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Calls Mount for New OPEC+ Deal as Oil Prices, Demand Slide
2020-03-27 15:00:03| OGI
Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war.
Aker BP Eyes Layoffs Amid Oil Price Crash, Coronavirus
2020-03-27 14:06:06| OGI
Aker BP, 30% owned by BP, said on March 23 it would cut its planned 2020 capital spending by 20% but kept its production guidance unchanged.
Oil, Gas Companies Stepping Up During Coronavirus Pandemic
2020-03-27 14:00:00| OGI
The following is a sampling of companies in the oil and gas industry stepping up during this COVID-19 pandemic to help make a difference including Bristow, Chevron, Petrobras plus more.
Tags: companies
gas
oil
stepping
Ten Signs the Oil Industry Is Bent Out of Shape
2020-03-27 10:10:00| OGI
The collapse in demand and of energy diplomacy between Saudi Arabia, Russia and others have triggered unprecedented responses from governments and investors. Here are ten signs of an oil industry in distress.
Tags: industry
oil
shape
signs
IEA: Global Oil Demand Could Drop 20% as 3 Billion People in Lockdown
2020-03-26 22:00:00| OGI
IEA's Fatih Birol said that, despite huge demand destruction, oil supply was nevertheless set to rise by another 3 million bbl/d as part of Saudi Arabia's market share battle with Russia.
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