The head of the Vienna Energy Studies Group underlines the importance of the upcoming OPEC meeting. saying: The coronavirus outbreak has ruined the demand for oil.

CERAWeek. organized by consultancy IHS Markit was scheduled to run from March 9 to 13 in Houston.

Saudi Arabia and some other countries are looking for a 1 million bpd output cut for Q2. 2020 amidst weakening global demand.

Crude oil imports into the world’s top oil importer and key growth driver would be weaker in March than in February.

OPEC doesn’t see the effects of the disease confined to the start of the year.

Colorado explorers pumped the most crude on record last year even after the state tightened restrictions on oil and gas drilling.

Iran will inaugurate a production line for a totally home-made self-shifting transmission. for the first time in the history of its car-making industry. in a show of defiance to US’ sanctions.

Latest figures and indexes are suggesting growing prosperity in Iran’s Southeastern port city of Chabahar where economic indicators are witnessing multiple jumps.

A decision to delay the meeting would leave the future of the OPEC+ 1.7 million b d production cut accord with Russia and other allies up in the air.

Government has signed deals with domestic knowledge-based companies for production of five million hygienic masks for fight against coronavirus.