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Tag: Oil Barrels

Oil piles on losses following OPEC+ deal to boost supply, rising COVID cases

Oil slumped $5 a barrel on Monday, closing out its worst day since March, after an OPEC+ agreement to boost output stoked fears of a surplus just as rising COVID-19 infections once again threaten demand.

EXCLUSIVE Chevron to sell swath of Permian assets valued at more than $1 bln -sources

Chevron Corp (CVX.N) is looking to sell two collections of conventional oil and gas fields in the Permian Basin valued at more than $1 billion combined, three sources told Reuters.

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