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Canadian Natural Resources Limited announces 2020 budget- oil and gas 360

Canadian Natural Resources Limited announces 2020 budget

Oil and Gas 360 CALGARY, Alberta, Dec. 04, 2019 (GLOBE NEWSWIRE) — Commenting on the Company’s 2020 budget, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “Canadian Natural’s ability to generate significant and sustainable free cash flow sets us apart from our peers. Our focus on capital discipline, as a part of our four pillars of capital allocation, operational excellence

OPEC, Russia debate deeper oil cuts as new glut looms- oil and gas 360

OPEC, Russia debate deeper oil cuts as new glut looms

Reuters MOSCOW/VIENNA – OPEC and its allies led by Russia are gearing up to approve deeper oil production cuts this week to prevent a new glut and a collapse on oil prices with OPEC member Iraq saying the move was supported by key members. Non-OPEC Russia also said it was expecting a constructive meeting as OPEC leader Saudi Arabia presses

U.S. crude oil inventories decreased by 4.9 million barrels- oil and gas 360

U.S. crude oil inventories decreased by 4.9 million barrels

Weekly Crude Oil Storage as of November 29, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.9 million barrels from the previous week. At 447.1 million barrels, U.S. crude oil inventories are about 3% above the five year average for this time of year, according to the EIA crude oil and petroleum weekly