Wednesday, 14 October 2020 02:43
Saudi Aramco CEO says worst of oil slump is now over and believes technology will help oil in new era
The Saudi Arabian Oil Company President and Chief Executive Amin Nasser said that “the worst is definitely behind us” for the crude oil market, as global demand is recovering and is currently at 90 million barrels per day.
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Tuesday, 31 March 2020 07:43
Shell outlines level of damage to first-quarter earnings on lower realized oil and LNG prices
Royal Dutch Shell has revised its first-quarter earnings outlook for 2020 because of the oil market slump and expects to take a post-tax hit of between $400 million to $800 million after earlier exiting the US Lake Charles LNG project to reduce investment levels.
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