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| 1. News on Oil Prices | |
 | 10 April 2020 : Crude prices slide as 10 million b/d OPEC+ cut fails to... {spglobal.com} |
| Crude futures fell Thursday as an emergency OPEC+ group meeting resulted in a production cut agreement that was likely too limited . . . | |
| | 10 April 2020 : Bosnian region cuts Q2 industrial gas prices by 6.5% {Reuters} |
| BH Gas, the main gas distributor in Bosnias autonomous Bosniak-Croat Federation, will cut wholesale gas prices for industrial consumers . . . | |
| | 10 April 2020 : P.E.I. gas prices increase April 10 for first time since February {theguardian.pe.ca} |
| Gas prices took a hike overnight for the first time since February, in the Island Regulatory and Appeals Commissions latest update . . . | |
| | 10 April 2020 : Gas prices up slightly in N.L. for first time in 6 weeks {cbc.ca} |
| As of Thursday, the maximum price per litre is 1.6 cents more expensive across Newfoundland and Labrador, as per the overnight . . . | |
| | 10 April 2020 : Average gas price in San Diego County falls just below $3 {fox5sandiego.com} |
| The average price of a gallon of gas in San Diego County dropped to its lowest amount since Aug. 9, 2017, Thursday, decreasing 1.2 cents to $2.965 . . . | |
| | 10 April 2020 : Crude oil futures rise on positive overseas cues {Economic Times} |
| Crude oil prices on Thursday rose Rs 151 to Rs 2,045 per barrel as participants widened their positions in line with a positive trend overseas . . . | |
| | 9 April 2020 : AAA: Local gas prices drop below $2 per gallon {timesleader.com} |
| AAA Mid-Atlantic says local prices have been dropping steadily since early March Wednesdays regional gas prices averages are between 90 cents . . . | |
| | 9 April 2020 : The decline in Delaware gas prices shows signs of slowing {delawareonline.com} |
| Nationally, the gas price average dropped to $1.91 a gallon on Tuesday and AAA expects itll go to $1.75, with several East Coast states reaching $1.99 by May . . . | |
| | 9 April 2020 : Gas prices fall to as low as 98 cents in Milwaukee area... {jsonline.com} |
| Gas prices are dropping as low as 98 cents per gallon in the Milwaukee area as people spend less time driving during the coronavirus pandemic . . . | |
| | 9 April 2020 : EIA forecasts Brent crude oil prices to average $33 in 2020 {Economic Times} |
| U.S. Energy Information Administration has projected Brent crude prices to average $33 per barrel in 2020, down from $43 per barrel forecasted earlier . . . | |
| More news on Oil Prices | ^Jump to the top^ | |
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| 2. Rig News | |||||||||
| | 10 April 2020 : Noble cold stacks two floaters, retires jackup {offshore-mag.com} | ||||||||
| The drilling contractor has cold stacked the drillship Noble Bully II and the semisubmersible Noble Paul Romano . . . | |||||||||
| | 10 April 2020 : Transocean taking precautions as Covid-19 confirmed on rig {energyvoice.com} | ||||||||
| Transocean has said it is taking precautions after two crew members tested positive for Covid-19 on one of its rigs offshore UK . . . | |||||||||
| | 10 April 2020 : US oil, gas rig count plummets 80 rigs to 641 on the week... {spglobal.com} | ||||||||
| The US oil and natural gas rig count fell by 80 to 641 over the past week, the biggest decline in more than five years . . . | |||||||||
| | 9 April 2020 : Oil rig workers hit with one-two punch of coronavirus... {nbcnews.com} | ||||||||
| Wes Bracken began his goodbyes to his co-workers a few days before finishing his three-week shift in mid-March on BPs Thunder Horse . . . | |||||||||
| | 9 April 2020 : ConocoPhillips shuts down North Slope drilling over coronavirus... {alaskapublic.org} | ||||||||
| Oil giant ConocoPhillips announced Wednesday that its shutting down its drill rigs on the remote North Slope oil fields . . . | |||||||||
| | 8 April 2020 : Government admits BP drilling permit process was unlawful {ekklesia.co.uk} | ||||||||
