Oil
![Oil](/cache/04-20/china-26.83c45c08.jpg)
2020, April, 17, 14:40:00
CHINA'S ECONOMY UPDOWN
China on Friday reported a contraction of 6.8% in its Q1 GDP, but economic activity improved in March from January-February.
![Oil](/cache/04-20/NORWAY-29.1e93db6f.jpg)
2020, April, 17, 14:30:00
NORWAY'S OIL & GAS PRODUCTION 2.038 MBD
Norway's preliminary production figures for March 2020 show an average daily production of 2 038 000 barrels of oil, NGL and condensate,
![Oil](/cache/04-20/PRICE-352.278b75d6.jpg)
2020, April, 16, 14:20:00
OIL PRICE: ABOVE $28 ANEW
Brent was down 19 cents, or 0.7%, at $27.50 a barrel, WTI was up 7 cents, or 0.4%, at $19.94.
![Oil](/cache/04-20/ADNOC-36.e8495347.jpg)
2020, April, 16, 13:40:00
ADNOC STOPS $1.65 BLN
ADNOC has terminated $1.65 billion worth of contracts
![Oil](/cache/04-20/PRICE-344.5103dcf3.jpg)
2020, April, 15, 14:05:00
OIL PRICE: ABOVE $28
Brent fell $1.19, or 4%, to $28.41 a barrel, WTI slid 45 cents, or 2.2%, to $19.66.
![Oil](/cache/04-20/PRICE-342.245d78bf.jpg)
2020, April, 15, 14:00:00
OPEC+ STABILIZE OIL MARKET
The deal calls on OPEC, Russia and nine other allies to cut 9.7 million b/d of crude production in May and June, ramping down to 7.7 million b/d for the second half of 2020, and then 5.8 million b/d for all of 2021 through April 2022.
![Oil](/cache/04-20/INDIA-132.3cc34dab.jpg)
2020, April, 15, 13:50:00
INDIA WILL BUY 19 MBL
The government of India plans to move 19 mbl of oil into its strategic petroleum reserves (SPR) by the end of May 2020,
![Oil](/cache/04-20/PRICE-340.dd1e7f80.jpg)
2020, April, 14, 15:05:00
OIL PRICE: ABOVE $31 AGAIN
Brent fell 8 cents, or 0.3%, to $31.66 a barrel, WTI was down 36 cents, or 1.6%, at $22.05
![Oil](/cache/04-20/PRICE-336.bb0d9dbe.jpg)
2020, April, 14, 14:55:00
ARAMCO'S OIL PRICES DOWN
This is Saudi Arabia's second consecutive monthly price cut after it slashed crude prices by $5-$8/b for April loading crude last month.
![Oil](/cache/04-20/usa-130.3b6070e9.jpg)
2020, April, 14, 14:50:00
U.S. PRODUCTION: OIL (-183) TBD, GAS (-869) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 183,000 b/d month-over-month in April from 8,709 to 8,526 thousand barrels/day, gas production to decrease 869 million cubic feet/day from 84,027 to 83,158 million cubic feet/day .
![Oil](/cache/04-20/Baker-Hughes-32.589a0335.jpg)
2020, April, 14, 14:25:00
BAKER HUGHES RESTRUCTURING 1.8 BLN
Baker Hughes has approved a plan that will result in restructuring, impairment, and other charges of approximately $1.8 billion
![Oil](/cache/04-20/PRICE-331.00ade215.jpg)
2020, April, 13, 11:55:00
OIL PRICE: NEAR $31 ANEW
Brent rose 16 cents, or 0.5%, to $31.64 a barrel, WTI were up 37 cents, or 1.6%, to $23.13 a barrel
![Oil](/cache/04-20/PRICE-329.6abf6a9c.jpg)
2020, April, 13, 11:50:00
OPEC+ OIL CUTTING 12.5 MBD
effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day
![Oil](/cache/04-20/PRICE-324.735ea0b2.jpg)
2020, April, 13, 11:35:00
OPEC+ REDUCES OIL PRODUCTION BY 10 MBD
OPEC led by Saudi Arabia and its allies led by Russia, which together make up the informal OPEC+ group, had forged a pact to curb crude production by 10 million barrels per day (bpd) or 10% of global supplies in marathon talks on Thursday.
![Oil](/cache/04-20/PRICE-327.62e1b5af.jpg)
2020, April, 13, 11:30:00
OPEC+ U.S.: NO AGREEMENT
We will use the SPR to store as much oil as possible," US Energy Secretary Dan Brouillette said at a G20 energy summit. "This will take surplus oil off the market at a time when commercial storage is filling up and the market is oversupplied."