Saudi Arabia and Russia ended their oil price war on Sunday, by finalising a deal to make the biggest oil production cuts in history. OPEC said it would cut 9.7mmbbls/d in oil production in May and June, equivalent to almost 10% of daily global supply, after June the 10mmbbls/d cut will be tapered to 7.6mmbbls/d until the end of the year and then 5.6mmbbls/d through 2021 until April 2022 in an effort to stabilise global crude markets. The cuts would be more than twice those made by OPEC during t ....
14 Apr 2020
Cenkos: Oil & Gas Sector -- Diversified Gas & Oil, 88 Energy, Premier Oil, Falcon Oil & Gas, Providence Resources, Ithaca Energy, Energean Oil & Gas, EnQuest, RockRose Energy, IGas Energy, Regal Petroleum, Rockhopper Exploration, SDX Energy, Neptune Energy
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Cenkos: Oil & Gas Sector -- Diversified Gas & Oil, 88 Energy, Premier Oil, Falcon Oil & Gas, Providence Resources, Ithaca Energy, Energean Oil & Gas, EnQuest, RockRose Energy, IGas Energy, Regal Petroleum, Rockhopper Exploration, SDX Energy, Neptune Energy
Falcon Oil & Gas Ltd. (FOG:LON), 7.2 | 88 Energy Limited (88E:LON), 0.3 | Diversified Energy Company PLC (DEC:LON), 946 | Empyrean Energy PLC (EME:LON), 0.6 | Trinity Exploration & Production Plc (TRIN:LON), 40.0 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
14 Apr 2020 -
Author:
James McCormack -
Pages:
8
Saudi Arabia and Russia ended their oil price war on Sunday, by finalising a deal to make the biggest oil production cuts in history. OPEC said it would cut 9.7mmbbls/d in oil production in May and June, equivalent to almost 10% of daily global supply, after June the 10mmbbls/d cut will be tapered to 7.6mmbbls/d until the end of the year and then 5.6mmbbls/d through 2021 until April 2022 in an effort to stabilise global crude markets. The cuts would be more than twice those made by OPEC during t ....