| The government admits it acted unlawfully in granting BP’s permit to drill for new oil in the North Sea, a Greenpeace legal challenge reveals . . . | |||||||||
| | 8 April 2020 : U.S. rig count could collapse by 65% {oilprice.com} | ||||||||
| Due to the combined global effect of the Covid-19 pandemic and the ongoing oil price war, the American oil and gas industry is stepping heavily . . . | |||||||||
| | 7 April 2020 : RockRose advancing abandonment program for North Sea Brae area {offshore-mag.com} | ||||||||
| RockRose Energy will look to cut its previously announced capex for its North Sea fields this year by at least $80 million . . . | |||||||||
| | 7 April 2020 : US rig count drops by 64 from previous week; Texas dropped 30 {cbs7.com} | ||||||||
| The U.S. rig count is down 64 rigs from the previous week to 664, with oil rigs down 62 to 562, gas rigs down two at 100 . . . | |||||||||
| | 7 April 2020 : Oil drillers remove rigs from Permian Basin & Eagle Ford {finance.yahoo.com} | ||||||||
| Baker Hughes data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry . . . | |||||||||
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| 3. News on Oil Exploration | |
| | 10 April 2020 : China discovers 100 million tons of oil on Uyghur Land {abc14news.com} |
| Chinese condition media on Thursday introduced the discovery of a significant oilfield in Tarim Basin, found in the Xinjiang Uyghur Autonomous Location . . . | |
| | 10 April 2020 : NPD monitoring impact of offshore Norway cutbacks {offshore-mag.com} |
| Exploration offshore Norway has contracted following recent global developments, according to the Norwegian Petroleum Directorate (NPD) . . . | |
| | 10 April 2020 : Geothermal energy exploration drilling in Uganda... {hydrogenfuelnews.com} |
| Geothermal energy exploration drilling in Uganda has finally started. Planning first started last year, with the decision receiving approval last December . . . | |
| | 10 April 2020 : OMV exit signals end of offshore oil exploration in NZ {waateanews.com} |
| Austrian oil giant OMV has announced today that its indefinitely postponing its last remaining oil and gas exploration plans in the Taranaki Basin . . . | |
| | 10 April 2020 : SOCAR, Total discuss development of Absheron gas field... {azernews.az} |
| The State Oil Company of Azerbaijan and French company TOTAL have discussed development of the Aghseron gas field . . . | |
| | 10 April 2020 : Chariot sees more gas upside in Anchois discovery... {offshore-mag.com} |
| It now plans to build a Moroccan gas business through delivery of the offshore Anchois gas development. The project, the company said . . . | |
| | 10 April 2020 : Small oil firm reports huge Alaska oil discovery {oilprice.com} |
| UK-based oil exploration firm Pantheon Resources believes it has a huge 1.8-billion-barrel oil discovery in Alaska after evaluating an old exploration well . . . | |
| | 9 April 2020 : Uncertainty over fossil fuel exploration after OMVs Maui-8 decision {rnz.co.nz} |
| The future of offshore oil and gas exploration in New Zealand in doubt after OMV announced today it is postponing drilling its Maui-8 exploration well . . . | |
| | 9 April 2020 : 88 Energy drilling program misses oil, hits condensates {alaskajournal.com} |
| A small Australian explorer is reporting mixed initial results from an exploration well drilled last month in an area south of the largest North Slope oil fields . . . | |
| | 9 April 2020 : Key offshore wildcat wells at risk of being suspended {oedigital.com} |
| At least nine of the worlds top planned exploration wells for 2020 are at risk of being suspended as a result of the blended impact of COVID-19 . . . | |
| More news on Oil Exploration | ^Jump to the top^ | |
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| 4. News on Oil Demand and Oil Consumption | |
| | 10 April 2020 : Indonesias fuel demand drops amid concerns of tighter... {spglobal.com} |
