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Saudi Arabia To Keep Oil Production At Record Rate For Coming Months

2020-03-18 18:35:50| OGI

Saudi Arabia said it will boost its crude supply in April to a record rate and its oil exports are also set to hit a new high in May.

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OPEC Backs Deepest Oil Production Cut Since 2008 Crisis

2020-03-05 15:00:00| OGI

The oil demand outlook has been pummeled by governments' steps to halt the spread of the virus, prompting OPEC to consider its deepest cut since the 2008 financial crisis.

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Chesapeake Energy 2020 Oil Production Plan Disappoints, Shares Slide

2020-02-26 21:00:00| OGI

Shale pioneer Chesapeake Energy has been shifting to higher-margin oil production in response to sliding gas prices caused by a global supply glut.

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Russia Supports Deeper Oil Production Cuts Proposed By OPEC+ Panel

2020-02-07 11:10:00| OGI

Russia supports a recommendation an OPEC+ technical panel made for a provisional cut in oil output in response to the coronavirus' impact on energy demand, Foreign Minister Sergei Lavrov says.

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Deeper OPEC+ Oil Production Cuts Await Nod From Russia, Sources Say

2020-02-06 14:20:25| OGI

An OPEC+ technical panel has recommended a provisional cut in oil output of 600,000 bbl/d in response to the coronavirus' impact on energy demand as it awaits Russia's final position.

Tags: say production sources oil

 

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