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Latest Articles in oil producers

IEA Says Oil Market Outlook Clouded By Vaccine Roll-Out Variables

OPEC and allied countries such as Russia agreed this month to cut crude production through March in a bid to match abundant supply with demand which has sagged amid surging virus cases while vaccination programmes get underway.

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Exxon Signals Up To $20 Billion Writedown To Overwhelm Fourth-Quarter Gains In Oil, Chemicals

The filing after the market closed on Wednesday showed Exxon expects higher prices will sequentially lift its oil and gas operating results by between $200 million and $1 billion.

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Chevron To Lay Off About 25% Of Noble Energy Employees After Merger

Chevron's 10%-15% cuts would imply a reduction of between 4,500 and 6,750 jobs, while job cuts at Noble will reduce the total workforce by roughly another 570 positions.

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S&P 500, Dow Extend Rally On Hopes Of Swift Economic Rebound

The benchmark S&P 500 and the Dow are now 5.5% and 7.4% away from their respective closing highs, after surging more than 45% from their pandemic lows hit on March 23.

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