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Reuters.com 06/05/2020 11:27
Russia’s energy ministry said a video conference of a group of leading oil producers, known as OPEC+, would be held on Saturday.
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WorldOil 06/04/2020 14:05
By Doug Alexander and Kevin Orland on 6/4/2020 TORONTO (Bloomberg) --Canadian banks’ exposure to oil and gas loans has surged to a record as energy firms tapped credit lines to combat plunging oil prices.
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Benzinga 06/04/2020 14:03
Oil prices have shown a sustained recovery over the last few weeks, after the industry saw WTI oil futures crash below zero, and Brent crude futures nearly touch their 20-year low.
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Seeking Alpha 06/04/2020 09:22
Since many consumers purchase oil products rather than raw crude oil, the crack spreads also serve as a real-time indicator for the demand for crude oil, which is the primary ingredient in the refining process.
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Financial Express (India) 06/04/2020 01:36
Out of the proposed strategic reserve of 6.5 MMT, India has commissioned 6.33 MMT of strategic oil reserves so far in Vishakhapatnam, Chandikhole, Padur, and Mangalore.
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Sundaily (Asia) 06/03/2020 23:17
PARIS: Falling fossil fuel demand coupled with mounting risk for investors could slash the value of oil, gas and coal reserves by two thirds, sending shock waves through the global economy, energy analysts warned Thursday. The value of projected profits for the sector could also fall by two thirds, according to a report from Carbon Tracker, a non-profit financial think tank focused on aligning capital markets with climate policy. Competition from clean technologies along with government policies to achieve climate targets and energy security are pushing the fossil fuel industry toward “terminal decline”, the study concluded. “Terminal decline starts when demand peaks,“ lead author Kingsmill Bond, Carbon Tracker’s new energy strategist, told.
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OilPrice.com 06/03/2020 13:00
Given the EIA estimate that the average recovery factor for tight oil deposits ranges from three per cent to six per cent of the initial oil in place, and using the lower the figure, Bahrain’s new oil find could yield up to 2.4 billion barrels of recoverable oil reserves ...
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Guardian (United Kingdom) 06/03/2020 09:00
However, oil production in California has declined over the past three decades, and generally the state has older, more conventional oil and gas sites than other parts of the US, and a larger number of inactive sites.
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Energy Voice 06/03/2020 02:41
The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
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Business Wire 06/02/2020 16:15
Other important factors that could cause actual results to differ materially include expenses related to the operation of the Underlying Properties, including lease operating expenses, expenses of the Trust, and reserves for anticipated future expenses.
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GlobeNewswire 06/02/2020 08:12
On our LLA-23 block, production rates over the past several months have been negatively impacted by significantly lower oil prices, in addition to well-specific issues which Arrow’s new management team intends on addressing contingent on the availability of additional capital.
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