2 August 2021
Russia with the cover of Navy and coast guard deployed oil rig in exclusive economic zone of Ukraine (Odesa gas field in Black Sea)
Russia with the cover of Navy and coast guard deployed oil rig in exclusive economic zone of Ukraine (Odesa gas field in Black Sea)
The National Oil Corporation reports that the financial losses caused by the closure of oil fields and ports on January 17 (by Haftar's loyalists) have exceeded $ 3.65 billion dollars
1 year ago
Chevron cuts capital spending 20% to $16B. Largest reduction - $2B - is in thePermian Basin, where oil production is expected to be 20% below guidance $CVX
Confirmed: A new power outage has knocked out internet connectivity in multiple states of Venezuela as of 6:30 p.m. local time; real-time network data show impact in Tachira Mérida Barinas Trujillo; incident ongoing1 year ago
Confirmed: A new power outage has knocked out internet connectivity in multiple states of Venezuela as of 6:30 p.m. local time; real-time network data show impact in Tachira Mérida Barinas Trujillo; incident ongoing
New oil field discovered in Azerbaijan. Norway's ⁦@Equinor⁩ and Azerbaijan's ⁦@SOCARofficial⁩ confirm1 year ago
New oil field discovered in Azerbaijan. Norway's ⁦@Equinor⁩ and Azerbaijan's ⁦@SOCARofficial⁩ confirm
Oil futures in the United States closed with a drop of 24.42% to $20.37 per barrel
Oil crash. Crude has dropped 20% today
1 year ago
Oil continues to tank as Western Canada Select slides to $7.63 US, down $4.60. West Texas Intermediate drops $4.61 to $22.34 US. On the stock markets, Dow losses top 1,500 (6.9%) while TSX sheds 865 (6.8%)
1 year ago
Western Canadian Select (WCS) oil is now at around $11/barrel.
Oil plunges 9%, WTI drops under $25
Reuters: The Saudi Energy Minister announces an increase in oil exports soon to about 10 million b/d
Agreement between Libyan government and Egypt's El Sewedy Electric signed
Oil drops, Brent tumbles 10%  - Bloomberg1 year ago
Oil drops, Brent tumbles 10% - Bloomberg
1 year ago
Belarus oil company Belneftekhim: we are working on oil supplies from United States
Ukraine started to pump crude oil to Belarus via Odesa-Brody pipeline and 2nd tanker arrived in Odesa port
The vice president of the Sudanese Transitional Sovereign Council says that his country will be a mediator between Egypt and Ethiopia with the aim of reaching an agreement on the Renaissance Dam
The United States on Thursday imposed sanctions on another subsidiary of Rosneft: "TNK Trading International S.A. is another Rosneft subsidiary brokering the sale and transport of Venezuelan crude"
European stocks are still trading, and still falling. Stoxx 600 Index drops 9.6%
UAE Energy Minister regrets the collapse of OPEC+ and calls for a new agreement
UAE: ADNOC is in an excellent position to keep abreast of market changes and developments
Price war escalation continues. This time from the UAE. Abu Dhabi's Adnoc will boost crude supply to more than 4mbd. Perspective- that is more than 1mbd they pumped in February
Saudi Aramco says the government has ordered it to boost its maximum sustainable production capacity to 13 million barrels per day (from currently 12 million barrels per day). More shock-and-awe (and a pretty expensive awe too)
1 year ago
Russian stock exchange down more than 10% on opening
The SDF restarted the flow of energy products through the Manbij crossing to Turkish-controlled areas and Idlib.
Oil prices have plunged 30% to around $31 a barrel - its lowest price since 1991. Dow futures plunged more than 1,000 points
Saudi Arabia is launching the oil market equivalent of a declaration of war: plan for a big production hike, and offering discount for its crude
Egyptian Foreign Ministry: The Ethiopian Foreign Ministry statement regarding the Renaissance Dam lacks fitness and diplomacy and involves an unacceptable insult to the League of Arab States
1 year ago
The continuation of OPEC discussions in Vienna on deepening the reduction of oil production by 1.5 million barrels per day
Oil falls more than 4% as Russia defies OPEC's call for output cuts1 year ago
Oil falls more than 4% as Russia defies OPEC's call for output cuts
Economic fallout continues from a protracted blockade of Libya's vital oil fields and ports, with losses close to $2.708 billion, the national oil corporation announced, intensifying the pressure on the UN-supported government in Tripoli
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