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Shell Raises Dividend as CEO Says Oil Output Past Peak
2020-10-29 20:05:00| OGI
Shell hit record earnings from its vast retail division, despite the impact on demand of the COVID-19 pandemic, which it said continued to generate "significant uncertainty."
Oil Prices Plunge over 5% as Pandemic Surges, US Crude Output Soars
2020-10-28 21:30:00| OGI
That was the lowest close for Brent crude since June 12 and for WTI since Oct. 2. It was the biggest daily percentage losses for both benchmarks since Sept. 8.
Russias Putin: Rollover on Oil Output Curbs by OPEC+ Possible
2020-10-22 21:00:00| OGI
The comments made by Russian President Vladimir Putin are the clearest signal yet from Russia, a global leader in oil production, that it is ready to continue with unprecedented output cuts in the face of a sluggish oil market.
Tags: possible
oil
output
putin
North Dakota's Oil Output Up 12% in August as More Wells Resume Output
2020-10-16 22:44:13| OGI
North Dakotas oil production rose about 12% to 1.16 million barrels per day (MMbbl/d) in August as more wells and drilling rigs resumed production after a drop earlier this year, the state's regulator said on Oct. 16.
Pemex Sees Output Reaching 2.3 Million Barrels Per Day by Year-end 2024
2020-10-14 20:12:49| OGI
In a presentation to a congressional committee, Pemex CEO Octavio Romero said he sees output hitting 1.94 MMbbl/d by the end of this year as new developments contribute more barrels.
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