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27 Mar 2020 16:22

UPDATE 1-Equinor to quit U.S. lobby group over climate policy

(Adds IPAA reaction)OSLO, March 27 (Reuters) - Equinor will leave industry the Independent Petroleum Association of America (IPAA) lobby group over a disagreement on climate policy, the energy producer said on Friday.The Norwegian company is under...

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27 Mar 2020 15:42

Equinor to quit U.S. lobby group over climate policy

OSLO, March 27 (Reuters) - Equinor will leave industry lobby group the Independent Petroleum Association of America (IPAA) over a disagreement about climate policy, the energy producer said on Friday.The Norwegian company is undertaking a review o...

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26 Mar 2020 08:43

LONDON MARKET OPEN: Sentiment Turns Shaky Again; US Jobless Claims Due

LONDON MARKET OPEN: Sentiment Turns Shaky Again; US Jobless Claims Due

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26 Mar 2020 07:42

UPDATE 5-Oil prices sink as crippled demand outweighs stimulus hopes

* U.S. Department of Energy ditches plans to buy oil for reserve* Swelling supplies and inventories weigh* Losses capped as U.S. Senate passes $2 tln stimulus* April oil demand to fall by 18.7 mln bpd -Goldman* GRAPHIC: Global Oil Slump: https://reu...

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26 Mar 2020 05:00

Ten signs the oil industry is bent out of shape

By David GaffenMarch 26 (Reuters) - The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price wa...

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25 Mar 2020 16:17

Shell Convent, La. refinery returns CDU to production after restart -sources

HOUSTON, March 25 (Reuters) - The large crude distillation unit (CDU) was back in production on Wednesday at Royal Dutch Shell Plc's 211,270 barrel-per-day (bpd) Convent, Louisiana, refinery after restarting on Tuesday, said sources familiar with ...

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25 Mar 2020 14:32

UPDATE 1-China buys record volume of Russian oil as European demand dives-traders

* Europe saturated with Russian, Saudi crude* Chinese demand more robust* Record discounts of Brent to Dubai makes Urals cheaper* Wood Mackenzie sees China using price collapse to fill stocks (Updates with details, background)By Olga Yagova and Gle...

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25 Mar 2020 13:16

China to take record volume of Russian oil as Europe demand collapses -traders

By Olga Yagova and Gleb GorodyankinMOSCOW, March 25 (Reuters) - China is buying a record 1.6 million tonnes of Russian oil by sea loading in the next 2-3 weeks, taking advantage of rock bottom prices for the Russian grade combined with a collapse ...

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25 Mar 2020 12:11

GRAPHIC-Oil majors cut 2020 spending by 22% after prices slump

(Adds Exxon, updates graphics)* FACTBOX-Oil company spending cuts:* GRAPHIC-Big Oil's 2020 capex cuts: https://reut.rs/39u1Dh3* GRAPHIC-Big Oil's rising debt: https://tmsnrt.rs/2U73JitLONDON, April 7 (Reuters) - The world's biggest oil and gas compa...

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25 Mar 2020 12:11

GRAPHIC-Oil majors slash 2020 spending by 20% after prices slump

(Adds graphic)* FACTBOX-Oil company spending cuts:* GRAPHIC-Big Oil's 2020 capex cuts: https://reut.rs/39u1Dh3* GRAPHIC-Big Oil's rising debt: https://tmsnrt.rs/2U73JitLONDON, April 1 (Reuters) - The world's biggest oil and gas companies are cutting...

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25 Mar 2020 12:11

GRAPHIC-Oil majors slash 2020 spending by 20% after prices slump

(Adds BP, updates figures)* FACTBOX-Oil company spending cuts:* GRAPHIC-Big Oil's 2020 capex cuts: https://tmsnrt.rs/3dszVEO* GRAPHIC-Big Oil's rising debt: https://tmsnrt.rs/2U73JitLONDON, April 1 (Reuters) - The world's biggest oil and gas compani...

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25 Mar 2020 12:11

CORRECTED-GRAPHIC-Oil majors slash 2020 spending 20% after prices slump

(Corrects date, number of companies and spending plans total in second paragraph)* FACTBOX-Oil company spending cuts:* GRAPHIC-Big Oil's 2020 capex cuts: https://tmsnrt.rs/3dszVEO* GRAPHIC-Big Oil's rising debt: https://tmsnrt.rs/2U73JitLONDON, Marc...

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25 Mar 2020 12:11

GRAPHIC-Oil majors slash 2020 spending 20% after prices slump

* FACTBOX-Oil company spending cuts:* GRAPHIC-Big Oil's 2020 capex cuts: https://tmsnrt.rs/3dszVEO* GRAPHIC-Big Oil's rising debt: https://tmsnrt.rs/2U73JitLONDON, March 27 (Reuters) - The world's biggest oil and gas companies are slashing spending ...

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25 Mar 2020 12:11

GRAPHIC-Oil majors slash 2020 spending 18% after prices slump

* FACTBOX-Oil company spending cuts:* GRAPHIC-Big Oil's 2020 capex cuts: https://tmsnrt.rs/3dszVEO* GRAPHIC-Big Oil's rising debt: https://tmsnrt.rs/2U73JitLONDON, March 25 (Reuters) - The world's biggest oil and gas companies are slashing spending ...

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25 Mar 2020 11:12

Japan's Mitsubishi, Chubu Elec completes $4.5 bln purchase of Eneco

TOKYO, March 25 (Reuters) - Japanese trading house Mitsubishi Corp and Chubu Electric Power said on Wednesday that they have completed a 4.1 billion euro ($4.5 billion) acquisition of Dutch energy firm Eneco on March 24.In November, the Japanese ...

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