German officials signaled there won’t be a significant further easing of restrictions on public life for at least another week as data showed coronavirus infections in Europe’s biggest economy rose Continue Reading
Royal Dutch Shell PLC cut its dividend for the first time since World War II after first-quarter profit fell by nearly half as the coronavirus pandemic hit. Energy demand and Continue Reading
Norway, Europe’s largest oil producer, will cut production by 250,000 b/d in June and by 134,000 b/d in the second half of the year as part of a broad international Continue Reading
Highlights Non-LNG upstream output could fall to 1.75 mil boe/d Cuts first quarter dividend, suspends share buybacks Reports 48% slide in adjusted Q1 earnings London — Shell said Thursday that Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Wednesday amid a marginal improvement in risk appetite, though analysts said prices were likely to remain volatile in the near Continue Reading
Oil clawed back its recent heavy losses as output cuts from major producers seek to stymie an unprecedented global glut. Futures rose by almost $2 in New York to around $14 a barrel. Russian oil Continue Reading
Oil fell following wild price swings set off when a major index tracked by billions of dollars in funds said it would exit near-term contracts for fear prices may turn Continue Reading
Oil fell following wild price swings set off when a major index tracked by billions of dollars in funds said it would exit near-term contracts for fear prices may turn Continue Reading
WTI is witnessing wild price swings as U.S. producers send their crude to the Strategic Petroleum Reserve because commercial storage tanks are close to reaching capacity. Oilprice.com’s Michael Kern has Continue Reading
Global oil storage space is running low, production is not falling quickly enough, and yet last week hedge funds bought a record amount of WTI contracts, Reuters’ John Kemp said Continue Reading
