Archives for March 2020
Tax claim holds up Total's deal for Occidental's assets in Ghana
A capital gains tax claim for about $500 million is holding up Total SA’s acquisition of Occidental Petroleum Corp.’s assets in Ghana, according to Finance Minister Ken Ofori-Atta. Source: FuelFix
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Gasoline prices fall; more declines likely
Gasoline prices fell over the last week and more price drops as likely as the coronavirus outbreak drives crude prices lower. Source: FuelFix
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Oil’s freefall halted by hope of action from central banks, OPEC
Oil rebounded from its worst week since 2008 as the world’s central banks sought to stabilize financial markets, while hopes grew that OPEC+ will deepen output cuts following the coronavirus outbreak. Source: FuelFix
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Putin’s Russia to work with OPEC+ but content with oil price
Russia is ready to cooperate with its OPEC+ partners to support the world oil market, even though it’s comfortable with current crude prices, President Vladimir Putin said. Source: FuelFix
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CERAWeek cancelled amid growing coronavirus fears
CERAWeek, an oil and gas industry conference that brings thousands of international visitors to Houston every March, has been cancelled amid elevated fears related to the growing number of coronavirus cases around the world. Source:...
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