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March 26-28,2026

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Industry News
The following is the news list page
30 2015-10

‘Too low’ crude prices seen rising to $80 in 2018 by Statoil

SERENE CHEONG SINGAPORE (Bloomberg) -- Crude prices that have almost halved in the past year are unsustainable at current levels as cuts to investments and postponement of projects will lead.........

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29 2015-10

Statoil quarterly profit falls 60% after crude collapse

MIKAEL HOLTER STAVANGER, Norway (Bloomberg) -- Statoil ASA, Norways biggest oil company, said third-quarter earnings fell 60% as the average crude price in the period dropped to the lowest s.........

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28 2015-10

Haze cuts Indonesia's oil production as pollution affects workers

JAKARTA, Indonesia (Bloomberg) -- Indonesias forest fires are cutting the countrys crude oil production and briefly shut a BP Plc gas plant this month, in the first signs the haze pollution .........

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27 2015-10

Algeria backs Venezuela on OPEC, non-OPEC summit to boost prices

HELENE FOUQUET and MAHER CHMAYTELLI PARIS (Bloomberg) -- Algeria supports Venezuelas call for a summit among heads of state from OPEC and other oil-exporting nations in a bid to lift crude p.........

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26 2015-10

Oil caps biggest weekly loss since August as supply glut deepens

RAKTEEM KATAKEY and MORNING ZHOU LONDON (Bloomberg) -- Oil capped the biggest weekly decline since August as expanding U.S. crude stockpiles exacerbate a global glut. West Texas Intermediate.........

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23 2015-10

Pre-salt production tops 1 MMboed, Petrobras says

RIO DE JANEIRO -- Production of oil and natural gas from facilities operated by Petrobras in the pre-salt layer exceeded 1 MMboed during September, with output averaging 1.028 MMboed, and re.........

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22 2015-10

Crude oil declines as U.S. inventories grow most in six months

LONDON (Bloomberg) -- Oil fell after a government report showed U.S. crude inventories grew by the most in six months. West Texas Intermediate futures for December delivery declined below $4.........

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21 2015-10

Genel cuts 2015 oil output forecast on Iraq payment delays

LONDON (Bloomberg) -- Genel Energy Plc, an oil producer in Iraqi Kurdistan, reduced its output forecast for this year after suffering delays to payments for its exports. null Central process.........

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20 2015-10

Oil bulls maintain momentum as rig cutbacks seen reducing glut

NEW YORK (Bloomberg) -- Hedge funds increased bullish oil wagers on speculation that falling investment will diminish the global supply glut. Money managers boosted their net-long position i.........

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16 2015-10

Oil extends losses as U.S. crude supplies surge most since April

MARK SHENK WASHINGTON, D.C. (Bloomberg) -- Oil extended losses after the biggest U.S. crude stockpile increase in six months bolstered speculation a global surplus will persist. Inventories .........

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15 2015-10

Oil slide means ‘almost everything’ for sale as rout deepens

AARON CLARK and STEPHEN STAPCZYNSKI TOKYO (Bloomberg) -- More than $200 billion worth of oil and natural gas assets are for sale globally as companies come under renewed financial pressure f.........

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14 2015-10

Oil falls most in three weeks as OPEC crude production climbs

MARK SHENK and GRANT SMITH NEW YORK (Bloomberg) -- Oil dropped the most in three weeks after OPEC reported that its members pumped the most crude in three years. The Organization of Petroleu.........

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13 2015-10

House votes to lift U.S. oil export restrictions

WASHINGTON-- The House of Representatives has voted in favor of lifting 40-year-old restrictions on exporting U.S crude oil. The vote was welcomed by industry groups and representatives, but.........

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14 2015-09

GE, Statoil sign subsea exploration wellhead frame agreement

ABERDEEN, United Kingdom-- GE Oil Gas has been awarded a four-year framework agreement to provide wellhead equipment and associated services to Statoil with the option of two, two-year exten.........

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11 2015-09

Shale producers clobbered by oil rout face added Iran supply

NEW YORK(Bloomberg) -- Shale oil producers already awash in a supply glut face added crude as early as next year after an agreement to ease sanctions on Iran cleared a Senate obstacle. A Sen.........

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