OPEC+ may meet this week to update production limits
The move, if confirmed, would give the oil cartel more flexibility to change its current production limits. The existing deal, struck in April as energy demand and prices collapsed because of the coronavirus pandemic, calls for curbs to ease from July.
Oxy reduces its dividend to $0.01 per share
Occidental shareholders will receive a penny per share on July 15, the Houston-based company said in a statement Friday. The payout compares to the 11-cent dividend announced in March.
Oil’s biggest monthly advance ever stalls on U.S.-China tensions
While futures in New York edged lower to trade near $33 a barrel, crude is still set for the biggest monthly gain in data going back almost four decades.
Weekly Preview podcast: How prepared is the industry for an oil price rebound?
Our look ahead the coming week, including how drillers' ability to react to an increase in oil and gas demand could be impacted by technical and manpower limitations, and what key OPEC players have in store for the first week of June.
Saudis focus oil shipments on China during production cuts
An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.
Renewable energy firms scooping up cast-off oil and gas workers
Much of oil, gas, wind and solar is about building projects and selling the output. That requires workers with backgrounds in geology, land acquisition, engineering, finance, asset management and energy contracts.