| Indonesias daily consumption of transport fuels like gasoline dropped nearly 16% since work-from-home guidelines were introduced in mid-March . . . | |
| | 10 April 2020 : French gas demand dives 25% due to lockdown... {montelnews.com} |
| French gas demand has dived by a quarter since mid-March amid the economic slowdown caused by the coronavirus lockdown . . . | |
| | 10 April 2020 : Covid-19 impact: Indias petroleum consumption... {Economic Times} |
| The ongoing measures in India to arrest the spread of Covid-19 has severely dented the consumption of fuel in the country . . . | |
| | 8 April 2020 : US EIA makes deeper cuts to short-term gas output, consumption... {spglobal.com} |
| Factoring in further impacts of the coronavirus pandemic and the global crude oil price standoff, the US Energy Information Administration Tuesday . . . | |
| More Oil Demand News | More Oil Consumption News | ^Jump to the top^ | |
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| 5. News on Oil Output | ||||||||
| | 10 April 2020 : US may cut oil production by over 1.7mln bpd in 2020... {urdupoint.com} | |||||||
| The United States may cut its oil production by more than 1.7 million barrels per day already this year, the Russian Direct Investment Funds . . . | ||||||||
| | 10 April 2020 : Russias Novatek says Q1 natural gas production up 2.2% y/y {Reuters} | |||||||
| Russian gas producer Novatek increased its gas production in the first quarter by 2.2% year on year to 19.1 billion cubic metres . . . | ||||||||
| | 10 April 2020 : EIA revises down forecasts for Azerbaijans oil output {azernews.az} | |||||||
| Azerbaijans petroleum and other liquids production will stand at 0.75 million barrels per day in 2020, as compared to 0.79 million barrels per day in 2019 . . . | ||||||||
| | 10 April 2020 : Mexico rejects global plan to cut oil production {oilprice.com} | |||||||
| The deadly price war and coronavirus cocktail that threw most of the global industry into a panic seems to have missed one of the large national players . . . | ||||||||
| | 10 April 2020 : Oil producers agree to cut production by a fifth {bbc.com} | |||||||
| Opec producers and allies have agreed to cut output by more than a fifth to counter the slump in demand caused by coronavirus lockdowns . . . | ||||||||
| | 9 April 2020 : Exxon Mobil opposes Texas production cuts... {Reuters} | |||||||
| The largest U.S. oil producer Exxon Mobil Corp on Wednesday said it opposes Texas energy regulators mandating any oil production cuts . . . | ||||||||
| | 9 April 2020 : ND oil production slumps from coronavirus crisis, price war {grandforksherald.com} | |||||||
| Production in North Dakotas Oil Patch has slumped by an estimated 175,000 barrels daily down from 1.4 million barrels daily . . . | ||||||||
| | 9 April 2020 : Repsol Q1 upstream production slips 3% on quarter to... {spglobal.com} | |||||||
| Spanish integrated energy group Repsols upstream oil and gas production in the first quarter of 2020 fell 3% from the previous quarter to 710,000 b/d . . . | ||||||||
| | 9 April 2020 : Russia, Saudi to debate oil output cuts as U.S. resists joining {Reuters} | |||||||
| OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address the slump in prices . . . | ||||||||
| | 9 April 2020 : Canadas biggest oil driller backs global production cut {oilprice.com} | |||||||
| Canadas largest oil producer, Canadian Natural Resources, is ready to back a potential pledge by Canadas federal government for a production cut . . . | ||||||||
| More Oil Output News | ^Jump to the top^ | ||||||||
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| 6. News on Oil Transportation | |
| | 10 April 2020 : Indian Oil to import more LPG to meet additional demand {thehindubusinessline.com} |
| The company will be importing about 50 per cent more LPG to ensure uninterrupted availability of bulk LPG for its bottling plants . . . | |
| | 9 April 2020 : South Koreas KOGAS asks for LNG cargo delays as demand tanks... {Reuters} |
