Oil sands firms restoring production to seize upon higher prices. DENVER/OSLO (Reuters) - The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a … Business News. In recent months, Reuters has found, the coronavirus has hit oil production and exposed Petrobras, which employs more than 45,000 people and is … NEW YORK (Reuters) - Oil … LONDON (Reuters) - A group of the world’s top oil companies, including Saudi Aramco, China’s CNPC and Exxon Mobil, have for the first time set … May 20, 2020 / 12:43 AM / in 25 days. Business News. Reuters.com brings you the latest news from around the world, covering breaking news in business, politics, entertainment, technology, video and pictures. TOKYO (Reuters) - Oil prices slid on Thursday after OPEC and allies such as Russia agreed to ease record supply curbs from August, though the drop was cushioned by hopes for a …

Oil rises on lower U.S. stocks, firmer demand . SEOUL/LONDON (Reuters) - Oil prices rose on Wednesday after a sharp drop in U.S. crude inventories, with the market waiting for OPEC and its allies to … Reuters.co.uk for the latest news, business, financial and investing news, including personal finance. Reuters Energy & Oil News Headlines . 1 Min Read. Powered by Reuters AlertNet.AlertNet provides news, images and insight from the world's disasters and conflicts and is brought to you by Reuters Foundation. Premier Oil will announce a second reserves upgrade for its Catcher oilfield in the North Sea at the end of the year, Chief Executive Officer Tony Durrant told Reuters on Thursday. 3 Min Read. Irving Oil to buy Come-by-Chance refinery owner . May 28, 2020 / 2:33 PM / in 24 days. Executives speaking at a TD Securities energy conference on Tuesday said they are confident the oil price crisis is subsiding — while expressing dismay at recent setbacks for oil pipelines in the United States. Devika Krishna Kumar.