Oil Majors May Be Forced To Cut Crude Output In Nigeria
Africa's largest oil producer, OPEC member Nigeria, has yet to figure out how and from where to cut production as part of the OPEC+ deal, and this has led to?
Saudi Arabia Starts Production Cuts Ahead Of OPEC+ Deal
OPEC's top producer and the world's top oil exporter, Saudi Arabia, has already started cutting its oil production ahead of the official start of the new OPEC+ pact on May?
Tough Sanctions Force Halliburton To Suspend Most Operations In Venezuela
Halliburton will suspend most of its operations in Venezuela, the company said, after Washington tightened the noose around Caracas by banning U.S. oil companies operating in the country from drilling?
Have Investors Been Misled By The Oil Price Crash?
A securities law firm?announced?on Friday an investigation on behalf of risk-averse investors with Wells Fargo, Morgan Stanley, UBS, and Merrill Lynch who have sustained significant losses recently from investment?
Energy Transfer Asks For Permission To Turn Pipelines To Oil Storage
Pipeline giant Energy Transfer will be asking the Texas Railroad Commission to allow it to idle two pipelines in Texas and turn them into storage for around 2 million barrels?
Exxon Makes Sanitizer In Louisiana To Donate To COVID-19 Fight
U.S. oil supermajor ExxonMobil said on Friday it had reconfigured its chemical plant at Baton Rouge, Louisiana, into a facility to make medical-grade sanitizer which will be donated to?
Continental Resources has stopped drilling operations and shut in most of its wells in North Dakota, Reuters?reports, citing sources familiar with the situation, who also added that the company?
Russia Cuts European Sea Ports Oil Exports To 20-Year-Low
Russia is preparing to significantly reduce the oil supply to the market from its Baltic and Black Sea ports?to the lowest in two decades in May when the OPEC+ production?
Mexico's Pemex Suspends Fuel Imports From U.S. As Demand Tanks
Mexico's Pemex declared force majeure on fuel imports, which it receives from the United States, because of tanking demand, Reuters?reported, citing two unnamed sources. Bloomberg?quoted?another unnamed source that?
U.S. Probes Insider Trading Tied To OPEC+ Oil Deal
The U.S. Commodity Futures Trading Commission (CFTC) is investigating whether non-American traders had obtained insider information about Russia's position in the OPEC+ negotiations last month, which they may have later?
