …
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Top executives of Russia’s oil companies discussed the future of the OPEC + deal with Russian Energy Minister Alexander Novak on Monday, including an option to extend the cuts, which is for …
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Russian media reported that Russia’s Energy Minister Alexander Novak is meeting with officials of Russia’s oil companies on Monday to discuss the OPEC + production cut deal. Russia is the leader of …
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The US Energy Information Administration (EIA) said Wednesday that crude oil tanker rates — the lowest since 2003 on the major route from the Arabian Gulf to Asia in September — have …
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Over the years, the oil industry attracted investors with large and regular returns. Even when oil prices fell, Big Oil found ways to pay dividends, even if they had to cut them, …
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Word size Pioneer Resource CEO Scott Sheffield said he expected his company to be one of the winners. Daniel Acker / Bloomberg Scott Sheffield, CEO of Pioneer Resources, said on Tuesday that …
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An Venezuelan oil tanker has been erected for nearly two years in the Gulf of Paria, containing approximately 80 million gallons of oil. New pictures of the vessel show that it is …
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An Venezuelan oil tanker has been erected for nearly two years in the Gulf of Paria, containing approximately 80 million gallons of oil. New pictures of the vessel show that it is …
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