German independent gas and oil producer Wintershall Dea reported this week a 9% increase on its output in 2019 and a 20% reduction on its production costs, Kallanish Energy reports. The company produced 642,000 barrels of oil equivalent per day (Boe/d) last year. Meanwhile, its production costs were reduced to $4.30/Boe, almost half the industry … Read more
Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports. Expectations of output cuts from Opec+ members brought prices back up after they slid briefly following comments from President Trump that a trade deal with China may be delayed. … Read more
Oil prices fell Tuesday, briefly entering bear market territory, after the U.S. said it will allow some of Iran’s biggest customers to continue importing the Opec member’s crude without violating reinstated U.S. sanctions. You have reached your allocation of free articles this week. Don’t despair you can keep reading the news. Subscribe or start your free … Read more
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