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 …
Read More »Geneva Car Show. Basel Watch Fair Canceled as Virus Spreads
Two of Switzerland’s largest trade fairs fell victim to the coronavirus epidemic. with organizers of the Geneva International Motor Show and the Baselworld watch fair pulling the plug on this year’s salons as the outbreak spreads in Europe.
Read More »OPEC+ will Consider Deeper Cuts in Face of Lingering Coronavirus Threat
Saudi Arabia and some other countries are looking for a 1 million bpd output cut for Q2. 2020 amidst weakening global demand.
Read More »China’s Oil Demand Could Rise Sooner Than Expected
Crude oil imports into the world’s top oil importer and key growth driver would be weaker in March than in February.
Read More »Russia to Work with OPEC+ but Content with Oil Price
OPEC doesn’t see the effects of the disease confined to the start of the year.
Read More »Oil Major Expects Oil Production will Peak In 2025
Eni’s plan today includes upstream production growth at an annual rate of 3.5 percent up to 2025.
Read More »Algeria Looks to Export Petrol from 2021
Algeria. which produced nearly 2.7 million tonnes of petrol in 2019. had to import this fuel to meet the needs of the national market.
Read More »Virus Slows China`s Major Belt and Road Projects in Asia
China itself has imposed quarantines and travel curbs across the country to contain the epidemic.
Read More »Eni Targets Oil Output Peak in Clean Energy Drive
Eni is aiming to cut its greenhouse gas emissions by 80% by 2050 in absolute terms.
Read More »EU Sanctions Two Turkish Individuals over East Mediterranean Gas Drilling
Cyprus and Greece dispute Turkey’s claims in the region.
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