Still Led Foreign, This 10 Producers of Oil and gas Giant RI

Jakarta, CNBC Indonesia- The unit of Work Implementing Specific Business Activities Upstream Oil and Gas (SKK Migas) lowered the target production and lifting of oil and gas RI this year due to the pandemic. The BUDGET Target by 2020, lifting can be reached 755 thousand barrels per day. However, SKK Migas proposes the target be […]

As an oil price tank, BP CFO warns that demand could be negative in 2020

A general overview of the BP ETAP (Eastern Trough Area Project) oil platform in the North Sea around 100 miles east of Aberdeen, Scotland. Getty Images According to Brian Gilvary, CFO of BP, the demand for oil in 2020 should be negative and put pressure on the fall in prices. Around the time of his […]

Oil falls 4% as the coronavirus pandemic triggers Trump’s travel ban

A kayaker will pass an offshore oil platform in Guanabara Bay in Niteroi, Brazil, on Saturday, February 1, 2020. Dado Galdieri | Bloomberg | Getty Images Oil prices fell for a second consecutive Thursday on a sharp decline in world markets after the US banned travel from Europe after the World Health Organization decided to […]

The losers in the price war between Saudi Arabia and Russia

Russian Energy Minister Alexander Novak and Saudi Energy Minister Abdulaziz Bin Salman sign documents during a ceremony after a meeting of Russian President Vladimir Putin with Saudi Arabian King Salman on October 14, 2019 in Riyadh, Saudi Arabia. ALEXEY NIKOLSKY | SPUTNIK | AFP via Getty Images A worsening oil price war between Saudi Arabia […]

Oil drops 30% as OPEC’s failure triggers a price war

Oil prices fell 30% early Sunday evening after OPEC failed to reach an agreement on cut production with its allies, which has led Saudi Arabia to cut prices as reportedly to boost production, leading to fears of a full-scale price war led. The international benchmark for Brent crude futures fell 30% to $ 32.05 a […]

Oil is “bigger problem for markets than corona virus after OPEC deal collapse”

Red Cross doctors measure the temperature of the participants in the 178th meeting of the Organization of the Petroleum Exporting Countries (OPEC) on March 5, 2020 in Vienna. Alex Halada | Getty Images Oil prices dropped last week when OPEC and its allies failed to agree on cuts in production. As prices are expected to […]