| State-run Korea Gas Corp, South Koreas top buyer of liquefied natural gas, has asked for some cargo deliveries to be deferred, four industry sources said . . . | |
| | 9 April 2020 : Indias LNG imports jumped 68 per cent in Feb as... {Economic Times} |
| Indias Liquefied Natural Gas imports jumped 68 per cent to 3,453 Million Standard Cubic Meter in February this year . . . | |
| | 9 April 2020 : Ecuador halts crude pipelines due to landslide, says exports... {Reuters} |
| Ecuador halted operations of its two crude oil pipelines due to a landslide late on Tuesday in the countrys Amazon region . . . | |
| | 8 April 2020 : Ukraine only needs 2-3 bcm of gas to fill storage for 2020/21... {Economic Times} |
| Ukraine needs only an additional 2-3 billion cubic meters of natural gas for storage for the next heating season . . . | |
| | 8 April 2020 : Russia ponders gasoline import ban to protect home market... {Reuters} |
| Russia is considering a six-month ban on gasoline imports to protect its market from a possible flood of cheap fuel, two government sources said on Tuesday . . . | |
| | 7 April 2020 : Algerias Sonatrach hooks up new southwestern gas pipeline... {spglobal.com} |
| Algerias state-owned Sonatrach has completed the construction of a gas pipeline to link new fields in the southwest of the country . . . | |
| | 7 April 2020 : EBRD may lend 244 mln euros to Kazakh pipeline firm Kaztransgas {Economic Times} |
| The European Bank for Reconstruction and Development is considering extending the equivalent of $244 million in loans to two units . . . | |
| | 6 April 2020 : Norwegian gas exports to UK fall sharply as demand slumps {hellenicshippingnews.com} |
| Pipeline gas flows from Norway to Britain fell 44% on Friday from the start of the week as the summer gas season starts and coronavirus lockdowns continue . . . | |
| | 5 April 2020 : Yemens Saudi-aligned government says Houthis attacked oil pipeline... {kfgo.com} |
| The oil ministry of the internationally-recognized, Saudi-aligned government in Yemen said on Sunday the Iran-aligned . . . | |
| More Oil Transportation News | ^Jump to the top^ | |
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| 7. News on Oil companies | |
| | 10 April 2020 : Russias Gazprom expects EU gas market to recover from Q3... {Economic Times} |
| Gazprom expects European gas demand, dented by the coronavirus crisis, to start recovering from the third quarter . . . | |
| | 9 April 2020 : Chinas CNOOC group to trim 2020 investment by up to 15% {hellenicshippingnews.com} |
| China National Offshore Oil Corp will trim annual investment by 10% to 15% in 2020, while maintaining its goal of increasing domestic crude oil . . . | |
| | 9 April 2020 : Marathon Oil deepens spending cuts on oil price rout {business.financialpost.com} |
| Marathon Oil Corp on Wednesday cut its capital expenditure for the second time in a month, as crude oil prices hover around $30s per barrel . . . | |
| | 3 April 2020 : ONGC to lose Rs 4,000 cr on new gas price; seeks freeing of gas... {deccanherald.com} |
| State-owned Oil and Natural Gas Corp will lose about Rs 4,000 crore in revenue and start making cash losses . . . | |
| | 2 April 2020 : Imperial Oil cutting spending plans for 2020 by $1 billion {jwnenergy.com} |
| Imperial Oil Limited is reducing its spending for this year by $1 billion, including a $500-million cut to its capital spending plan . . . | |
| | 2 April 2020 : BP cuts spending by quarter, lowers U.S. shale output {Reuters} |
| BP on Wednesday cut its 2020 spending plans by 25% and will reduce output from its U.S. shale oil and gas business in the face of the collapse in oil prices . . . | |
| | 1 April 2020 : Shell secures £10bn loan facility as it warns over £650m hit... {theguardian.com} |
| Royal Dutch Shell has secured a $12bn loan facility to protect its shareholder payouts against an oil price crisis . . . | |
