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Occidental Petroleum Corp <OXY.N> on Wednesday unveiled a new round of deep spending cuts, slashing budget for a second time this month and sharply reducing salaries, as the debt-laden U.S. oil producer tries to save cash amid tumbling energy prices.
The Trump administration has decided not to appeal a court ruling that would sharply reduce its use of waivers exempting refineries from the nation's biofuels regulation, cheering the corn lobby but drawing anger from oil refiners.
2020年欧洲杯小组赛赛程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 war with rivals.
Oil prices slipped on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
2020年欧洲杯小组赛赛程U.S. crude oil stockpiles rose last week, but one-week demand for fuels showed its biggest drop since December in the first inkling that the coronavirus pandemic is denting the country's energy demand.
2020年欧洲杯小组赛赛程U.S. crude prices settled higher on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, even as government data showed the coronavirus pandemic started undercutting U.S. fuel demand last week.
The Trump administration is exploring whether it can find money in the U.S. Department of Energy's budget to buy oil for the Strategic Petroleum Reserve after the funding was not included in the $2 trillion stimulus package the Senate is expected to pass soon, three sources...
2020年欧洲杯小组赛赛程Venezuela has opened talks with China over possible financial support to cope with a sharp drop in oil prices and the arrival of the novel coronavirus, four sources familiar with the negotiations said.
2020年欧洲杯小组赛赛程U.S. weekly gasoline demand dropped 859,000 barrels per day (bpd) to 8.8 million bpd last week, the biggest decline since September 2019, according to the U.S. Energy Information Administration.
The U.S. energy sector is slashing capital spending and jobs as business activity plunged and the outlook has turned "extremely pessimistic" amid the coronavirus pandemic, a survey by the Dallas Federal Reserve Bank of oil and gas companies showed on Wednesday.
China is buying a record 1.6 million tonnes of Russian oil for loading at sea over the next four weeks, taking advantage of rock bottom prices for Russia's flagship Urals grade combined with a collapse in demand in Europe, traders said on Wednesday.
Global oil demand could fall by as much as 4.9 million barrels per day (bpd), or by about 4.9%, in 2020 due to the coronavirus outbreak, Norway's biggest independent energy consultancy Rystad Energy said on Wednesday.
2020年欧洲杯小组赛赛程Occidental Petroleum Corp <OXY.N> said on Wednesday it would add to its board three of activist investor Carl Icahn's associates, ending a long and bitter fight that began after its ill-timed acquisition of rival Anadarko Petroleum.
Occidental Petroleum Corp on Wednesday slashed its spending forecast for the year, the second cut this month by the debt-laden oil producer amid tumbling crude prices.
China will auction 20,000 tonnes of frozen pork from its state reserves on March 27, a notice from the China Merchandise Reserve Management Centre said on Wednesday.
2020年欧洲杯小组赛赛程Norwegian oil firm Equinor plans to cut investments, exploration drilling and operating costs by around $3 billion to help weather the coronavirus crisis and low oil prices.
China has begun buying U.S. liquefied petroleum gas (LPG) again after a hiatus of nearly 20 months as Beijing waived punitive tariffs to boost imports of U.S. goods as part of the Sino-U.S. Phase 1 trade deal, industry sources said.
China's commodity exchanges have rolled out measures - from raising margin requirements and trading limits to halting trade completely - to try to maintain market stability as the coronavirus panic grips the globe.
2020年欧洲杯小组赛赛程Oil and gas companies are cutting spending plans in response to the new coronavirus and a push by Saudi Arabia and Russia to ramp up output.
The world's biggest oil and gas firms should break an industry taboo and consider cutting dividends, rather than taking on any more debt to maintain payouts as they weather the fallout from the coronavirus pandemic, investors say.
China's soybean imports from the United States in the first two months of the year rose sixfold from the same period last year, customs data showed on Wednesday, as cargoes booked during a trade truce between the countries arrived.
Soybean deliveries to crushing plants have been severely cut in Argentina, the world's top supplier of soymeal livestock feed, as the country reacts to the coronavirus pandemic, the local grains export industry chamber said on Tuesday.
The London Bullion Market Association (LBMA) and several major banks that trade gold have asked U.S. exchange operator CME Group Inc to allow gold bars in London to be used to settle its contracts to ease disruption to trading, sources said.
2020年欧洲杯小组赛赛程Oil and gas lease sales offered by the Trump administration in three Western states on Tuesday drew few bids as a crash in energy prices tamped down interest among drillers.