The results are in line with analysts’ expectations but stand in contrast to the losses reported by its rival energy giants, which are reeling from a drop in oil demand since the start of the novel coronavirus pandemic. … [Read more...] about Saudi Aramco profits dive 73% as coronavirus batters oil demand
Oil crude oil
“Petrol and Diesel prices are expected to increase by 3-5 rupees per litre, which will cause an increase in inflation that may restrict the Reserve Bank of India from reducing interest rates,” Ravi Singh said, adding that this may impact the Indian economy, which is already facing a slowdown, adversely. … [Read more...] about Indian Analyst Rejects Trump’s Claim That There’s ‘Plenty of Oil’ to Lubricate the Market
“Aramco figures are healthy compared to other global peers,” Mazen al-Sudairi, head of research at Al Rajhi Capital, said. “This was the worst quarter in the modern history of oil industry, and surviving it with healthy figures points to a very positive outlook.” … [Read more...] about Saudi Aramco’s profit plunges, sees signs of oil market recovery
It’s a workflow automation platform that orchestrates multiple integrated business processes to augment staff activities within the Oil and Gas sector by assisting them to deliver faster outcomes, amply their productivity to get things done more efficient with less input, at same time, automate repeatable business processes. This will unlock the potential to actual productivity of the bank while enabling successful delivery of the Bank’s missions and goals, in addition provides visibility into each step. Its goal is to manage end-end workflows, support people and organizations as their work habits evolve from a communication focus to a collaboration focus. … [Read more...] about COVID-19: How Crater 365 can promote growth, productivity in oil and gas industry
"Investors are worried about supply gluts as the OPEC+ is due to start reducing production cuts this month and a recovery in oil prices from record lows is expected to encourage U.S. shale producers to ramp up output," Hiroyuki Kikukawa, general manager of research at Nissan Securities, was quoted by Reuters as saying. … [Read more...] about What is the Strategy Driving Saudi Arabia to Tweak the US Oil Taps?