| | 30 March 2020 : Chinas oil giant reports higher revenue, lower profits in 2019 {xinhuanet.com} |
| PetroChina, Chinas largest oil and gas producer, reported expansion in revenue in 2019, while its net profit saw a remarkable drop . . . | |
| | 30 March 2020 : Sinopec 2019 net profit fell 8.7% on lower oil prices {morningstar.com} |
| China Petroleum & Chemical Corp., better known as Sinopec, said its net profit fell 8.7% in 2019 partly due to a decrease in petroleum products prices . . . | |
| | 28 March 2020 : Energy trader Vitols oil volumes rose 8% in 2019 {Reuters} |
| Global energy trader Vitol said on Friday its 2019 revenues were $225 billion and its traded oil and refined products volumes rose by 8% . . . | |
| More news on oil companies | ^Jump to the top^ | |
| 8. Oil Contracts | |
| | 10 April 2020 : APC signs agreement with SK Gas to build two new... {meconstructionnews.com} |
| License agreements have also been signed with several firms for the procurement of necessary technology at the plants . . . | |
| | 10 April 2020 : US Well Services concludes electric fracturing contract... {hydrocarbons-technology.com} |
| Well stimulation and development services provider US Well Services has executed a long-term contract to provide electric hydraulic fracturing services . . . | |
| | 9 April 2020 : Oil price swings snuff out energy deals by private equity firms {penews.com} |
| Bargain-hunting firms with capital may have to wait as much as six months for prices to settle, experts suggest, but the situation has opened up opportunities . . . | |
| | 8 April 2020 : MISC bags long-term charter contracts from Total SA {nst.com.my} |
| MISC Bhds subsidiary AET Tanker Holdings Sdn Bhd has bagged long-term charter contracts from Chartering and Shipping Services SA, a unit of Total SA . . . | |
| | 6 April 2020 : Iraq oil minister says new oil deal needs support from key oil producers... {zawya.com} |
| Iraqs oil minister is optimistic about reaching a new deal among producers to reduce oil output after phone calls with some of his OPEC+ counterparts . . . | |
| | 5 April 2020 : China prepares to close oil deal of a lifetime in Iraq {oilprice.com} |
| Over the past week or so, China has eased quarantine measures in Wuhan – the city in which the global coronavirus . . . | |
| | 4 April 2020 : US oil and gas industry sees 28.2% drop in deal activity {hydrocarbonengineering.com} |
| The US oil and gas industry saw a drop of 28.2% in overall deal activity during February 2020, when compared with the last 12-month average . . . | |
| | 3 April 2020 : Tunisia and Algeria to sign a 10 year gas supply deal {constructionreviewonline.com} |
| Tunisia and Algeria are to sign a 10 year gas supply deal according to the governments of Tunisia and Algeria represented by their respective Energy . . . | |
| | 3 April 2020 : Morocco: Tendrara Gas Sale Agreement postponed due to... {aawsat.com} |
| British gas company Sound Energy PLC has announced requesting Moroccos National Office of Electricity and Drinking Water to postpone signing . . . | |
| | 2 April 2020 : Yinsons FPSO contract in Ghana terminated {themalaysianreserve.com} |
| The lower crude oil prices and Covid-19 pandemic have started to impact upstream projects with Yinson Holdings Bhd announcing . . . | |
| More news on oil contracts | ^Jump to the top^ | |
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| 9. News on Oil stocks | |
| | 10 April 2020 : Delay to Rovuma LNG latest setback for Mozambique LNG sector {spglobal.com} |
| The decision this week by US major ExxonMobil to delay the final investment decision on the Rovuma LNG project in Mozambique . . . | |
| | 9 April 2020 : Total pays USD 484m for stake in Indian solar JV with Adani Green {renewablesnow.com} |
| French oil and gas group Total SA has officially invested INR 37.07 billion to get a 50% stake in an equally-owned solar power joint venture . . . | |
| | 9 April 2020 : KrisEnergy sells 30% stake in Indonesia exploration block... {businesstimes.com.sg} |
