After a two-week uptick, the US oil and gas rig count resumed declines, falling 6 to 288 in the week ended July 29.
ExxonMobil Reports Results for Second Quarter 2020: Global oversupply and COVID-related demand impacts drive second quarter loss of $1.1 billion
Exxon Mobil Corporation today announced an estimated second quarter 2020 loss of $1.1 billion, or $0.26 per share assuming dilution.
An attempt to cap OIL’s damaged gas well at Baghjan in Assam which has been spewing gas for 66 days failed on Friday when the wagon used to put a lid on its mouth gave in and toppled over.
Oil futures traded higher Friday, on track for a monthly gain, as investors weighed an uncertain demand outlook, while bulls took encouragement from a slumping U.S.
European demand, particularly for blendstock heavier grades, had significantly deteriorated due to a narrow gasoline-naphtha spread and is not expected to recover significantly in August.
Japan’s crude imports plunged 31% year on year to 1.91 million b/d in June, the lowest for the month in 54 years, as refiners slashed their crude throughput because of the plunge in domestic oil-product demand caused by the coronavirus pandemic.
Things nobody should lose in a taxi — their phone and wallet — are what India’s richest man wants to control.
The European naphtha market is set to enter August amid expectations of constrained demand across the grades.
Exxon Mobil is preparing deep spending and job cuts.
Stocks managed gains on the month (4th month in a row) – Nasdaq best, Dow worst…