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IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence

2021-01-19 17:05:00| OGI

The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.

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OPEC Cuts 2021 Oil Demand Outlook Again Citing Pandemic Impact

2020-12-14 19:00:00| OGI

The prospect of a weaker demand recovery has already prompted OPEC and its allies, a group known as OPEC+, to slow the pace of its scheduled oil-output boost in 2021.

Tags: impact oil demand outlook

 
 

Shale Producer Cabot Cuts Production Outlook on Weak Gas Prices

2020-10-08 01:44:22| OGI

"We remain optimistic about the improving natural gas supply and demand outlook heading into 2021," Cabot Oil & Gas CEO Dan Dinges says.

Tags: prices production gas weak

 

Telenor cuts FY outlook as underlying revenues turn lower in Q2

2020-07-16 09:19:00| Telecompaper Headlines

(Telecompaper) Telenor has lowered its outlook for full-year results, after the Covid-19 outbreak led to a slowdown in the second quarter. Organic growth in subscription and traffic revenues turned negative in the quarter, down 3.6 percent, and Telenor now expects a low single-digit decline over the full year. Cost reductions helped the company lift EBITDA in the quarter, and Telenor targets a stable result in the full year. 

Tags: in turn lower underlying

 

Colombia Cuts National Oil Production Outlook for 2020

2020-04-30 19:54:16| OGI

If Brent oil prices hit about $35 per barrel national, oil output could average around 850,000 barrels per day, down from a previous forecast of 900,000 barrels, Colombia's energy leaders said.

Tags: national production oil colombia

 

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