Archives for March 2020
OPEC+ on brink of failure as Russia resists deeper oil cuts
Russia resisted pressure from its OPEC allies to make deeper production cuts, pushing the cartel’s high-stakes diplomatic gamble to the brink of failure and sending prices plunging. Source: FuelFix
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Oil tumbles again as Russia balks at OPEC+ cuts
Oil extended losses as Russia resisted pressure from its OPEC allies to make deeper production cuts, preferring instead to wait until June to decide. Source: FuelFix
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China’s top natural gas buyer cancels imports after epidemic hurts demand
China National Petroleum Corp. has issued a force majeure on prompt natural gas imports, according to people with knowledge of the situation, the second Chinese buyer to refuse shipments in a sign that global commodity...
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Exxon, Shell face uphill legal battle over soured Nigerian deal
Oil majors including Exxon Mobil Corp. and Royal Dutch Shell Plc are facing uphill battles to convince U.S. courts to enforce multi-billion dollar arbitration awards they secured against Nigeria’s state oil company. Source: FuelFix
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Canada’s LNG dreams fade as blockades add new costs to industry
Hopes that Canada could turn into a gas export powerhouse seem to be waning fast. Source: FuelFix
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