May heralds even more disruption and uncertainty for petrochemicals
Nigel Davies, Insights Editor at ICIS, examines the potential for further disruption and uncertainty for the petrochemicals sector in May
E&P
Total maintains dividend and sets climate goal despite income plunge
Oil and gas company Total has maintained a stable dividend despite a sharp decline in first-quarter net profit as oil prices plummeted to historic lows following a drop in demand due to the coronavirus crisis
Sonatrach and Lukoil sign cooperation MoU
Algeria’s Sonatrach and Russian company Lukoil have signed a memorandum of understanding (MoU)
Oil output dropped despite OPEC cuts
Oil prices fell on Monday as the market realised demand does not rebound as quick as supply needs to balance or even to keep storage from filling, despite the OPEC+ cuts
Shell dividend cut ‘sensible and prudent’, says WoodMac
Anglo-Dutch supermajor Shell has slashed its dividend by 66 per cent, the first time the company has cut cash distributions to shareholders since World War II
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