The oil market now faces double jeopardy.

A sharp drop in aviation and transport demand has sent prices down by a third since January.

The most immediate pain is likely to be felt in the US shale industry.

Iran has conferred with the Azerbaijan Republic and Turkey on ways of promoting mutual trade cooperation amid the coronavirus outbreak.

Vestas dominated global onshore sales with a total of almost 18GW of orders in 2019.

China is deciding to ramp up solar capacity.

OPEC had proposed cuts of 1.5 million barrels per day (bpd) in addition to cuts already in place, a move Russia resisted.

Iran is ready for any cooperation and exchange of experiences to eradicate this novel virus.

Oil extended its slide from the lowest close in more than two years as investors wait for a Russian response to OPEC’s plan for deeper and longer cuts to offset the demand destruction caused by the coronavirus. Brent closed below $50 for the first time since mid-2017 on Thursday after …

OPEC and its 14 members have agreed to slash production by 1.5 million barrels per day (bpd) through the second quarter of the year to support sagging oil prices. This decision made Thursday was taken ahead of critical talks on Friday with the 10 other oil-producing nations led by Russia …