Industry

Services sector feels the pain as budget cuts bite: Wood Mackenzie

oil industry 4663283 640While the long-term impact is still unclear, the oil price crash is bleak news for oilfield service (OFS) companies, according to consultancy group Wood Mackenzie

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Lower oil prices to weaken credit profiles of oil-exporting sovereigns, says Moody’s

freight 863449 640The severity of the credit impact of lower oil prices on oil- and gas-producing sovereigns will vary from country to country, driving divergence in their creditworthiness, credit rating agency Moody’s Investors Service said in a report

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‘COVID-19, oil price war could derail two-thirds of project sanctioning in 2020’

48942854022 841c732ff7 wThe effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development plans for this year

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High volatility creates opportunity for risk-resistant investors

stock market ormeThe unpredictable Coronavirus and the proceedings of Saudi Arabia, which dramatically decreased global oil prices are the triggers of the sales fluctuations in the stock market

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Supermajor Total suspends buyback programme

740500486 4486aa3926 cFrench energy group Total has announced the suspension of the buyback programme

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