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Energy

Three Things That Will Drive Oil Prices In May

The Energy Sector (NYSEARCA:XLE) has taken the lead in the S&P midday sector standings on Wednesday trading, jumping 3.5% as OPEC+ appears ready to stick with earlier...

Energy

U.S. Oil Inventories Rise Beyond Expectations

Oil prices were trading up on the day prior to the data release despite the coronavirus surge in the world’s third-largest oil importer, India,...

Energy

Fresh Oil Spill At Chevron’s Funiwa Oilfield Sparks Feud In Bayelsa

(NAN) Chevron Nigeria Limited (CNL) has held divergent views with members of its host communities in Bayelsa on leakages reported at Funiwa Oil Fields...

Headline

BP’s CEO: 2nd Wave Of COVID Hits Oil Demand Harder Than Expected!

*By Tsvetana Paraskova The second wave of coronavirus cases in the world is impacting global oil demand “maybe a little bit more than we thought”...

Economy

Oil Crisis: Why OPEC Cut Oil Demand Forecast For 2020 , By Energy Expert

By Tsvetana Paraskova OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million...

Business

Oil Crisis Update: Russia Could Get Forced Out Of Africa’s Hottest Offshore Oil Play, By Expert

*How Russia’s LUKOIL Sealed Investment Deals In Nigeria, Cameron, Senegal, Others By Viktor Katona Times are tough for Russian oil companies. In the post-Crimean era where...

Business

Oil Drops More Than $1 After Saudi Price Cuts

Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July. The drop is coming after Saudi Arabia made the deepest...

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