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Saudi to ship 10 mbpd from May...






State-run Kuwait Petroleum Corporation (KPC) has instructed all subsidiaries to cut capital and operating spending this year due to an "unprecedented" decline in oil prices caused by the collapse of a global oil supply cut pact and the spread of the coronavirus which has hit demand...






Major oil producers with operations around the world have cut their 2020 capital spending by about 24 per cent, or nearly $40 billion, data compiled by Reuters showed, following a slump in crude prices.Brent crude prices have fallen nearly 46 per cent to about $24.48 a barrel, while U.S. crude has...






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