The countries following Saudi Arabia’s lead, cutting prices for April crude sales
Author Archives: Staff Writer
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
UAE energy minister says new OPEC+ agreement key to balance market
He is “disappointed” about the failure to reach an agreement
Saudi oil price war unlikely to have quick end, says GlobalData
The price drop will impact US shale producers and potentially Russia’s government
Energy ministry instructs Aramco to increase capacity to 13mbpd in April
Saudi Arabia has switched courses after Russia refused to agree to further output cuts
ADNOC could increase supply to over 4 million barrels per day in April
ADNOC Group CEO Dr. Sultan Al Jaber noted that the company would accelerate its 5 million barrel per day capacity target
Saudi Aramco to produce 12.3 million barrels per day in April
After Russia refused deeper output cuts, Saudi Arabia responded by cutting its oil prices and removing limits on its production
OFS companies prepare as price war could cut $250 billion off E&P budgets
Rystad Energy says that the total capital and operation expenditure of upstream companies could be cut by $100 billion in 2020 and another $150 billion in 2021
Saudi Arabia’s decision will see oil markets take a bath – and other producers could jump in
A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies International
Saudi Arabia sets the stage for a high stake market share battle: Refinitiv
A Refinitiv Oil Research report reveals scenario analysis of key Middle Eastern exporters