WorldOil Exxon hits 15-year low prior to new strategy rollout Exxon Mobil fell to a 15-year low on Monday just over a week before CEO Darren Woods is scheduled to present the oil explorer’s long-term strategic plan to investors and analysts. OPEC cuts forecast as virus dents China’s oil demand The cartel reduced projections for demand growth in the first quarter by 440,000 barrels a day, or about a third, in its monthly report. Natural gas hits four-year low on ‘epic’ U.S. demand failure Natural gas futures sank to a four-year low as the latest U.S. forecasts all but eliminated bulls’ hopes for a late-winter cold push. Trump proposes selling oil from strategic reserve to fund budget plan President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockpile as part of his fiscal 2021 budget plan. U.S. mulls sanctioning Rosneft over Maduro ties, but is wary of market chaos The U.S. is weighing whether to sanction Russia’s biggest oil producer, Rosneft PJSC, for maintaining ties with Venezuela’s Nicolas Maduro, though American officials are wary that the move could cause chaos in global oil markets, according to people familiar with the matter. Tullow to slash jobs, close offices after poor Africa and Guyana results Tullow Oil will reduce its headcount in Kenya by about 40% as part of a company-wide restructuring following poor performances at its Africa and Guyana operations. Coronavirus impedes Alberta’s drive to reach oil markets in Asia The coronavirus is hampering the Canadian oil industry’s efforts to build relations with crude buyers in Asia. Exxon, Chevron disappoint investors in “challenging” market Exxon Mobil and Chevron posted the weakest results in years because of disappointing results in almost all of their business lines. Ovintiv faces investor test on shale after rebranding from Encana Now based in Denver, Ovintiv Inc. will update investors Wednesday on its progress for the shale oil assets in Oklahoma it amassed after the $5.5 billion acquisition of Newfield Exploration Co. in 2018. Exxon at a 10-year low shows challenges for oil’s biggest major Once the gold-standard of Big Oil, the stock closed Monday at its lowest since October 2010, amid a slump in oil prices due to concerns about weak demand coupled with a glut.