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Oil Analysts Skeptical about Saudi-Russian Deal

2020-04-03 20:35:00| OGI

Trump said April 2 he had brokered a deal between Russia and Saudia Arabia, but made no offer to reduce U.S. output, and benchmark Brent oil futures surged 21% in a record one-day rise. Here are analysts views on the deal.

Tags: deal oil analysts skeptical

 

US Oil Rig Count Sees Biggest Weekly Drop Since 2015

2020-04-03 19:31:17| OGI

Drillers cut 62 oil rigs in the week to April 3, bringing down the total count to 562, Baker Hughes Co. said in its weekly report.

Tags: count oil drop weekly

 
 

Official: Trump Does Not Plan to Ask Oil Producers for Coordinated Cuts

2020-04-03 15:43:18| OGI

Administration awaits details of output reductions from Saudi Arabia and Russia.

Tags: plan official oil cuts

 

OPEC+ Debates Biggest Ever Cut as Virus Destroys Oil Demand

2020-04-03 15:30:28| OGI

International producers are seeking cuts from US shale producers as well.

Tags: cut oil demand biggest

 

Exxon Mobil: Oil Price Fall Not Impacting Guyana Output

2020-04-03 15:01:39| OGI

Production at the offshore Liza well  is expected to reach some 120,000 barrels per day in its first phase.

Tags: price fall oil output

 

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