Crude Oil

Business , Natural Gas , Crude Oil

E&P Business Strategies: Hedging in Tough Times

In oil and gas, the decision to not hedge has always been at producers’ own peril. Fewer E&Ps have hedges in place than in prior years, according to a survey, which suggests a difficult path through the recent price collapse.

May 27, 2020

Crude Oil , International

Russian Minister, Oil Majors Reported to Discuss Output Cut Extension

The meeting is seen as support for stabilizing oil markets.

May 27, 2020

Crude Oil

Demand Rise, Output Cuts Could Mean Oil Market Balance in June

Analysts, banks cite a return to traffic congestion around the world.

May 26, 2020

Crude Oil , International , Storage

Oil Minister: India Looks to Store Cheap Oil in US

India’s plan is similar to Australia’s.

May 26, 2020

Crude Oil , Storage

OPINION: US Oil Stocks Stabilize as Industry Adapts to Shock

Excess crude inventories are easing, with refined fuel stocks taking longer as consumption lags.

May 22, 2020

Exploration & Production , Crude Oil , Policy & Regulations

US Energy Department Continues Efforts to Help Oil Companies

Companies of all sizes have been coping with lower oil prices caused by a supply-demand imbalance fueled by the global COVID-19 pandemic.

May 21, 2020

Business , Crude Oil

Oil and Gas Investor At Closing: Looking for the ‘V-shape’

We have to bet on pent-up demand. The recovery appears to be ‘V-shaped’ in most markets. We hope to see that in the energy world as well.

May 21, 2020

Crude Oil

Ukraine’s Odessa Gets First WTI Cargo

Country has moved to diversify its supply away from Russia.

May 21, 2020

Exploration & Production , Crude Oil

OPEC Chief Says Oil Market Responding Well to Record OPEC+ Cut

OPEC, Russia and other allies, a group known as OPEC+, are cutting supply by a record 9.7 million barrels per day (MMbbl/d) from May 1 to offset a slump in prices and demand caused by the coronavirus outbreak.

May 21, 2020

Crude Oil , International

Sources: Russian Oil Output Dips Toward OPEC+ Quota Limit

Energy Ministry ordered companies to cut production by 20%.

May 20, 2020