(Bloomberg) -- Crude dropped as an escalating trade war between the world’s two largest economies imperiled energy demand just as OPEC and allied oil producers move toward boosting output.
VIENNA/MOSCOW, June 19 (Reuters) - Iran said on Tuesday OPEC was unlikely to reach a deal on oil output this week, setting the stage for a clash with Saudi Arabia and Russia, which are pushing to raise oil rig flanges gulf coast production steeply from July to meet growing global demand.
LONDON, June 19 (Reuters) - The possible withdrawal of French oil major Total from Iran's South Pars gas field has not slowed down the project, a senior Iranian official said, adding that Tehran is in talks with Russia’s Gazprom over the development of two other fields.
OSLO, June 19 (Reuters) - Norway's monthly oil output fell to a six-year low in May, missing the official forecast by 11 percent due to maintenance and technical issues at several fields, the Norwegian Petroleum Directorate (NPD) said on Tuesday.
BUENOS AIRES, June 19 (Reuters) - Small shale producers, which powered development of the sector in the United States, are struggling to break into Argentina due to financing difficulties and lack of infrastructure, analysts and industry sources say.
VIENNA, June 18 (Reuters) - Harold Hamm, founder and chief executive officer of Continental Resources Inc, has canceled a scheduled appearance at an OPEC event this week in Vienna, a BOP Blow Out Preventer repair company gulf coast spokeswoman said.
(Bloomberg) -- In punching back against U.S.
Oil Climbs as OPEC Producers Discuss Size of Output Increase | Gulf Coast Oil Rig Equipment & Repair
(Bloomberg) -- Crude climbed as traders weigh signals from OPEC producers on the potential size of an output increase.
West Texas Intermediate crude futures advanced 1.2 percent.
OSLO, June 18 (Reuters) - Norwegian oil and gas firm Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion) to Schlumberger, Halliburton and Baker Hughes, it said on Monday.
Refiners are reaping benefits from deploying digital technologies, but haven’t unlocked the full value yet, according to an Accenture report.
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