Oil
![Oil](/cache/03-20/Venezuela-85.5a11764f.jpg)
2020, March, 30, 09:55:00
ROSNEFT SELLS VENEZUELA'S ASSETS
Rosneft entered into an agreement with a company 100%-owned by the Russian government on the sale of shares and termination of its participation in all projects in Venezuela,
![Oil](/cache/03-20/rig-162.d391be89.jpg)
2020, March, 30, 09:40:00
U.S. RIGS DOWN 44 TO 728
U.S. Rig Count is down 44 rigs from last week to 728, Canada Rig Count is down 44 rigs from last week to 54
![Oil](/cache/03-20/PRICE-257.1d362ccb.jpg)
2020, March, 27, 14:00:00
OIL PRICE: NEAR $26 AGAIN
Brent was down 40 cents, or 1.5%, at $25.94 a barrel, WTI was up 11 cents, or 0.5%, at $22.71.
![Oil](/cache/03-20/PRICE-255.ae697afd.jpg)
2020, March, 27, 13:55:00
#OilPriceWar: RUSSIA UNCHANGED
Russia ramped up measures to combat the virus on Wednesday, with Russian President Vladimir Putin announcing that next week would be a paid non-working week throughout the country.
![Oil](/cache/03-20/USA-118.bd37916e.jpg)
2020, March, 27, 13:45:00
U.S. PRIMARY ENERGY CONSUMPTION 100 QUADRILLION BTU
U.S. primary energy consumption totaled 100 quadrillion Btu, a 1% decrease from 2018. Natural gas consumption increased 3%, renewable energy consumption and nuclear electric power consumption each increased less than 1%, petroleum consumption decreased less than 1%, and coal consumption decreased 14%.
![Oil](/cache/03-20/PRICE-253.af1dd37d.jpg)
2020, March, 26, 11:45:00
OIL PRICE: NEAR $27 YET
Brent fell 64 cents, or 2.3%, to $26.75 a barrel, WTI fell 78 cents, or 3.2%, to $23.71 a barrel
![Oil](/cache/03-20/PRICE-247.b7e23d9b.jpg)
2020, March, 26, 11:40:00
#OilPriceWar: U.S. NEED HELP
Some US shale producers have been pressuring the Trump administration to intervene in the price war, which broke out after Russia earlier this month declined to go along with an OPEC proposal for production cuts to prop up prices.
![Oil](/cache/03-20/PRICE-251.9eb213d4.jpg)
2020, March, 26, 11:35:00
#OilPriceWar: CHINA WINS
China is saving about $250mn a day after crude prices crashed this year amid dual demand and supply shocks.
![Oil](/cache/03-20/PRICE-249.33a538c8.jpg)
2020, March, 26, 11:25:00
ARAMCO PLANS TO SUPPLY 12.3 MBD
Aramco plans to supply 12.3 million barrels per day of crude in the next two months, after talks with Russia to deepend OPEC+ output cuts floundered, starting a price war. The company will draw 3 million barrels per day from its stocks, producing 12 million barrels per day.
![Oil](/cache/03-20/OMV-1.3cb2a95e.jpg)
2020, March, 26, 11:15:00
MUBADALA, OMV AGREEMENT $4.68 BLN
OMV, which currently owns a 36 percent stake in Borealis, will acquire an additional 39 percent from Mubadala.
The transaction value amounts to $4.68 billion and represents the biggest acquisition in OMV’s history and the largest transaction ever for Mubadala.
![Oil](/cache/03-20/PRICE-244.20841fad.jpg)
2020, March, 25, 13:45:00
OIL PRICE: NEAR $27
Brent was trading up 65 cents, or 2.4%, at $27.80 a barrel, WTI rose to a high of $25.24 a barrel
![Oil](/cache/03-20/CNOOC-7.59dbc22d.jpg)
2020, March, 25, 13:15:00
CNOOC NET PROFIT UP 16%
CNOOC total net profit rising significantly to RMB61.05 billion, an increase of 15.9% YoY, despite more than 10% drop in international oil prices.
![Oil](/cache/03-20/SANTOS-13.61b8eabd.jpg)
2020, March, 25, 13:10:00
AUSTRALIA'S SANTOS RATING 'BBB-'
Santos notes the announcement from S&P Global Ratings (S&P) reaffirming Santos’ BBB- credit rating with stable outlook.
![Oil](/cache/03-20/PRICE-243.9af92a0b.jpg)
2020, March, 24, 14:30:00
OIL PRICE: NEAR $28
Brent was up by $1.38 a barrel, or 5.1%, to $28.41, WTI gained $1.54, or 6.6%, to $24.90.
![Oil](/cache/03-20/PRICE-239.496906d0.jpg)
2020, March, 24, 14:20:00
U.S., SAUDI ARABIA #SANCTIONS
nine Republican senators asked the Department of Commerce to launch an anti-dumping case against Saudi Arabia following its price war with Russia.