| The upstream oil and gas company previously held a 30 per cent non-operated working interest in the PSC in the Malacca Strait, Indonesia . . . | |
| | 9 April 2020 : Saudi fund takes stakes in European oil companies {marketwatch.com} |
| Saudi Arabias sovereign-wealth fund has amassed stakes worth roughly $1 billion in four major European oil companies . . . | |
| | 8 April 2020 : Bulgarias Armeec lowers stake in oil and gas exploration and production {seenews.com} |
| Bulgarias Oil and Gas Exploration and Production said on Tuesday that local insurer Armeec has decreased its stake . . . | |
| | 7 April 2020 : Exclusive: Qatar Petroleum not scaling down LNG expansion... {Reuters} |
| Qatar Petroleum will postpone the start of production from its new gas facilities to 2025 due to a delay in the bidding process . . . | |
| | 6 April 2020 : GSPC begins process to sell stake in 7 onshore blocks {Times of India} |
| Gujarat State Petroleum Corp (GSPC) has finalized four private firms, including one foreign entity, for offloading its stake . . . | |
| | 4 April 2020 : Oil billionaire Dan Wilks acquiring stakes in hard-hit U.S. service firms {Reuters} |
| Oil billionaire Dan Wilks this week took a large stake in a struggling U.S. shale fracking company days after his Wilks Brothers investment group took . . . | |
| | 3 April 2020 : TAIPED to sell stakes in four regional ports {ekathimerini.com} |
| Greece plans to sell majority stakes in four ports as part of a privatization plan agreed with its lenders after the country exited the bailouts in 2018 . . . | |
| | 2 April 2020 : Greece to sell majority stakes in four ports... {hellenicshippingnews.com} |
| Greece plans to sell majority stakes in four ports as part of a privatisation plan agreed with its lenders after the country exited the bailouts in 2018 . . . | |
| More news on oil stocks | ^Jump to the top^ | |
FPSO For Long Term Time Charter |
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| 10. News on Oil Pollution | |
| | 10 April 2020 : Coleman Oil settles with EPA over spill in river {wenatcheeworld.com} |
| Coleman Oil Co. has settled two lawsuits with the federal government over a 2017 biodiesel spill in the Columbia River . . . | |
| | 10 April 2020 : Ecuador scrambles to contain oil spill in Amazon region {Reuters} |
| Ecuadorean authorities on Thursday were scrambling to limit the environmental impact of a crude oil spill in the countrys Amazon region . . . | |
| | 9 April 2020 : Small oil spill reported at facility near Lompoc {ksby.com} |
| Emergency crews were called to an oil production facility in the Lompoc area Wednesday morning for a small oil spill . . . | |
| | 8 April 2020 : $24 million awarded to four local coastal restoration projects {fox10tv.com} |
| According to the governor, the projects were developed by state and federal resource agencies and are designed to remedy harm caused by the 2010 oil spill . . . | |
| | 8 April 2020 : Gulf oil spill still affecting wildlife, group says {houmatoday.com} |
| A decade after the nations worst offshore oil spill, dolphins, turtles and other wildlife in the Gulf of Mexico are still seriously at risk . . . | |
| | 7 April 2020 : Work starts on disputed Keystone XL oil pipeline {ctvnews.ca} |
| A Canadian company said Monday that its started construction on the long-stalled Keystone XL oil sands pipeline across the U.S.-Canada border . . . | |
| | 7 April 2020 : Cleanup complete at scene of oil tanker crash in... {kclu.org} |
| Crews have completed cleanup at the site of a tanker truck crash in Santa Barbara County which spilled 4500 gallons of crude oil . . . | |
| | 6 April 2020 : Cargo vessel accident dumps 600 gallons of oil in Galapagos Islands {gruntstuff.com} |
| The center-pounding caught-on-camera spill off the coast of Ecuador occurred Sunday morning when a crane loading a diesel container . . . | |
| | 4 April 2020 : Texas oil company to pay $115,000 civil penalty to resolve... {hazmatmag.com} |
