Oil
![Oil](/cache/05-20/price-449.5ce665e0.jpg)
2020, May, 28, 12:05:00
OIL PRICE: NEAR $34
Brent were down 2%, or 71 cents at $34.03 per barrel, WTI were down 3%, or 98 cents, at $31.83 a barrel
![Oil](/cache/05-20/price-445.ecca30bd.jpg)
2020, May, 28, 12:00:00
RUSSIA, SAUDI ARABIA COORDINATION
Russian President Vladimir Putin discussed the oil market with Saudi Arabia's Crown Prince Mohammed bin Salman on Wednesday
![Oil](/cache/05-20/china-31.674de136.jpg)
2020, May, 28, 11:50:00
CHINA'S ENERGY IEFFICIENCY UP
China energy intensity, which measures the amount of energy needed to generate one unit of GDP, decreased by 2.6% in 2019,
![Oil](/cache/05-20/chevron-40.e53d418b.jpg)
2020, May, 28, 11:40:00
CHEVRON WILL CUT 6,000 EMPLOYEES
Chevron’s cuts equate to about 6,000 of its 45,000 non-gas station employees. It’s “streamlining our organizational structures to reflect the efficiencies and match projected activity levels,” the San Ramon, California-based company said Wednesday in a statement. “This is a difficult decision, and we do not make it lightly.”
![Oil](/cache/05-20/petronas-12.e38fe58e.jpg)
2020, May, 28, 11:35:00
MALAYSIA'S PETRONAS WILL CUT INVESTMENT
Petronas plans to reduce its capital expenditures by 21% and its operating costs by 12% in 2020
![Oil](/cache/05-20/petronas-11.19dea80e.jpg)
2020, May, 28, 11:30:00
MALAYSIA'S PETRONAS PROFIT 68% LOWER
Petronas Profit After Tax (PAT) for the quarter stood at RM4.5 billion, 68 per cent lower than the RM14.2 billion posted in the corresponding quarter in the previous year,
![Oil](/cache/05-20/australia-76.8cee6416.jpg)
2020, May, 28, 11:25:00
AUSTRALIA'S SANTOS BUYING $1.265 BLN
Santos today is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingent payment of US$200 million subject to a final investment decision (FID) on Barossa.
![Oil](/cache/05-20/price-444.f67e5e58.jpg)
2020, May, 27, 12:20:00
OIL PRICE: ABOVE $35
Brent fell 53 cents, or 1.5%, to $35.64, WTI was down 50 cents, or 1.5%, at $33.85.
![Oil](/cache/05-20/chevron-39.5dbe83ff.jpg)
2020, May, 27, 11:35:00
CHEVRON NET INCOME $3.6 BLN
Chevron Corporation (NYSE: CVX) reported earnings of $3.6 billion ($1.93 per share - diluted) for first quarter 2020,
![Oil](/cache/05-20/price-442.d4472a0b.jpg)
2020, May, 26, 10:50:00
OIL PRICE: ABOVE $36
Brent were up nearly 1.7%, or 61 cents to $36.14, WTI gained 3.4%, or $1.12, to $34.37 a barrel
![Oil](/cache/05-20/oil-23.6af5991c.jpg)
2020, May, 26, 10:45:00
ПРОФИЦИТ НА РЫНКЕ 7 - 12 МБД
Говоря о ситуации на рынке нефти, глава Минэнерго России отметил, что с рынка уже ушло около 14-15 млн б/с нефти с учетом сделки ОПЕК+, а также падения добычи в других странах. Пока профицит составляет около 7-12 млн б/с, но Минэнерго России рассчитывает, что в июне-июле рынок сбалансируется благодаря росту потребления.
![Oil](/cache/05-20/usa-179.ca933adf.jpg)
2020, May, 26, 10:40:00
U.S. SHALE OIL LOSS $26 BLN
The biggest independent shale oil groups in the US reported a record combined loss of $26bn in the first quarter
![Oil](/cache/05-20/usa-180.b3ec0c7d.jpg)
2020, May, 26, 10:35:00
U.S. OFFSHORE DRILLING PROBLEM
A U.S. ban on new offshore drilling in the Gulf of Mexico
![Oil](/cache/05-20/oil-24.5eb8c446.jpg)
2020, May, 26, 10:30:00
RUSSIA'S OIL FOR CHINA 1.76 MBD
China's crude oil imports from Russia rose 17.7% year on year to 7.2 million mt or 1.76 million b/d in April,
![Oil](/cache/05-20/transcanada-28.3c2a1f6d.jpg)
2020, May, 26, 10:15:00
TC ENERGY SELLS $2.1 BLN
TC Energy Corporation has completed the sale of a 65 per cent equity interest in the Coastal GasLink Pipeline Project