Oil and Gas Sector

25.03.2020

World’s major oil companies prepare for $10/b

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.

Royal Dutch Shell said on Monday that it would cut spending by 20 percent, or about $5 billion, and also suspend its share buyback plan. French oil giant Total...

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.

Royal Dutch Shell said on Monday that it would cut spending by 20 percent, or about $5 billion, and also suspend its share buyback plan. French oil giant Total...

25.03.2020

Brent price setting gives signs of life, US Fed given credit

Oil jumped 3% on Tuesday towards $28 a barrel, supported by steps by the U.S. Federal Reserve to bolster the economy and hopes the United States will soon reach a deal on a $2 trillion coronavirus aid package.

The Fed on Monday rolled out an array of programmes including backing...

Oil jumped 3% on Tuesday towards $28 a barrel, supported by steps by the U.S. Federal Reserve to bolster the economy and hopes the United States will soon reach a deal on a $2 trillion coronavirus aid package.

The Fed on Monday rolled out an array of programmes including backing...

25.03.2020

Gas prices in Europe sink to historic lows

Russia’s energy giant Gazprom, which sells gas from Russia, Kazakhstan, Uzbekistan and Turkmenistan mainly to the wider North Sea and Mediterranean regions, might be getting the lowest gas price in 15 years from its primary market in Europe. Spot prices have fallen to the level of $100 per 1,000 cubic...

Russia’s energy giant Gazprom, which sells gas from Russia, Kazakhstan, Uzbekistan and Turkmenistan mainly to the wider North Sea and Mediterranean regions, might be getting the lowest gas price in 15 years from its primary market in Europe. Spot prices have fallen to the level of $100 per 1,000 cubic...

24.03.2020

Uztransgaz continues to supply gas to petrol stations

The Uztransgaz company commented on rumours that appeared recently in social networks that gas stations in Uzbekistan will be closed for the period of quarantine.

Uztransgaz, a natural gas supplier to automobile gas-filling compressor stations, assured that it would continue to supply gas to entrepreneurs in accordance with the terms of...

The Uztransgaz company commented on rumours that appeared recently in social networks that gas stations in Uzbekistan will be closed for the period of quarantine.

Uztransgaz, a natural gas supplier to automobile gas-filling compressor stations, assured that it would continue to supply gas to entrepreneurs in accordance with the terms of...

24.03.2020

Oil prices expected to hit bottom in April

Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts.

The millions of barrels of additional supply promised by Saudi Arabia will take time to reach their destination. On the demand side, major economies have only begun to slow...

Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts.

The millions of barrels of additional supply promised by Saudi Arabia will take time to reach their destination. On the demand side, major economies have only begun to slow...


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