by Thanvir | Mar 28, 2020 | Benchmark Oil Price
The largest oil producer in Africa, Nigeria, caught up in the Saudi-Russian oil price war, has reduced its crude oil considerably and tried to pump as much as possible to keep customers in the unprecedented decline in demand. However, the price to be paid in the oil...
by Thanvir | Mar 21, 2020 | Benchmark Oil Price
Canada Prepares Multi-Billion Bailout for Oil Industry The Canadian federal government is preparing a billion dollar financial aid package for the oil and gas industry and could announce it next week, reports Globe and Mail, citing unnamed sources. Actions discussed...
by Thanvir | Mar 10, 2020 | Benchmark Oil Price, Oil Price Reporting Agency
Royal Dutch Shell and BP lose more than £32bn from their combined market value The oil price war in Saudi Arabia wiped billions of pounds off the market value of the largest companies in the industry after the oil markets experienced one of the largest price drops in...
by Thanvir | Mar 5, 2020 | Benchmark Oil Price
Brent prices could fall to $45 per barrel in April Goldman Sachs lowered its Brent price outlook, saying OPEC + cuts and central bank rate cuts would not be enough to curb a large inventory build caused by declining demand due to the coronavirus outbreak. Brent prices...
