oilandgasadvancement.com   Monthly E-newsletter - May 2020
 
 
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May 20 , 2020 Ι Volume 5 Ι Oil and Gas Advancement news letter
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PRESS RELEASES
Oil Down on Signs Russia May Ease Supply Cuts
Oil declined from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July, while tensions between the U.S. and China escalated amid the specter of sanctions....
Oil prices fall due to weaker fuel demand in US
Oil prices have slipped after US inventory data showed a weaker fuel demand in the country. Brent crude dropped 25 cents to $35.04 a barrel, while US West Texas Intermediate (WTI) crude was down 53 cents at $33.18 a barrel, Reuters reported.
Oil prices increase due to less than expected rise in US stockpiles
Oil prices have increased after crude inventories in the US rose by ten million barrels, which is less than expected. According to Reuters, West Texas Intermediate (WTI) futures were trading...
Bahamas Petroleum signs rig contract for exploration well
Explorations and production firm Bahamas Petroleum Company (BPC) has signed an offshore drilling rig contract with Stena Drilling to use its drilling rig for the Perseverance #1 well offshore Bahamas....
OMV receives permit to drill Norwegian Sea appraisal well
Austrian oil and gas company OMV is set to drill an appraisal well in the Norwegian Sea after receiveing an offshore safety approval and a drilling permit from the Norwegian Petroleum Directorate (NPD)...
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