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Lundin Energy Cuts 2020 Oil Output Goal, Raises Long-term Target

2020-05-18 15:00:45| OGI

Lundin is now targeting daily volumes of 157,000 boe/d day this year, down from a previous 160,000-170,000 boe/d.

Tags: energy target goal oil

 

The man who bought 60,000 oil and gas wells

2020-05-18 01:01:39| BBC News | Business | UK Edition

Rusty Hutson Jr is the boss of fast-growing US energy firm Diversified Gas & Oil.

Tags: man gas oil bought

 
 

Opinion: Recovering Oil Demand Could Drive Market into Deficit by July

2020-05-15 23:45:00| OGI

Similar recoveries in fuel consumption are expected at varying rates across the globe as countries gradually emerge from lockdown and are likely to push the oil market into supply deficit in the third quarter.

Tags: july market drive opinion

 

First US Crude Oil Shipment Heads to Belarus, Pompeo Says

2020-05-15 23:30:00| OGI

The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made in February, U.S. Secretary of State Mike Pompeo said.

Tags: says oil heads belarus

 

US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week

2020-05-15 19:33:14| OGI

The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker Hughes Co.

Tags: low week record count

 

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