Topic: Oil price

OPEC+ agrees on record production cut

OPEC and its allies have agreed to cut oil production by 9.7 million barrels per day starting May 1st. The record cut is aimed at stabilizing the oil price which has dropped dramatically due to...Read more
|Comment|author: Tobias Pieffers

Fuel prices take a massive nosedive

Fuel prices have taken a massive nosedive since the beginning of the year with low sulphur fuel prices in Singapore dropping from USD 734 per tonne on January 1st to USD 415 per tonne today. The...Read more
|Comment|author: Tobias Pieffers

Media: Saipem and Subsea 7 consider merger

Saipem and Subsea 7 are considering to merge to weather the still difficult circumstances in the oil and gas services market. If the deal goes through, it would create the fourth-largest oilfield service company, after...Read more
|Comment|author: Tobias Pieffers