Oil
![Oil](/cache/03-20/SHELL-108.59e7c175.jpg)
2020, March, 24, 14:05:00
SHELL INVESTMENT DOWN TO $20 BLN
Today, we are announcing that we have embarked on a series of operational and financial initiatives that are expected to result in:
reduction of underlying operating costs by $3-4 billion per annum over the next 12 months compared to 2019 levels;
reduction of cash capital expenditure to $20 billion or below for 2020 from a planned level of around $25 billion; and
material reductions in working capital.
![Oil](/cache/03-20/PRICE-237.a10e0790.jpg)
2020, March, 23, 13:50:00
OIL PRICE: NEAR $26
Brent fell 65 cents, or 2.4%, to $26.33 a barrel, WTI were up 29 cents, or 1.3%, at $22.92 a barrel,
![Oil](/cache/03-20/PRICE-235.263dc154.jpg)
2020, March, 23, 13:45:00
#OilPriceWar VICTIM
US oil producers are likely to be a victim of the oil-price war,
![Oil](/cache/03-20/PRICE-232.d71cd0ef.jpg)
2020, March, 23, 13:40:00
OIL PRICE WILL UP TO $60
By the end of the year oil price will grow and return to a level of up to $60/b. If these processes continue, shale oil will exit the market
![Oil](/cache/03-20/PRICE-234.02bc51ab.jpg)
2020, March, 23, 13:35:00
ARAMCO'S OBLIGATIONS 12 MBD
Aramco has pledged to supply 12.3 million b/d of crude in April and May
![Oil](/cache/03-20/RIG-161.3f259cac.jpg)
2020, March, 23, 13:20:00
U.S. RIGS DOWN 20 TO 772
U.S. Rig Count is down 20 rigs from last week to 772, Canada Rig Count is down 77 rigs from last week to 98
![Oil](/cache/03-20/PRICE-231.163e24d1.jpg)
2020, March, 20, 12:40:00
OIL PRICE: NEAR $30 ANEW
Brent were up $1.90, or 6.7%, to $30.37 per barrel, WTI rose $2.03 to $27.25 a barrel.
![Oil](/cache/03-20/PRICE-228.4547e3bc.jpg)
2020, March, 20, 12:35:00
U.S. SUPPLICATION TO SAUDI ARABIA
That, in turn, has prompted several lawmakers from Texas, North Dakota, Alaska and other oil states to directly lobby Saudi Arabia, stressing the two countries' decades-long ties.
![Oil](/cache/03-20/PRICE-227.7c8feb55.jpg)
2020, March, 19, 12:35:00
OIL PRICE: ABOVE $27
Brent jumped $2.29, or 9.2%, at $27.16 a barrel, WTI gained $3.20, or 15.7%, to $23.52
![Oil](/cache/03-20/PRICE-229.28d4314b.jpg)
2020, March, 19, 12:32:00
OIL PRICE SUPPORT: NEAR $29
May ICE Brent crude futures -- the front-month contract hit its lowest since 2003 on Wednesday -- were up 80 cents/b at $25.68/b, with the April NYMEX crude contract up $1.77/b at $22.14/b.
![Oil](/cache/03-20/PRICE-225.407d6de1.jpg)
2020, March, 19, 12:20:00
SAUDI ARAMCO SUPPLIES 12 MBD
Saudi Aramco will supply 12.3 million b/d of crude to the market during the coming months,
![Oil](/cache/03-20/SANCTIONS-68.54a22418.jpg)
2020, March, 19, 12:15:00
U.S., IRAN SANCTIONS AGAIN
The US State Department named nine entities Wednesday under new sanctions for continuing to trade petrochemicals with Iran.
![Oil](/cache/03-20/china-21.e8d35e3f.jpg)
2020, March, 19, 12:10:00
CHINA'S OIL IMPORTS UP TO 10 MBD
China’s annual crude oil imports in 2019 increased to an average of 10.1 million barrels per day (b/d), an increase of 0.9 million b/d from the 2018 average
![Oil](/cache/03-20/PRICE-221.8cebc931.jpg)
2020, March, 18, 12:30:00
OIL PRICE: ABOVE $28
Brent was trading down 43 cents, or 1.5%, at $28.30 a barrel , WTI was down 47 cents, or 1.7%, at $26.48 a barrel