| The U.S. Environmental Protection Agency recently announced a proposed settlement with Citation Oil & Gas Corp. of Houston . . . | |
| | 3 April 2020 : Brine spills at McKenzie County well site {bismarcktribune.com} |
| A tank at an oil well site in McKenzie County leaked brine Wednesday, according to the North Dakota Oil and Gas Division . . . | |
| More Oil Pollution news | ^Jump to the top^ | |
| 11. OPEC News | |
| | 10 April 2020 : OPEC, allies to cut oil by 10m bbl/day for two months... {icis.com} |
| OPEC and its allies agreed on Thursday to cut oil production by 10m bbl/day for a two months, according to the American Petroleum Institute . . . | |
| | 10 April 2020 : Opec and Russia agree to cut oil output in bid to prop up prices {theguardian.com} |
| Opec and its allies led by Russia agreed on Thursday to cut their oil output by more than a fifth and said they expected the United States . . . | |
| | 10 April 2020 : OPEC+ deal wont solve the oil storage crisis {oilprice.com} |
| It was going to be a reasonably good year for oil. OPEC+ would continue to keep a lid on production to keep prices above dangerous levels . . . | |
| | 9 April 2020 : AEC urges organisations of OPEC to reach deal {businessghana.com} |
| OPEC and OPEC+ are set to meet in Vienna on Thursday, April 9th, to try to reach a deal on ending the current oil prices war . . . | |
| | 8 April 2020 : OPEC daily basket price stood at $23.48 a barrel Monday {wam.ae} |
| The price of OPEC basket of thirteen crudes stood at $23.48 a barrel on Monday, 6th April, 2020, compared with $23.01 the previous Friday . . . | |
| | 8 April 2020 : OPEC+ set to agree 4.3 mln bpd in output cuts: JP Morgan {Economic Times} |
| OPEC and Russia this week are likely to agree to cut oil output by about 4.3 million barrels per day, JP Morgan analysts said in a note on Tuesday . . . | |
| | 8 April 2020 : OPEC nations face credit downgrades as crisis drags on {oilprice.com} |
| The coronavirus pandemic and the oil price collapse are rapidly deteriorating the sovereign rating outlook--with more multi-notch downgrades on the way . . . | |
| | 7 April 2020 : Norway considers attending OPEC meeting on April 9 -oil ministry {Reuters} |
| Norway was invited to and is considering attending the OPEC meeting on April 9 as an observer, if there is a broad participation, the country’s oil ministry said on Monday . . . | |
| | 6 April 2020 : OPEC-Russia meeting delayed until April 9 amid turmoil... {cnnphilippines.com} |
| OPEC and Russia have postponed a meeting set for Monday to discuss supply cuts and ending a brutal price war . . . | |
| | 6 April 2020 : OPECs plan to take over the global oil industry {oilprice.com} |
| The first three months of 2020 have shocked the global energy market to its foundations. The toxic mix of coronavirus . . . | |
| More OPEC News | ^Jump to the top^ | |
| 12. General Oil News | |
| | 10 April 2020 : JPMorgan to dump loans of Gulf oil producers {oilprice.com} |
| JPMorgan has recently tried to sell at a discount loans it holds of the sovereign wealth funds of the two major oil producers in the Gulf . . . | |
| | 9 April 2020 : BP issues force majeure to Golar over Tortue Ahmeyim... {Economic Times} |
| Golar LNG Ltd said on Tuesday it received a force majeure notice from a BP unit seeking to delay by a year receipt of a floating liquefied natural gas facility . . . | |
| | 7 April 2020 : Azerbaijans oil-gas revenues hit $1.8 billion in 2020 {azernews.az} |
| In the first quarter of 2020, the revenues of the State Oil Fund of the Republic of Azerbaijan amounted to $2 billion 219 million . . . | |
| | 7 April 2020 : EPA wins case to stall exit of oil industry vessel from Tui field... {stuff.co.nz} |
| An oil industry vessel left holding the pipes when another company went bust, cannot cap the pipes and lay them on the sea floor . . . | |
| | 7 April 2020 : Iraq site of US oil company Halliburton targeted by rockets {middleeasteye.net} |
