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2020, April, 9, 11:25:00
NORWAY REDUCES COSTS
"At the same time, the industry has announced and initiated a number of measures, and we can already see that this is affecting activity on the Norwegian shelf. Substantial cost cuts have been announced, reducing both exploration activity, investments and operating costs moving forward," says Director General Ingrid Sølvberg.
2020, April, 8, 12:05:00
OIL PRICE: NEAR $32
Brent was up by 21 cents, or 0.8%, at $32.08 per barrel, WTI rose 82 cents, or 3.8%, to $24.45 a barrel
2020, April, 8, 12:00:00
#OilPriceWar: NO ONE WINS
"We are encouraged by the President’s strong diplomacy with Saudi Arabia and Russia, and we are optimistic further progress will be made in the days ahead. No one wins in a price war, and the Saudis and the Russians aren’t benefiting from their decisions. We also urged the administration to avoid U.S. policies that could do more harm than good for American producers.
2020, April, 8, 11:55:00
OPEC+ U.S.: NO INDICATIONS
OPEC has been open to counting natural production declines in its output cut agreements, but there is no indication the US would be willing to sign up to that, and some delegates say Russia might not agree such a dressed-up US cut anyway.
2020, April, 8, 11:50:00
OIL PRICES 2020-21: $30-$46
Brent crude oil prices averaged $32/barrel (b) in March, a decrease of $24/b from the average in February and the lowest monthly average since January 2016.
2020, April, 8, 11:40:00
JAPAN'S STATE OF EMERGENCY
The emergency declaration gives the governors of Tokyo and six other selected prefectures -- Kanagawa, Chiba, Saitama, Fukuoka, Hyogo and Osaka -- legal backing to ask the public to stay home.
2020, April, 8, 11:35:00
KUWAIT INCREASES OIL PRODUCTION
The government of Kuwait plans to increase its oil production in April 2020, with an objective of 3.15 mb/d, up from an average production 2.69 mb/d in 2019 (2.74 mb/d in 2018).
2020, April, 8, 11:30:00
GERMANY'S RENEWABLE ELECRTICITY: 52%
In Germany, renewable energies accounted for nearly 52% of the power mix in the first three months of 2020.
In Spain, renewables contributed by nearly 45% of the total power generation in mainland Spain in the first quarter of 2020.
2020, April, 8, 11:25:00
EXXON REDUCES CAPEX TO $23 BLN
ExxonMobil capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion.