Cyprus regards Turkey’s attempt to explore gas in the Eastern Mediterranean as provocative.
Read More »Japanese Warship Departs for Gulf to Patrol Oil Lifeline
Tokyo has chosen to operate independently as it navigates disputes in the volatile region.
Read More »Apple to Close All China Mainland Stores Due to Virus Outbreak
Apple Inc on Saturday said it would shut all of its official stores and corporate offices in mainland China until Feb 9 as fears over the coronavirus outbreak mounted and the death toll more than doubled to over 250 from a week ago.
Read More »China Urges Coal Miners to Resume Production to Keep Market Supplied
The administration will strictly ban activities such as raising coal prices beyond their contracts.
Read More »Is Shale Oil Surge Shifting Global Oil Market Balance?
The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.
Read More »U.S. will Remain Net Energy Exporter from 2020 till 2047
The United States became a net natural gas exporter on an annual basis in 2017.
Read More »Brazil Stays out of OPEC to Maximize Its Output Expansion
Petrobras has a lot of oil and lot of areas to exploit. but it doesn’t have enough funds to prospect all these areas.
Read More »Oil Prices Expected to Remain in $61-$65 Range in 2020
Economic conditions in the Gulf region are expected to moderately improve in 2020.
Read More »All Options Open at OPEC+ Meeting in March
OPEC+ is due to meet in Vienna on March 5 and 6 to set their policy.
Read More »Brazil Unlikely to Join OPEC as It Plans Unrestricted Output Expansion
The Latin American country is seeking feedback from global oil majors to improve participation in upcoming auctions.
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