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.

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.

Brent was trading up 65 cents, or 2.4%, at $27.80 a barrel, WTI rose to a high of $25.24 a barrel

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.

Santos notes the announcement from S&P Global Ratings (S&P) reaffirming Santos’ BBB- credit rating with stable outlook.

Brent was up by $1.38 a barrel, or 5.1%, to $28.41, WTI gained $1.54, or 6.6%, to $24.90.

nine Republican senators asked the Department of Commerce to launch an anti-dumping case against Saudi Arabia following its price war with Russia.

Средняя цена на нефть Urals за период мониторинга с 15 февраля 2020 года по 14 марта 2020 года составила $ 47,274 за баррель,

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.

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,

US oil producers are likely to be a victim of the oil-price war,

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

Aramco has pledged to supply 12.3 million b/d of crude in April and May

Демонстрируя приверженность к достижению Целей устойчивого развития ООН «Роснефть» реализует комплексную программу мер, направленных на сохранение и восстановление лесов. Дочерними обществами Компании в 2019 году было высажено около 1 миллиона саженцев.

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