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Oil Major BP Plans to Cut 10,000 Jobs

2020-06-08 15:30:00| OGI

London-based BP eyes 15% reduction in workforce as COVID-19 accelerates broad strategic shift.

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OPEC Delivers Three-quarters of Record Oil Cut in May

2020-05-29 15:51:54| OGI

On average, the 13-member OPEC pumped 24.77 million barrels per day (MMbbl/d) this month, the survey found, down 5.91 MMbbl/d from Aprils revised figure.

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Russian Minister, Oil Majors Reported to Discuss Output Cut Extension

2020-05-27 15:51:54| OGI

The meeting is seen as support for stabilizing oil markets.

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IHS Markit: global oil production now expected to be cut by as much as 17 MMb/d in Q2 2020; the Great Shut-In

2020-05-09 11:56:11| Green Car Congress

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US Drillers Cut Oil, Gas Rigs to Historic Low

2020-05-08 19:33:56| OGI

The rig count, an early indicator of future output, fell by 34 to a record low of 374 in the week to May 8, according to data from energy services firm Baker Hughes Co. going back to 1940.

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