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Petroleum Newsroom
Oil jumps 13% in fifth day of gains on demand recovery and production cuts
[ad_1] Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton |…
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Petroleum Newsroom
US stockpiles, output cuts in focus
[ad_1] Oil-storage tanks are seen from above in Carson, California, April 25, 2020 after the price for crude plunged into…
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Petroleum Newsroom
Oil jumps 18%, extending Wednesday’s rally as traders bet on US production cuts
[ad_1] Oil jumped more than 20% on Thursday, accelerating Wednesday’s rally, as the Street eyed continued production cuts, as well…
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Petroleum Newsroom
TechnipFMC books $3.25B loss; cuts execs pay and dividend
[ad_1] أعلنت شركة TechnipFMC عن خسائر في الربع الأول من عام 2020 بلغت 3.25 مليار دولار أو 7.28 دولار لكل…
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Petroleum Newsroom
US oil production plunges as the industry retrenches, and more cuts are expected after a price crash
[ad_1] An oil well owned and operated by Apache Corporation in the Permian Basin, viewed on February 5, 2015 in…
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Petroleum Newsroom
The oil industry shakeout is just beginning with more production cuts and bankruptcies ahead
[ad_1] Mark II Unitorque electric pumping unit at a crude oil well site outside South Heart, North Dakota. Daniel Acker…
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Petroleum Newsroom
OPEC meeting to decide on historic output cuts
[ad_1] Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russian Energy Minister Alexander Novak at the start…
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Petroleum Newsroom
Exxon cuts capital spending by 30%, but CEO says it’s ‘committed to maintaining’ dividend
[ad_1] Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren…
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Petroleum Newsroom
Oil jumps another 12% a day after its best day on record as traders expect big production cuts
[ad_1] Oil field workers on a rig in Tioga, North Dakota. Ken Cedeno | Corbis | Getty Images Oil prices…
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Petroleum Newsroom
BP to reduce spending in response to volatile market but no job cuts in next three months
[ad_1] حددت شركة النفط الكبرى BP الإجراءات التي تتخذها استجابة لوباء COVID-19 واضطراب السوق المستمر ، بما في ذلك انخفاض…
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