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A 16% drop in oil prices does not change the ambition to expand production! Occidental Petroleum giants firmly oppose OPEC+'s plan to increase production.
Despite the 16% drop in international oil prices in April and the possibility of OPEC+ further increasing production, major Western oil producers are still committed to their production growth plans.
Saudi Arabia claims it has the ability to maintain long-term low oil prices, with international oil prices dropping by 3.79%.
Five sources familiar with the negotiation situation told Reuters that Saudi Arabian officials have recently informed allies and Industry experts that Saudi Arabia has the capacity to maintain long-term low oil prices.
CHK Oil Announces Director Resignation
CHK Oil Limited Announces Board Composition and Committee Roles
CHK OIL (00632): Yang Yuyan has resigned as Executive Director.
CHK OIL (00632) announced that Yang Yuyan has submitted her resignation as Executive Director due to involvement in Other personal affairs and Business...
CHK OIL: Annual Report 2024