Oil News and Headlines
- Asian shares mixed as virus worries counter recovery hopes 05/28/2020Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic.
- Permian Basin Leads Decline In U.S. Shale 05/28/2020Oil output in America’s largest shale basins is dropping quickly, and is expected to fall to a two-year low within the next couple of weeks ...
- Tank Container Shipping Market Global Insights, Trends and Huge Business Opportunities 2020 to 2025 05/28/2020The Global Tank Container Shipping Market Perspective Comprehensive Analysis along with Major Segments and Forecast 2019 2025 The Tank Container Shipping Market report is a valuable source of ...
- CNOOC will not exercise rights to buy Tullow stake in Uganda fields 05/28/2020CNOOC will not exercise its rights to buy half of Tullow Oil’s share in onshore oil fields in Uganda that the company has agreed to sell to Total. In April, Tullow said it had agreed a deal with Total ...
- Santos Completes Acquisition of Conoco Phillips’ Assets in Australia-West 05/28/2020Santos is a strong player in the Australian oil and gas industry and the Conoco Phillips’ acquisition will further strengthen its position in the regional market. The assets that are being sold have ...
- Japan jumps more than 2% as U.S.-China tensions heat up; oil prices fall 05/28/2020U.S. Secretary of State Mike Pompeo told Congress on Wednesday that Hong Kong was no longer autonomous from China, raising questions over the special administrative region's favorable trade ...
- Enerplus (ERF) – Investment Analysts’ Weekly Ratings Changes 05/28/2020Enerplus (NYSE: ERF) has recently received a number of price target changes and ratings updates: 5/27/2020 – Enerplus was downgraded by analysts at Zacks Investment Research from a “buy” rating to a ...
- Crankshaft Oil Market is Thriving Worldwide By Size, Revenue, Emerging Trends and Top Growing Companies 2029 05/28/2020Ltd: The COVID-19 explosion is now traveling around the world, this report take-up the impact of the virus on top growing companies in the crankshaft oil sector. This research report classifies as the ...
- IEA: Coronavirus 'accelerating closure' of ageing fossil-fuelled power plants 05/28/2020This year will see the largest ever drop globally in both investment and consumer spending on energy as the coronavirus pandemic hits every major sector, according to the International Energy Agency ...
- What Will Happen After The Supply Chain breaks 05/28/2020If you are paying attention to the news cycle nowadays, you can see that it moves incredibly quickly, hence writing about current events is almost impossible.
- Oil Finally a Needed Pullback towards 27-30 Zone 05/28/2020Dear Traders, Oil is making a needed pullback towards lower levels. At this point we can see a drop signalled by CAMMACD.Core. The price on Oil was accumulating at resistance clos ...
- Stocks in Focus on May 28: United Spirits, Oil India to Telecom Stocks; here are the 5 Newsmakers of the Day 05/27/2020United Spirits, Ujjivan Financial Services, Tube Investment, Quess Corp and AB Fashion are expected to remain newsmakers throughout the intraday trade session today ...
OPEC Flash News
- OPEC daily basket price stood at $29.03 a barrel Wednesday, 27 May 2020 05/27/2020
- OPEC Secretary General welcomes new Venezuelan Minister 05/26/2020Vienna, Austria, 27 May 2020--OPEC Secretary General, HE Mohammad Sanusi Barkindo, and HE Tareck El Aissami, Venezuela’s People's Minister of Petroleum, held a videoconference meeting today to welcome the minister to OPEC and discuss recent oil market developments and the upcoming June ministerial meetings.
- Energy Minister: Alberta reduces oil production by around 1 mb/d, praises OPEC+ agreement 05/26/2020Vienna, Austria, 27 May 2020--The Minister of Energy for Alberta, Canada, HE Sonya Savage, supported the OPEC+ production adjustment agreement in April to battle COVID-19 demand destruction, and added that her province has reduced oil output by about 1 mb/d due to market forces.
- Texas Railroad Commissioner: DoC adjustments bring stability to an energy market ‘in drastic need of it’ 05/25/2020Vienna, Austria, 26 May 2020--Ryan Sitton, the Texas Railroad Commissioner who urged his state to adjust oil production, has praised the ‘Declaration of Cooperation’ (DoC) participating countries for their swift efforts to stabilize the global oil market.
- Equatorial Guinea fully implements voluntary production adjustment commitments 05/17/2020Vienna, Austria, 18 May 2020--Equatorial Guinea announced that it has fully adjusted its oil production in accordance with its commitment to oil market stability and the agreements reached at the 9th and 10th (Extraordinary) OPEC and non-OPEC Ministerial Meetings held on 9 and 12 April respectively, via videoconference.
- Letter of condolence on the passing of IR Iran’s OPEC Governor 05/15/2020Vienna, Austria, 16 May 2020--OPEC Secretary General, Mohammad Sanusi Barkindo, today sent a letter of condolence to HE Eng. Bijan Namdar Zanganeh, Minister of Petroleum of the Islamic Republic of Iran, following the passing away of Hossein Kazempour Ardebili, the country’s veteran representative to the OPEC Board of Governors.
- Algeria fully implements the voluntary adjustment agreement reached in April 05/14/2020Vienna, Austria, 15 May 2020--Algeria has confirmed that it has fully adjusted its oil production as part of its commitment to oil market stability and the agreements reached at the 9th and 10th (Extraordinary) OPEC and non-OPEC Ministerial Meetings held on 9 and 12 April respectively via videoconference.
- Iraq is committed to the production adjustment agreement reached in April – Acting Oil Minister 05/13/2020Vienna, Austria, 14 May 2020--Iraq’s Minister of Finance and Acting Oil Minister, Dr Ali Alawi, emphasised in a statement Iraq’s commitment to the voluntary production adjustment agreement reached at the 9th and 10th (Extraordinary) OPEC and non-OPEC Ministerial Meetings held on 9 and 12 April respectively via videoconference.
- Energy Ministers of Saudi Arabia and the Russian Federation discuss oil market developments 05/12/2020Vienna, Austria, 13 May 2020--HRH Prince Abdul Aziz Bin Salman, Minister of Energy of the Kingdom of Saudi Arabia, and HE Alexander Novak, Minister of Energy of the Russian Federation, held a phone call as part of their regular consultations on oil market developments and issued a joint statement.
- OPEC President calls for full implementation of production adjustment agreement reached in April 04/30/2020Vienna, Austria, 1 May 2020--HE Mohamed Arkab, Algeria’s Minister of Energy and President of the OPEC Conference, has called on OPEC Members and non-OPEC oil producing countries participating in the Declaration of Cooperation to fully implement the agreements reached at the 9th and 10th (Extraordinary) OPEC and non-OPEC Ministerial Meetings held on 9 and 12 […]