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Chinese Buyers Snap Up U.S. Oil Purchases at Widest Discounts Ever

Apr 01, 2020

China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.China started processing in March applications from its companies to waive import tariffs on U.S. energy goods as part of the Sino-U.S. Phase 1 trade deal and they have since bought liquefied natural gas (LNG) and liquefied petroleum gas (LPG) from the United States…

Diamond Offshore Files for Bankruptcy

Apr 27, 2020

Diamond Offshore Drilling Inc filed for bankruptcy protection in Texas on Sunday, after the company recently skipped making an interest payment and said it had retained restructuring advisers.The Houston-based contract drilling company's filing…

Brent Crude Drops to $26.35. Outlook Bleak

Mar 26, 2020

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity…

Current News

Petronas Inks Two More PSCs for Bid Round 2024, Launches Round 2025

Petronas Inks Two More PSCs for Bid Round 2024, Launches Round 2025

CNOOC Brings Online Second Phase of Luda Oil Field Project in Bohai Sea

CNOOC Brings Online Second Phase of Luda Oil Field Project in Bohai Sea

Japan's Japex Shifts Back to Oil and Gas Investments

Japan's Japex Shifts Back to Oil and Gas Investments

Tokyo Gas Enters LNG Market in Philippines

Tokyo Gas Enters LNG Market in Philippines

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

SLB Names Raman CSO, CMO

SLB Names Raman CSO, CMO

Eco Wave Finds Partner for Wave Energy Project in India

Eco Wave Finds Partner for Wave Energy Project in India

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Officials in Ukraine say that Russian attacks have damaged houses in Kyiv and killed one person in Kryvyi Rih.
Analysts at JPMorgan do not expect a special Aramco distribution this year
Global equity markets mixed due to uncertainty over Trump's moves and geopolitical issues
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