| Rockets landed near a district that houses foreign workers in Iraqs oil industry early on Monday, but caused no damage or casualties . . . | |
| | 6 April 2020 : North Sea oil faces crisis {oilprice.com} |
| Oil and gas production in the North Sea became viable due to the 1973 oil crisis. The Arab-Israeli conflict caused a serious disruption that led to skyrocketing prices . . . | |
| | 6 April 2020 : Big oil raises debt to ride out price crash {oilprice.com} |
| As prices crashed, the supermajors resorted to one of the last tools they have before starting to potentially consider the painful idea of cutting dividends . . . | |
| | 5 April 2020 : Trump signals possible tariffs on oil imports amid low prices {daijiworld.com} |
| US President Donald Trump said that he would impose tariffs on oil imports to protect the American energy sector if necessary, showing . . . | |
| | 3 April 2020 : Feature: Unfettered global natural gas market... {spglobal.com} |
| Unless a deal is brokered between the worlds biggest oil producers in the near future, the global oil market may start to look a lot more like its gas equivalent . . . | |
| | 3 April 2020 : $5 crude could put Canadas oil sands out of business {oilprice.com} |
| Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canadas oil patch . . . | |
| More General Oil News | ^Jump to the top^ | |
| 13. News on Biofuels | |
| | 10 April 2020 : Brazils CJ Selecta plans to open first ethanol mill despite... {Reuters} |
| Brazilian soy crusher CJ Selecta will push ahead with building its first ethanol mill by years end, as others in the market steer away from the biofuel . . . | |
| | 10 April 2020 : USDA cuts corn for ethanol demand forecast {icis.com} |
| As fuel ethanol demand plummets due to the coronavirus, the US Department of Agriculture (USDA) has lowered its forecasted demand . . . | |
| | 10 April 2020 : Granite Falls Energy extends annual shutdown, considers idling {ethanolproducer.com} |
| Granite Falls Energy LLC filed an 8-K with the U.S. Securities and Exchange Commission on April 9 announcing it will extend the regularly scheduled annual shutdown . . . | |
| | 10 April 2020 : USGC solicits applications for Ethanol A-Team {ethanolproducer.com} |
| The U.S. Grains Council is soliciting applications for seven advisory teams (A-Teams), including the Ethanol A-Team . . . | |
| | 9 April 2020 : Clariant begins monthly production of 2 million litres of disinfectant... {biofuels-news.com} |
| A chemical company has announced it has started monthly production of 2 million litres of disinfectant at its facilities in Germany . . . | |
| | 9 April 2020 : Feature: Center-South Brazil ethanol imports hit highest level... {spglobal.com} |
| Center-South Brazil is the countrys largest ethanol producing region and therefore it is unusual to see imported cargoes arriving at regional ports . . . | |
| | 9 April 2020 : Ethanol plants continue to help produce hand sanitizer {ethanolproducer.com} |
| More ethanol plants are helping combat the COVID-19 pandemic by aiding in the production of hand sanitizer and other disinfecting products . . . | |
| | 9 April 2020 : Weekly ethanol production falls by 20%, stocks set another record {ethanolproducer.com} |
| U.S. fuel ethanol production fell 20 percent the week ending April 3 to an average of 672,000 barrels per day, the lowest . . . | |
| | 9 April 2020 : Brazilian Center-South hydrous ethanol prices rally on stock... {spglobal.com} |
| Hydrous ethanol prices in Brazils key Center-South region continued Wednesday its third consecutive positive day . . . | |
| | 8 April 2020 : Poet idles ethanol plants; Corn farmers lose home for 110 million... {agriculture.com} |
| POET, Inc., the worlds largest ethanol producer, will idle production at its bio-processing facilities in Ashton and Coon Rapids, Iowa . . . | |
| More Biofuels News | ^Jump to the top^ | |
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