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Oil

Oil
2020, June, 10, 12:20:00
BP CUTTING 10,000 JOBS, $3 BLN
BP will begin a process of cutting 10,000 jobs following the end of a three-month redundancy freeze that started in March.
Oil
2020, June, 9, 17:50:00
OIL PRICE: ABOVE $40 ANEW
Brent was down 52 cents, or 1.3%, at $40.28 a barrel, WTI fell 27 cents, or 0.7%, to $37.92.
Oil
2020, June, 9, 17:25:00
IRAQ IS COMMITTED OPEC+
Iraq will stick to its quota in June and July and will make further reductions later on
Oil
2020, June, 8, 13:45:00
OIL PRICE: NEAR $43
Brent was up 50 cents, or 1.2%, at $42.80 per barrel, WTI rose 31 cents, or 0.8%, to $39.86 a barrel.
Oil
2020, June, 8, 13:40:00
OPEC+ EXTENDING ADJUSTMENTS
OPEC+ agreed the option of extending the first phase of the production adjustments pertaining in May and June by one further month.
Oil
2020, June, 8, 13:35:00
SAUDI ARABIA REVENUE DOWN 20%
Saudi Arabia's total oil export revenue for Q1 was Riyal 149.95 billion, down from Riyal 192.03 billion for the same quarter the previous year.
Oil
2020, June, 8, 13:25:00
IRAQ OIL PRODUCTION 4.2 MBD
Iraq's output was well above its quota of 3.592 million b/d for May and June. as agreed under the historic production cuts of OPEC and its allies, led by Russia.
Oil
2020, June, 8, 13:20:00
GLOBAL ENERGY INVESTMENT WILL DOWN $400 BLN
The spread of the Covid-19 pandemic has upended these expectations, and 2020 is now set to see the largest decline in energy investment on record, a reduction of one-fifth – or almost USD 400 billion – in capital spending compared with 2019.
Oil
2020, June, 8, 12:50:00
LUKOIL NET LOSS RUB 46 BLN
In the first quarter of 2020, LUKOIL booked a loss attributable to shareholders in the amount of RUB 46.0 bln.
Oil
2020, June, 8, 12:45:00
WORLDWIDE RIG COUNT DOWN 338 TO 1,176
The worldwide rig count for May 2020 was 1,176, down 338 from the 1,514 counted in April 2020
Oil
2020, June, 8, 12:40:00
U.S. RIGS DOWN 17 TO 284
U.S. Rig Count is down 17 rigs from last week to 284, Canada Rig Count is up 1 rig from last week to 21
Oil
2020, June, 5, 12:45:00
OIL PRICE: ABOVE $40
Brent were up 27 cents, or 0.7%, at $40.26 a barrel, WTI rose 17 cents, or 0.5%, to $37.58 a barrel.
Oil
2020, June, 5, 12:40:00
OPEC+ MEETING: JUNE 6
A delegate-level OPEC+ technical committee, co-chaired by Saudi Arabia and Russia, is scheduled to meet June 5 to discuss market conditions and review compliance.
Oil
2020, June, 5, 12:35:00
NORD STREAM 2: THE NEW SANCTIONS
Many politicians and energy companies in Germany support Nord Stream 2
Oil
2020, June, 5, 12:15:00
NORWAY CUT INVESTMENT
Oil companies, including Norway’s state-controlled Equinor, have said they intend to reduce both operating and capital spending in order to preserve cash during the downturn.