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Saudi Arabia Crude Oil Exports Rise for Second Consecutive Month
2020-10-20 11:15:00| OGI
Additionally, Saudi Arabia's crude oil output rose by 500,000 bbl/d to 8.98 million bbl/d in August, official figures showed.
OPEC Pledges Action to Support Oil Market as Demand Concerns Grow
2020-10-19 20:50:00| OGI
OPEC and allied producers on Oct. 19 pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand.
Tags: support
action
market
oil
Whats Affecting Oil Prices This Week? (Oct. 19, 2020)
2020-10-19 19:05:00| OGI
Global oil participants saw contradicting messages last week from OPEC and Russia with regards to their approach for rebalancing markets, reminiscent of what happened in early March, Stratas Advisors says in its latest oil price forecast.
Facing Wave of Closures, Oil Refiners Turn to Biofuels
2020-10-19 16:43:45| OGI
Many producers believe global oil demand will never return to pre-crisis levels.
Halliburton Posts Fourth Straight Quarterly Loss as Oil Rout Drags Demand
2020-10-19 15:17:49| OGI
Halliburton still beat analyst estimates earning 11 cents a share versus expectations of 8 cents per share.
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