Saudi Arabia plans to increase its crude oil output next month to more than 10 million barrels a day in response to the collapse of its OPEC+ alliance with Russia, Bloomberg News reported on Saturday. Brent slid to its biggest daily loss in more than 11 years on Friday after …

Libya was currently producing around 121,000-123,000 b/d because of the blockade.

Russia's oil output increase will now hinge on companies' plans.

The platform had a 98% physical progress after completion of construction operations at SADRA Iran Marine Industrial Company industrial yard.

Many shale producers are highly exposed to the current low oil prices.

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.