Oil
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OPEC + deal hits West Siberian light oil production in Russia
US, WASHINGTON (NEWS OBSERVATORY) — The record reduction in oil production that Russia took upon itself under the new OPEC…
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OPEC+ meeting rescheduled
US, WASHINGTON (NEWS OBSERVATORY) — The OPEC + video conference was postponed from April 6 to April 9, spokesman for…
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Oil retreated after Saudi Arabia and Russia postponed their meeting
US, WASHINGTON (NEWS OBSERVATORY) — Oil prices fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss…
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Bloomberg warns of largest drop in oil demand in history
US, WASHINGTON (NEWS OBSERVATORY) — In 2020, global oil demand risks showing the largest drop in history due to coronavirus…
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Net profit of Saudi Aramco in 2019 decreased by 21%
US, WASHINGTON (NEWS OBSERVATORY) — The net profit of the world’s largest oil and gas producer Saudi Aramco in 2019…
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The real blow to the oil market is yet to come
US, WASHINGTON (NEWS OBSERVATORY) — Since the beginning of the year, almost every analyst or banking institution has made forecasts…
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US to buy large volumes of oil for reserve
US, WASHINGTON (NEWS OBSERVATORY) — US President Donald Trump said he had ordered the Secretary of Energy to purchase large…
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Oil jumped 7% on trump coronavirus claims
US, WASHINGTON (NEWS OBSERVATORY) — World oil prices accelerated growth on Friday evening, reaching more than 7% against the backdrop…
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Exclusive: US shale oil producers ask service firms for 25% minimum discounts
US, WASHINGTON (NEWS OBSERVATORY) — Shale oil producers in the United States are striving to sharply reduce service costs amid…
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Goldman Sachs expects record surplus in oil market
US, WASHINGTON (NEWS OBSERVATORY) — Goldman Sachs said the oil market could face a record surplus of about 6 million…
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