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Tag: oil
BP to cut 10,000 jobs as virus hits demand for oil
2020-06-08 15:29:13| BBC News | Business | UK Edition
The oil giant plans to slash around 15% of its workforce in response coronavirus crisis.
Analysts: Oil Price Rally to Continue as OPEC+ Extends Output Cuts
2020-06-08 04:00:00| OGI
Following the deal, oil prices will continue rallying throughout the month of June, averaging at around $43/bbl for Brent and $30/bbl for WTI, analyst says.
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Chevron Oil Cargo Tangled in US Sanctions on Venezuela
2020-06-05 20:30:00| OGI
A Chevron Corp. crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed.
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US Oil, Gas Rig Count Falls to Record Low for Fifth Consecutive Week
2020-06-05 19:31:21| OGI
The U.S. oil and gas rig count fell by 17, or 6%, to an all-time low of 284, according to data from Baker Hughes Co.
How to Identify Profitable Wells at $30 Oil
2020-06-05 15:00:00| OGI
With the uncertainty caused by COVID-19, the decision by oil and gas operators to bring back a shut-in well will require a heightened level of analysis.
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