Archives for April 2020
China buys millions of barrels of discounted oil for reserves
The world’s biggest importer is taking advantage of a 60% plunge this year to snatch up cheaper barrels for its stockpiles Source: FuelFix
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Opinion: How did Oxy's bosses get paid a bonus?
There are a couple of ways of summarizing what’s happened with Occidental Petroleum Corp. since CEO Vicki Hollub went all-in on buying Anadarko Petroleum Corp. last year. One would be that the deal trashed Oxy’s...
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Oil rebounds on China crude buying, Trump’s diplomatic push
Futures rose as much as 13% in London as Beijing instructed government agencies to start filling state stockpiles. Source: FuelFix
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Oil holds above $20 as Saudi output surges, Russia’s won’t rise
Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes. Source: FuelFix
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