Saudi Arabia to Scale Back on Record Crude Oil Output Levels
Though progress has been made in the oil and gas industry’s gender diversity issue, a recent EY survey reveals opportunities for improvement.
CNOOC’s revenue falls to $3.8 billion in the first quarter of 2016, down 30.7 percent from last year as low oil prices continue to weigh on the firm’s turnover.
Russian oil production edged lower in April to 10.86 million barrels per day from a record 10.91 million in March.
Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years.
Mexico is doing everything it can to salvage its cash cow, and the next step may be to reimburse the oil giant for $8 billion in pension liability savings.